Bitterroot Capital Advisors LLC

We have recently completed our Q3 Capital Markets Review, covering strategic asset allocation (7-year outlook), macroeconomic conditions, shorter-term view, equity markets, fixed income, alternatives & private investments, and actionable investment opportunities. While we will share insights on each topic over the coming weeks, you can read our full report here #capitalmarkets #financialreview

Ranch Land Investing: The Untapped Opportunity for Family Offices to Preserve Wealth and Generate Returns 
There are interviews, and then there are game-changers. This conversation is the latter. While ranch land may seem like a niche investment, it’s packed with immense strategic value. As someone who’s actively considering investing in this space, this discussion struck a chord with me. My special guest, Keith Gertsen Partner at Bitterroot Capital Advisors and seasoned ranch owner, reveals why American ranch land is one of the most overlooked yet powerful tools for wealth preservation. He dives into why family offices and high-net-worth individuals are flocking to this asset—not just for potential returns but for its unique ability to shield against economic turbulence and volatility. From post-COVID demand spikes to the allure of “Yellowstone” culture, we explore everything you need to know: who’s buying, how to choose the right property, and how underutilized assets like water and mineral rights can be leveraged for immense value. Plus, we unravel tax benefits, state-specific regulations, and how conservation easements and carbon credits can maximize your investment. If you want to understand why America’s heartland could be the key to preserving dynastic wealth, you can’t afford to miss this episode! Click Below to Watch https://lnkd.in/e_JsKJHN As you explore this interview and its insights, I invite you to take it a step further—consider joining the exclusive ranks of SFO Continuity. Gain access to unparalleled resources, strategies, and a powerful network of families shaping the future. Learn more about how this private membership can redefine success for your family office below. Click Below to Unlock You Membership and Take Control of the Future. Seats are limited. Success isn’t for those who wait—it’s for those who take action. https://lnkd.in/epaSK2W6 #familyoffice #familyofficetv #angelorobles #ranchland #montana

Bozeman, MT — October 1, 2024 — Bitterroot Capital Advisors, LLC (BCA), an independent Registered Investment Advisor (RIA) providing personalized wealth and investment advisory services to ultra-high-net-worth families and their family offices, announced today that Keith Gertsen, a 33-year Wall Street veteran, has joined the firm as a Partner. Click below to read our full press release.

Although we recently provided a quarterly update, equity markets have declined swiftly over the past few days while bonds have appreciated as yields have tumbled. We wish to share our current thoughts regarding the factors behind these moves and the potential implications going forward.

Investment opportunities include adding duration to fixed-income holdings and exploring private equity and credit strategies. Our report highlights the potential for bond price appreciation and attractive returns from private credit, providing guidance on optimizing portfolio allocations in the current market.

Hedge funds, private equity, and real estate showed varied performance. Long-short equity and macro hedge funds performed well. Real estate trends varied by sector, with office continuing to struggle. Our analysis includes new deal and exit activities in private equity which continues to perform well, also noting stabilization in venture cap fund performance.

Fixed income markets experienced high volatility in yields for government and investment-grade bonds despite flat performance for the quarter. High-yield bonds and leveraged loans performed well due to high coupon rates and stable spreads. Our report delves into yield trends and valuation metrics.

We survey global equity market performance by geography, factors and sector, highlighting the strong results for US large cap stocks, particularly in the tech sector. The difference between market-cap and equal-weighted performance highlights the concentration now in the S&P 500 and the impact on valuation of the index.

Key issues and scenarios include the inflation trajectory, economic growth possibilities, and corporate earnings outlook. Our report also discusses AI adoption, geopolitical conflicts, and market reactions under various scenarios, from optimistic to pessimistic, resulting in a neutral tactical stance.

Global economic conditions reveal a slowdown in US economic growth, with cooling consumer spending, and resumed disinflation. Europe’s recovery remains fragile, while China’s growth lags expectations. Our analysis covers inflation trends, growth scenarios, and geopolitical impacts on market stability.