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Insights from our CIO
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![Michael Rosen]()
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CIO Insights are written by Angeles' CIO Michael Rosen
Michael has more than 35 years experience as an institutional portfolio manager, investment strategist, trader and academic.
RSS: CIO Blog | All Media
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![Angeles Wealth Becomes First Tenant of The Rolex Building, Rolex's New U.S. HQ]()
31 Oct, 2025Angeles Wealth Becomes First Tenant of The Rolex Building, Rolex's New U.S. HQ
AWM will become the first tenant of The Rolex Building, the legendary brand's new U.S. headquarters at 665 Fifth Avenue in Midtown Manhattan, opening in 2026. Designed by Pritzker Prize-winning architect Sir David Chipperfield.
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![Dow Gives Up Gains After Powell Signals Fed May Not Cut Again This Year]()
29 Oct, 2025Dow Gives Up Gains After Powell Signals Fed May Not Cut Again This Year
"Powell is reflecting the tension on the Fed between those who favor more aggressive easing and those who are concerned that inflation remains too high, even as the labor market weakens," said Michael Rosen, CIO at Angeles.
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![AI in Higher Education, Trumps Tariffs Hit Lesotho, Unicorns Avoiding IPOs]()
24 Oct, 2025AI in Higher Education, Trumps Tariffs Hit Lesotho, Unicorns Avoiding IPOs
Last week, Angeles Wealth Management's president and CEO Jonathan Foster joined Bloomberg to discuss why companies are staying private for longer, extending from an average of 7 years to nearly 11.
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![Next-gen Advisors See 'Empathy' as an Advantage Over the Next Decade]()
24 Oct, 2025Next-gen Advisors See 'Empathy' as an Advantage Over the Next Decade
Cameron Rogers, partner at Angeles Wealth Management, recently shared next-gen advisors bring a unique credibility to their work. She adds that leading with empathy has become the "new alpha" for next-gen clients.
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![Investors React to Trump's Massive Increase in China Tariffs?]()
10 Oct, 2025Investors React to Trump's Massive Increase in China Tariffs?
Michael Rosen, CIO of Angeles - "The actual tariff rate has been significantly below what was feared, & companies are adjusting to this new era in trade policy. We should expect to see markets back on track after this momentary bout of volatility."
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![3rd Quarter 2025 - Photograph 51]()
6 Oct, 20253rd Quarter 2025 - Photograph 51
Errors of the past must be corrected, and progress comes through collaborating with colleagues that have diverse experiences, skills and perspectives. We learn these lessons by looking at the most important photograph in history.
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![September 2025 Global Market Index Performance]()
1 Oct, 2025September 2025 Global Market Index Performance
Global equity and bond returns delivered positive results in September. The S&P 500 returned 3.6%, the MSCI ACWI IMI increased 3.4%, and developed non-U.S. equities (MSCI EAFE) increased 1.9%.
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![Beach Reading]()
26 Sep, 2025Beach Reading
September is the best beach month in Southern California: the water is warm, the days are long, the crowds are gone. I have seven books to recommend, five fiction, two nonfiction. Enjoy them on the ...
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![Giorgio Armani's Will Contains Surprises Regarding His Fashion Empire]()
22 Sep, 2025Giorgio Armani's Will Contains Surprises Regarding His Fashion Empire
Angeles Wealth"s managing director, Rick Nott, provided an analysis on what high-profile estates like this can teach about crafting estate plans to family needs.
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![Analysts React After Fed Cuts Interest Rates by Quarter of a Percentage Point]()
17 Sep, 2025Analysts React After Fed Cuts Interest Rates by Quarter of a Percentage Point
"The Fed also raised its inflation forecast, highlighting the delicate balance between setting monetary policy to offset a weaker labor market versus bringing inflation lower," said Angeles CIO, Michael Rosen.
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![Managers Step Up Team Collaboration to Tackle Consultants]()
11 Sep, 2025Managers Step Up Team Collaboration to Tackle Consultants
Michael Rosen, CIO and co-founder of Angeles Investments, told FundFire that his firm ultimately wants access to investment decision-makers and to build relationships throughout an organization.
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![Rethinking the Family Office: Is it Always Worth It?]()
5 Sep, 2025Rethinking the Family Office: Is it Always Worth It?
Angeles Wealth's President and CEO Jonathan Foster recently shared his perspective with Marcus Baram on the prestige of a family office, and the realities of its operating costs.
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![August 2025 Global Market Index Performance]()
2 Sep, 2025August 2025 Global Market Index Performance
Global equity and bond returns delivered positive results in August. The S&P 500 returned 2.0%, the MSCI ACWI IMI increased 2.7%, and developed non-U.S. equities (MSCI EAFE) increased 4.3%. In the U.S., value stocks outperformed growth...
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![August 2025 Global Market Index Performance]()
2 Sep, 2025August 2025 Global Market Index Performance
Global equity and bond returns delivered positive results in August. The S&P 500 returned 2.0%, the MSCI ACWI IMI increased 2.7%, and developed non-U.S. equities (MSCI EAFE) increased 4.3%. In the U.S., value stocks outperformed growth...
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![Investing for Accountability: How to Frame a Values-Driven Conversation]()
29 Aug, 2025Investing for Accountability: How to Frame a Values-Driven Conversation
By leading with curiosity and translating client values into personalized investment strategies, Cameron Rogers, partner at Angeles Wealth, shows how advisors can approach the conversation with clarity and confidence.
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![Cameron Rogers: Mixing Business and Pleasure to Succeed]()
14 Aug, 2025Cameron Rogers: Mixing Business and Pleasure to Succeed
In a recent Barron's Advisor Q&A with Steve Garmhausen, Cameron Rogers, partner at Angeles Wealth Management, shares how authenticity, generosity and shared experiences are central to building lasting client relationships.
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![Lemonade Stand to Leadership: Cameron Rogers on Redefining Wealth Management]()
13 Aug, 2025Lemonade Stand to Leadership: Cameron Rogers on Redefining Wealth Management
From lemonade stand profits at age eight to becoming a partner at Angeles Wealth Management, Cameron Rogers' journey is a testament to curiosity, technical expertise, and the power of relationships.
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![Harvard's Endowment Could Shrink 40% by 2040: Report]()
7 Aug, 2025Harvard's Endowment Could Shrink 40% by 2040: Report
"Increasing returns come with a variety of risks, and that could just be public equity risk, which is short term volatility," Rosen said. "Or it could be illiquid risk, moving more into private equity, for example, to get higher returns, but..."
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![A Dark Stain on American History and the Patriot who Stood in Opposition]()
6 Aug, 2025A Dark Stain on American History and the Patriot who Stood in Opposition
At AWM, we believe leadership takes courage, especially in times of challenge. Jonathan Foster, our President and CEO, reflects on his great-great-grandfather, Senator George Frisbie Hoar, who bravely opposed the Chinese Exclusion Act.
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![Angeles Investments Earns B Corporation Recertification]()
5 Aug, 2025Angeles Investments Earns B Corporation Recertification
Angeles Investments is proud to announce that it has been recertified as a B Corporation (B Corp) by B Lab, the nonprofit organization that administers the certification.
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![July 2025 Global Market Index Performance]()
1 Aug, 2025July 2025 Global Market Index Performance
Global equity and bond returns delivered mixed results in July. The S&P 500 returned 2.2%, the MSCI ACWI IMI increased 1.3%, and developed non-U.S. equities (MSCI EAFE) decreased -1.4%. In the U.S., value stocks underperformed growth.
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![Wall Street Wants to Make Private Markets a Little More Public]()
19 Jul, 2025Wall Street Wants to Make Private Markets a Little More Public
Angeles Wealth Management's CEO, Jonathan Foster, fears that broadening access to private markets opens the door for highly speculative derivative securities that play into retail investors' worst impulses.
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![Beach Reading]()
18 Jul, 2025Beach Reading
Most of you know that Beach Reading is not a list of "summertime" romances or light novels, but rather my usual mix of fiction and nonfiction books that I think rise to the level of being worthy of ...
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![2nd Quarter 2025 - Seed Bank]()
7 Jul, 20252nd Quarter 2025 - Seed Bank
Investment principles are rooted in true experiences, but investment success comes from cross-fertilizing those principles with new ideas to adapt to the new environment. We hope you enjoy this quarter's letter.
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