News

This will be ugly and sad. Racism has cost this country $16 trillion over the last twenty years according to a recent Citigroup report.

There were a staggering 7.8 million children across 4.3 million child abuse and neglect cases referred to Child Protective Services in the U.S. in 2018. Of those cases, 2.4 million were deemed serious enough to require intervention.

In the face of unprecedented economic devastation, investors were expecting a very challenging 2Q20. Au contraire. Domestic equities crushed it: the Russell 3000 Growth and Russell 3000 Value were up 28% and 15%, respectively – admittedly on the heels of a dramatic 1Q20 downdraft.

Understandably the headlines this past quarter have been consumed by pandemic updates or the financial crisis, both inextricably linked. On April 1, there were sadly 3,746 deaths in the U.S.; on June 30, there were 119,761.

As it does not happen very often, we are particularly excited to announce that Margaret (Gaby) Malone has joined the firm as a senior associate, adding yet another important member to the Flare Capital team.