By Parson Tang It was 8:10 a.m. at the Centurion Lounge in Hong Kong when Linda Cheung, a long-time family office client with a knack for buying after markets rose, waved me over with the kind of calm confidence that only a steady monthly payout can create. “Parson,” she said as she slid her tea aside, “I don’t know why everyone is nervous. My income fund pays me every month. Seven, sometimes eight percent a year. Never missed. Why should I touch it?” I smiled. Questions like

July 11th, 2025 A few weeks ago, I was walking through Central Park with a childhood friend who now leads macro strategy at a top hedge...

June 25th, 2025: The market is rising, but under the surface, not everything is as strong as it seems. We’re seeing leadership from a few...

There’s a moment in every investor’s life when the market punches you in the face. Hard. For me, one of those moments came in early April...

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Over the past few years, private credit has moved from the periphery to the heart of institutional portfolios . It's being pitched...

When I help families and institutions construct long-term portfolios, I often refer back to the Yale Endowment as a foundational model....