TRG | The Bottom Line – 7/16

The spectacle of NYC indeed has not been lost, as was witnessed by our trip to the Big Apple this past week, the first trip to the city since late February 2020. TRG met with our institutional equity and PE clients this week to get a lay of the land. While still early, a trend we are seeing is a push for more creativity in terms of investing ideas, focusing on how big themes play into fundamental changes in the post-COVID landscape. Investors are hungry for ideas off the beaten path and disrupters in an environment impacted by several factors, including a meaningful population shift to the Southeast and Southwest, explosive East Coast port growth, and growing realities of climate changes to name a few hot topics. A nod to a recovering economy and the environment, it was fitting that our Park Avenue commute was slowed by Ferrari’s response to the EV.