All Asset Class Reports articles – Page 32
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Asset Class ReportsCrowded out
One might imagine small-caps markets to be hives of alpha-generating inefficiency and anomaly – and yet Joseph Mariathasan finds that returns in Europe are dominated by beta
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Asset Class ReportsPrivate equity fundraising falls in 2009
[13:30 CET 05-11] GLOBAL - Private equity funds have raised only $150bn (€101bn) in the primary business market so far this year as the financial crisis has made investors more cautious, according to private equity placement agent Triago.
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Asset Class Reports
EM debt comes of age through crisis
No one would envy the job that developed market pension fund managers face over the next few years. After the huge destruction in wealth brought about by last year’s credit crisis, they have a lot of catching up to do.
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Asset Class ReportsSanctuary in the crisis
Emerging market debt has had a good crisis and is now firmly established in the mainstream. But, as Joseph Mariathasan finds, the complex matrix of exposures it represents raises the question of whether it is one asset class or many, and demands a properly considered allocation process
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Asset Class ReportsA time to be selective
Uncertainty in sovereign markets and attractive credit spreads have seen risk concentrate in Europe’s investment grade corporate bond markets, finds Joseph Mariathasan
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Asset Class Reports
Alpha from uncertainty
The market crash and subsequent super rally has investors in disagreement over the prospects for US equities. This suggests that active management will now make a difference, writes Joseph Mariathasan
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Asset Class ReportsThe hunt for treasure
Rather than worrying whether the recent emerging market equities rally is sustainable, investors who believe in a long-term growth story should not attempt to time the unpredictable, finds Joseph Mariathasan
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Asset Class Reports
Africa: the efficient frontier
“Africa is where Asia was 20 years ago,” says Richard Segal, a strategist with African financial services firm UBA Capital. “The question is, will Africa be where Asia is now in 20 years’ time?” It certainly struggles against many questionable assumptions. First, that it simply isn’t relevant as an investment ...
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Asset Class ReportsDon’t fight the Fed...
The Fed and the US Treasury combination sits like a heavyweight in the boxing ring of US fixed income. The ponderous moves open up ample opportunity for some quick jabs – but get on the wrong end of one of the swings and it’s a knockout. Joseph Mariathasan reports
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Asset Class ReportsBanking on animal spirits
Global equity valuations – both absolute and relative to credit – are proving difficult to pin down. Joseph Mariathasan finds managers tiring of paying a premium for defensiveness but are hopeful that ‘animal spirits’ can sustain an upward trend
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Asset Class ReportsA nuclear winter?
Managers are working out when and how to position their portfolios to benefit from an eventual economic recovery,finds Joseph Mariathasan
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Asset Class Reports
A new taxonomy
Market dislocation and unpredictable government interventions have re-ordered the natural environment of credit. Joseph Mariathasan asks if the old taxonomies are still fit for purpose
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Asset Class Reports
Dazed and confused
The causes and impact of the convulsions that have rocked the bond market for the last couple of years will be the subject of doctoral theses for generations to come. Joseph Mariathasan sketches out a first draft
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Asset Class ReportsLessons from the Great Depression
Navigating the smaller end of the equity markets is particularly hazardous and Joseph Mariathasan assesses whether the past can offer a compass
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Asset Class Reports
Packaging illiquid assets
Michael Wode and Stewart Bent consider the practical implications of the side arrangements fund managers employ in dealing with illiquid assets
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Asset Class Reports
Those twin deficits
So the US has the same president for the next four years, and it seems to be a case of ‘better the devil you know’, as far as bond and currency market participants are concerned. For Bruno Crastes, head of global fixed income at Credit Agricole Asset Management (CAAM), bond ...
