Mill Creek Capital Advisors

We are excited to welcome Michael McDermott to the Mill Creek team. Michael serves as an Associate Director of Client Experience, where he is responsible for implementing client functionality across various platforms. In his spare time, he enjoys following Philadelphia sports, cooking, and volunteering. Welcome aboard, Mike! #welcomeaboard #newhire

In our latest commentary, CIO Michael Crook discusses how Alexander Hamilton, our first Treasury Secretary, set the financial foundation of the US in 1789, championing sound government credit. Despite opposition, his brilliance shaped our economic powerhouse. Today, with federal debt at $34 trillion, we're facing a fiscal crisis. Interest payments are skyrocketing, and bold reforms are needed. Just as Hamilton took 110 days to transform our finances, we have 120 days until the presidential election to address this issue. Read the commentary here: https://lnkd.in/emnQTiaV #monetarypolicy #election #federaldebt

Happy Fourth of July! We wish you and your family a fun and safe holiday. #HappyFourth

We are excited to present our Q3 2024 Outlook: Election Insights '24. CIO Michael Crook delves into an analysis of the upcoming US presidential election in the lead article (page 1). Additionally, we provide a summary of our tactical views (page 4), a market review for the fourth quarter (page 5), an inflation primer (page 6), a mid-year financial planning checklist (page 7), and a spotlight on private equity (page 8). Read the quarterly here: https://lnkd.in/eF2h-g_r #USPresidentialElection #PrivateEquity #Inflation #FinancialPlanning

CIO Michael Crook recently attended the Economic Club of New York’s luncheon, at which Treasury Secretary Janet Yellen received the Peter G. Peterson Leadership Excellence Award. Yellen’s remarks focused on a topic that we haven’t heard much about in recent years: supply-side economics, or as she framed it, “expanding our economy’s capacity to produce over the medium and long-term…” Read more here: https://lnkd.in/ekwkc2ie #economics

Happy Juneteenth! Today, we recognize this important milestone in American history, commemorating the end of slavery in the United States. We hope you have a restful and reflective day.

"Immigration, millennials entering middle age, and the wealth effect of baby boomers are pivotal," shares Michael Crook, CIO at Mill Creek Capital Advisors, from the sidelines of #ALTSNY. "We're exploring these macro themes driving investment trends." Real estate emerges as a top opportunity post-COVID, while evergreen investments in private equity offer intriguing prospects. CAIA Association, CFA Society New York, Markets Group, William J. Kelly, CAIA, John L Bowman, CFA Aaron Filbeck, CAIA, CFA, CFP®, CIPM, FDP, Paul Hamann Katie Merch-Chammon Debra Haym Karly Congero Hema Ezhil Nicole Lopez Zung Tranova Serena Wright Will Hamilton-Hill Stevie Jacobson Gabriela McNicholl Olivia Obregon Yesenia Valle Jennifer Hughey Giancarlo Sanchez Ureña Courtney McQuade Camille Cross Brett Friedberg Andres Ortiz

Over the past few weeks, a few noteworthy events took place that indicate a level of froth building in the direct lending markets. It’s a reminder that higher yields do not guarantee higher returns and not all strategies are created equal. Read the latest from Nora Pickens, CAIA, Principal of Investments and Head of Private Credit, here: https://lnkd.in/eqAuKYsa #directlending #investmentstrategy

Please join Timothy D. Calkins, CFA, on June 17th for the #ALTSNY - Private Wealth CIO Keynote Panel: Creating the Optimal Multi-Asset Portfolio for Your Investors in 2024 Top thinkers and chief investment officers in the private wealth space share their investment and industry views about their projected macroeconomic outlook and how the democratization of alternatives factors into the evolution of the wealth management business. The panelists will aim to answer the following questions, including but not limited to: As alternatives become more accessible, what role do they play, how can the structure be evaluated, and how can the performance be accurately measured? What is the optimal structure in which these alternatives should be held, and how should clients think about this asset class holistically as part of their generational wealth plan. Moderator: Timothy D. Calkins, CFA Calkins, CFA, Co-Chief Investment Officer, Nottingham Advisors Asset Management Panelists: Wayne Yi, Chief Investment Officer, Simon Quick Advisors, LLC Michael Crook, CAIA, Chief Investment Officer, Mill Creek Capital Advisors Alvina Lo, Chief Wealth Strategist, Executive Vice President, Wilmington Trust Sandip Bhagat, CFA, Chief Investment Officer, Whittier Trust Company Markets Group | CAIA Association | CFA Society New York

Ready to stay ahead of the curve? In his latest commentary, CIO Michael Crook dives into the Federal Open Market Committee's anticipated moves. Market participants expect a steady Fed Funds rate through June, July, and September, with rate cuts starting post-election. Learn what these predictions could mean for your investment portfolio. Read the commentary here: https://lnkd.in/e-ZiM5bG #election #fomc #fedpolicy