No images? Click here
FEATURED ARTICLE
Wealth inequality: Is everything OK in the K-shaped economy?
The size of the gap between rich and poor is open to debate, but as anti-wealth discourse grows, perception might be more important than reality.
Public discourse continues to highlight a phenomenon variously short-handed as “the growing wealth divide,” “the gap between rich and poor” or “the K-shaped economy.” By whatever name, it describes an apparent economic trend in which high-income individuals and families (occupying the ascending “arm” on a K-shaped chart) enjoy increased wealth, while lower-income folks (on the descending “leg”) grapple with mounting debt and a decline in spending power.
To the extent to which the K-shaped economy is real (more on that later), it’s often portrayed as a societal problem that adversely impacts those on the lower rungs of the wealth ladder. But it also raises challenges for the wealthy.
How real is the gap between rich and poor? Is it really widening? What are the risks for families of wealth? And does history provide us with any lessons?
Where you'll find us
- Check out our homepage for the latest from Canadian Family Offices.
- If you use LinkedIn, our page is here.
Feel free to send us feedback at info@CanadianFamilyOffices.com
MEMBER CONTENT
Inside opportunistic credit: A Q&A with Pender’s Parul Garg
‘The possibility of a restructuring does not automatically tell us a company is doomed. It tells us there is a situation we need to analyze on its merits.’
The search for mispriced risk sits at the heart of Pender’s approach to stressed and distressed credit. After more than a decade investing in opportunistic credit situations, including through restructurings and periods of market dislocation, the firm has turned that experience into the Pender Credit Opportunities Fund, which recently marked its third anniversary.
In this Q&A, Canadian Family Offices speaks with Parul Garg, Pender’s Associate Portfolio Manager and a specialist in stressed and distressed credit, about where these opportunities come from, what the firm has learned through multiple credit cycles, and how the strategy could fit within a family office portfolio.
This article is Member Content, provided by PenderFund Capital Management.
MORE TOP STORIES
The family office fingerprint: No two may be exactly alike, yet all FOs share structural similarities
The common challenges associated with complex, growing wealth
The Ten Domains of Family Wealth: Estate Planning and Legal Issues
Wills and trusts are just the tip of the iceberg in a field that touches upon every facet of family life
Family offices are confident in markets, but succession worries loom: Citi Wealth report
Citi Wealth’s latest global family office report shows a sector building resilience amid turbulent times
Twenty of the world’s most valuable family-owned or -controlled sports franchises
Private equity is making inroads into the world of sports ownership, but families still control the most valuable franchise
FROM OUR SPECIAL REPORT ON REAL ESTATE
Where Canadians are buying luxury property abroad
A pied-à-terre in Paris? A villa in Sorrento? Or maybe a whole castle? For wealthy Canadians looking for a home abroad, almost anything goes
Real estate: How much worse can it get?
Kicking off our September special report on real estate, we look at why the long love affair that Canada’s family offices have had with real estate has hit a bumpy patch—to put it mildly