Wes Karger was recently featured in Financial Planning discussing the potential benefits and drawbacks of borrowing against fine art as a liquidity strategy for ultra-high-net-worth clients. In "The Art of Borrowing Against a Picasso," Wes explains that while art-secured lending can be a useful tool in certain situations, it's rarely the first option:
"It's last on our list in terms of a strategy that would be feasible for a client, and the reason for that is art lending is very expensive in terms of specialty lending practices."
Wes Karger was recently featured in Financial Planning discussing the poten...
Wes Karger was recently featured in Financial Planning discussing the potential benefits and drawbacks of borrowing against fine art as a liquidity strategy for ultra-high-net-worth clients. In "The Art of Borrowing Against a Picasso," Wes explains that while art-secured lending can be a useful tool in certain situations, it's rarely the first option: "It's last on our list in terms of a strategy that would be feasible for a client, and the reason for that is art lending is very expensive in terms of specialty lending practices."
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September 2026
12 mins read
TwinFocus Insights
Research Note: Energy Sector | Midstream Energy Update
Research Note: Energy Sector | Midstream Energy Update
Introduction Midstream energy infrastructure equities, a conviction theme for the TwinFocus Investment…
Introduction Midstream energy infrastructure equities, a conviction theme for the TwinFocus Investment Team over the past few years, have delivered strong performance again in 2026, with North American midstream equity returns approaching 30% year to date. Notably, that strength has been driven by fundamental improvements across the energy infrastructure landscape, rather than movements in oil and natural gas prices. Our latest note examines the forces supporting the sector, including growing LNG export demand, the accelerating power requirements of data centers and AI, earnings that beat guidance, and continued dividend growth. We also examine current valuations, which have risen but remain below those of the broader equity markets. Looking forward, midstream energy continues to be supported by powerful secular trends, from rising electricity consumption and AI-driven power demand to growing global demand for secure, diversified energy supplies. Together, these offer a...
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August 2026
1 mins read
In The News
Paul Karger shares his thoughts with Josh Lipton on Yahoo! Finance around K...
Paul Karger shares his thoughts with Josh Lipton on Yahoo! Finance around Kevin Warsh’s keynote address at the Jackson Hole Economic Policy Symposium.
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August 2026
1 mins read
In The News
Great to see our Managing Partner Paul Karger on Fintech TV this week with ...
Great to see our Managing Partner Paul Karger on Fintech TV this week with Remy Blair, talking treasury yields, inflation, gold, alternatives, and the bond market warning. Paul explains how ultra-high-net-worth investors are positioning their portfolios and why they are demanding a greater premium to hold longer-dated U.S. debt.
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