AlTi - Alvarium Tiedemann

In Conversation with Nancy Curtin and Bob Hormats

Published February 28, 2023

In a series of three videos, AlTi’s Global CIO Nancy Curtin sits down with Political and Economic Strategist Bob Hormats to discuss how China has evolved as a world power, the ever-evolving complexities of US-Sino relations, and how it might inspire the United States’ foreign policy regime going forwards. 

Currently serving as a strategic advisor to AlTi, Bob is currently Visiting Lecturer at the Yale School of Management and was formerly the Under Secretary of State for Economic Growth, Energy and the Environment. Earlier in his career, as Senior Economic Advisor to Dr. Henry Kissinger on the National Security Staff, he played a key role for managing the Nixon Administration’s opening of diplomatic and economic relations with the People’s Republic of China. Bob was, during the late 1960s and the 1970s, senior staff member for International Economic Affairs on the US National Security Council Staff in the White House.

 In the discussion, Nancy takes the opportunity to outline recent market themes, discusses the importance of thinking globally in portfolio design, and illuminates the power of embracing private markets to more closely emulate “endowment-style investing” over a longer time horizon.  

US-Sino relations and the battle for tech supremacy

The case for optimism in today’s markets

Embracing alternatives for endowment-style investing


Notes & Important Disclosures

This video has been issued and approved as a financial promotion by Alvarium Investment Advisors (UK) Limited, which is part of AlTi Tiedemann Global (“AlTi”). Alvarium Investment Advisors (UK) Limited is authorised and regulated by the Financial Conduct Authority (FRN: 09111421) and registered in England (No. 09111421) with its registered address at 10 Old Burlington Street, London W1S 3AG.

The information in this video is provided to you for information purposes only and should not be relied upon as investment advice. It has not been prepared in light of your personal circumstances (including your specific investment objectives, financial situation or particular needs) and does not constitute a personal recommendation. The information in this video does not constitute and should not be construed as legal or tax advice or a solicitation and/or recommendation of any kind from AlTi to you, nor as an offer or invitation from AlTi to subscribe to, purchase, redeem or sell any financial instruments, or to enter into any transaction with respect to such instruments. The content of this video may not be suitable for your financial situation, investment experience and investment objectives, and AlTi does not make any representation with respect to the suitability or appropriateness to you of any financial instrument or investment strategy presented in this document. The offering documents for each investment, where one is provided, contain important information concerning risks and other material aspects of such investment and must be read carefully before a decision to invest is made.

We do not provide any legal or tax advice and recommend that you obtain your own independent legal and tax advice, tailored to your particular circumstances. All services are not available in all jurisdictions. It is important to note that the capital value of, and income from, any investment may go down as well as up and you may not get back the original amount invested. Past performance is not a guide to future performance. There is no guarantee of positive trading performance.

The information in this report is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. No part of this document may be reproduced, stored in a retrieval system, or transmitted, on any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of AlTi. All brands, company names, and product names are trademarks or registered trademarks of their respective holder.

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Notes & Important Disclosures

This information is being provided by AlTi Global, Inc. (“AlTi”), exclusively for use by recipient. For the purposes of this disclosure, AlTi includes certain of AlTi’s affiliates that are registered as investment advisers with the U.S. Securities and Exchange Commission, (each, an “AlTi Affiliate RIA” and collectively, “AlTi Affiliate RIAs”) that provide investment advisory services. Any investment products referred to herein are managed and / or advised by one or more of AlTi Affiliate RIAs. No part of this material may, without AlTi’s prior written consent, be copied, photocopied, or duplicated in any form, by any means. AlTi is providing this information solely in connection with providing general investment advisory services and is not in connection offering investment advisory services with respect to any “private funds” that are managed by such AlTi Affiliate RIAs. The information provided is in no way intended to be considered a recommendation, or an offer to sell, or a solicitation of any offer to buy, an interest in any security, by AlTi or any AlTi Affiliate RIA, including an interest in any investment vehicle or any other financial product, including any investment advisory, wealth planning or trust arrangement managed or advised by AlTi or any AlTi Affiliate RIA, nor does it constitute investment, legal, or tax advice with respect to the products and services and it is important that you do not rely on its content when making an investment decision. Neither AlTi nor any AlTi Affiliate RIA make any representations through this information as to whether any security or other financial product is suitable to you or will be profitable. This information is not intended as a formal research report and should not be relied upon as a basis for making an investment decision. You should obtain relevant and specific professional advice before making any decision to enter into an investment transaction. Investment in securities involves significant risk and has the potential for partial or complete loss of funds invested. Investments are not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other governmental agency. Prospectuses and offering documents should be read thoroughly before investing. No representation is made that any client will or is likely to achieve its objectives, that the strategies, investment process or risk management referenced in the information provided will be successful, or that any client will, or is likely to, make any profit, or will not suffer losses, including loss of principal. Past performance is no guarantee of future results. Opinions regarding the suitability of investment approaches, including risk allocations and other portfolio decisions, are not tailored to any specific client, do not constitute recommendations, and are solely provided to facilitate discussion. Individual investor portfolios are constructed based on the individual’s financial resources, investment goals, risk tolerance, investment time horizon, tax situation and other relevant factors. Any statements, assertions or the like (collectively, “Statements”) regarding prior or future market or other events, or views about investing, are based upon AlTi’s beliefs, which may not reflect those of the firm as a whole, unless the information provided includes the source(s) with respect to such Statements. Additionally, AlTi Affiliate RIAs may pursue investment strategies for clients that do not reflect or contradict the beliefs set forth in any Statement at any time, including at the time of publication. The Statements involve inherent risks and uncertainties, both general and specific, many of which cannot be predicted or quantified and are beyond the control of AlTi. Future evidence and actual results could differ materially from those set forth in, contemplated by, or underlying these Statements, which reflect AlTi’s beliefs at the time of publication and are subject to change. In light of these risks and uncertainties, there can be no assurance that these statements will prove to be accurate in any way. Information given herein is believed to be reliable, but AlTi does not warrant to its completeness or accuracy, nor does AlTi assume any obligation to update or revise such information. Certain information has been provided by and/or is based on third-party sources and, although believed to be reliable, has not been independently verified and AlTi is not responsible for third-party errors.

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