All Asset Class Reports articles – Page 20
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Asset Class Reports
Investment Grade Credit: Set for new trends
Strategy Review, Investment Grade Credit: Martin Steward finds investment-grade credit portfolio managers getting excited about energy sector volatility and a big change to regulation of bank capital structures
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Asset Class Reports
Investment Grade Credit: What’s next for ABS?
While the tone of the authorities has changed markedly over recent months, there are still many anomalies in the way securitisation is regulated in Europe
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Asset Class Reports
Investing In Small & Mid-Cap Equities: Keeping it in the family
Germany’s Mittelstand shows why mom-and-pop shops, despite the risks, can create superior success from local networks and a longer-term view of their businesses. Joseph Mariathasan investigates
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Asset Class Reports
Investing In Small & Mid-Cap Equities: Taking small-caps global
Brandes Investment Partners has been managing global small caps since 1997. “It’s a big pond with a lot of fish but very few anglers,” as director of investments Luiz Sauerbronn puts it.
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Asset Class Reports
Investing In Small & Mid-Cap Equities: Northern exposure
While the Swedish stock market in general can be rather volatile, this goes to an even greater extent for Swedish small-caps. But as Caroline Liinanki finds, for those able to handle the short-term market movements investing in smaller Swedish companies has been a very profitable move
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Asset Class Reports
Investing In Small & Mid-Cap Equities: The M&A effect
The M&A theme tends to be big in small-caps: these companies are growing, often via their own acquisitions; and becoming assets coveted by both LBO from below and large-caps from above. Our featured strategies feel its effects as both a blessing and a curse.
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Asset Class Reports
Investing In Small & Mid-Cap Equities: Focus from diversity
Rummaging through successful small-caps portfolios reveals a diversity of opportunity, finds Martin Steward. This diversity enables portfolio managers to express very well-defined styles in their portfolio risk
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Asset Class Reports
Investing In Small & Mid-Cap Equities: Starved of capital
Central bank policies are heading for divergent paths. Joseph Mariathasan looks into the likely impact on small and mid-sized stocks, where valuations are already exhibiting marked differentiation
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Asset Class Reports
Investing In Small & Mid-Cap Equities: New book claims that 'The Future is Small'
‘The Future is Small’ (Harriman House, 2014), a newly-published book from Miton Asset Management’s Gervais Williams, contends that while returns from large-cap stocks will remain low in an environment without decent economic growth, we are at the early stages of a multi-decade period of small-company outperformance.
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Asset Class Reports
Investing in Hedge Funds: Uncut hedges
US pension giant CalPERS may have stopped investing in hedge funds, but despite heightened short-term scrutiny, Christopher O’Dea finds that most plans are retaining their allocations, and expecting them to deliver greater value through bespoke strategies
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Asset Class Reports
Investing in Hedge Funds: Is the trend your friend?
Alex Greyserman looks at how trend-following at different speeds has fared in equity markets during the post-crisis bull market and over the longer term, and finds compelling diversification benefits
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Asset Class Reports
Investing In Hedge Funds: About turn for top-down
Macro, the darling of the hedge fund world through the drama of 2008-09, has struggled in the subsequent low-volatility, low-rates environment. Joseph Mariathasan asks whether recent outperformance signals a more conducive backdrop for this family of strategies
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Asset Class Reports
Investing In Global Equities: Multiple problems
Does the vast amount of central bank liquidity in the system help to make sense of current equity valuations, and should investors therefore be worried about the ‘punch bowl’ being taken away? Joseph Mariathasan tries to evaluate today’s valuations
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Asset Class Reports
Investing In Global Equities: Global rotation
Martin Steward finds pure value and pure growth strategies starting to take the lead as the quality theme begins to run out of steam
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Asset Class Reports
Interview - DMO:We want to hear from you
Robert Stheeman, CEO of the UK Debt Management Office, tells Taha Lokhandwala about the importance of ongoing dialogue with institutional investors
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Asset Class Reports
In-house strategies offer greater advantages
On The Record: Do you use external hedge funds?
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Asset Class Reports
Beleggersberaad 2014: Managers sing praises of frontier markets
Emerging market debt (EMD) has matured and could now act as a “useful addition” to a pension fund’s fixed income portfolio, according to Roy Scheepe, senior client portfolio manager at ING Investment Management.
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Asset Class Reports
Dangerous liquidity
Following another summer of high-yield bond market volatility, Emma Cusworth asks whether ETFs are to blame for credit markets getting riskier
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Asset Class Reports
High-yield Bonds & Loans: Covenants and calls
Joseph Mariathasan and Martin Steward ask whether investors’ traditional protections are getting squeezed out in the convergence of high yield bond and loan markets
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Asset Class Reports
High-yield Bonds & Loans: Lien and healthy?
Jennifer Bollen finds booming leverage markets bringing second-lien debt back into vogue in private equity deals – and in Europe, that can mean mezzanine-like risk