Investment

  • Aniqah for T+1 Briefing
    Features

    T+1 settlement rules pose challenges for fund managers

    June 2024 (Magazine)

    A global move to compress settlement cycles – that is, the time between when a transaction is agreed and executed and when the transaction is completed and the securities and cash are exchanged – is underway. While the aim is to deliver lowered risk and cost savings, investors and market participants face challenges due to the increasingly interconnected nature of financial markets.

  • Deborah Ng_GMO_2
    Interviews

    Why investors should focus on Scope 3 emissions

    June 2024 (Magazine)

    The investment industry is preoccupied with reducing Scope 1 and 2 emissions in portfolios to meet net-zero commitments. However, this focus will not provide a way to effectively manage climate transition and physical risk. 

  • Refinitiv
    Features

    Market predicts US soft landing - June 2024

    June 2024 (Magazine)

    A combination of Fed­eral Reserve chair Jerome Powell’s press conference and a slightly weaker-than-expected US April non-farm payrolls outcome succeeded in flipping the market back to a soft-landing narrative for the US economy. US Treasury bonds rallied sharply, taking other markets with them, while the yen weakened significantly against the dollar before recovering.

  • IPE Quest June 2024
    Features

    IPE Quest Expectations Indicator - June 2024

    June 2024 (Magazine)

    Trump and Biden are both losing to undecided voters, a group that is now unusually large and may be sensitive to Trump’s legal troubles. Biden’s approval rate is below his score in presidential polls, while Trump’s score is the same in presidential polls and those measuring voters’ opinion of him. In the UK, the Conservatives took another drubbing in the local elections.

  • Eric Adler
    Interviews

    PGIM looks to grow private credit

    June 2024 (Magazine)

    Like other managers, PGIM has grown its private assets and alternative credit franchise as clients – both within the group and external – have broadened their allocations across the real assets and alternative credit universes. 

  • Kate Levick 2021 E3G - small file size
    Features

    Corporate transition plans need to spell out net-zero dependencies

    June 2024 (Magazine)

    Corporate climate transition plans are gaining momentum globally. Essentially, these are reports about how a company plans to achieve emission reduction targets, but the idea is that the company will have engaged in strategic thinking and planning to produce such a plan, rather than just churn out more disclosures.

  • Karen Kharmandarian
    Interviews

    Thematics Asset Management’s CIO on themes and investment challenges

    May 2024 (Magazine)

    Out of the 19 boutiques businesses belonging to the Natixis Investment Management franchise, Thematics Asset Management is by no means the smallest, but it is not exactly a juggernaut, managing €3.3bn of assets at the end of last year. Yet, it is actively contributing to what could be a crucial evolutionary step for global investors.

  • Laasya Shekaran
    Features

    UK creates social factors template for pension investors

    May 2024 (Magazine)

    Environmental and governance risks receive much attention, but UK and other European institutional investors have focused less on social factors and their complexities.

  • Ted Craig
    Features

    Private credit secondaries come of age

    May 2024 (Magazine)

    Since the secondaries market came into existence, private equity has been the dominant asset class, but the tide is turning. It is finally time for private equity’s more youthful counterpart, private credit, to receive more of our attention. The private credit secondaries market borrows various elements from its older sibling, including best practices and deal structures, and it is now demanding the spotlight as awareness of the asset class increases. 

  • Per-Otto Wold
    Interviews

    Modelling shows net-zero investing can be profitable

    May 2024 (Magazine)

    Since the acceptance of the Paris Agreement in 2015, which bound nations to a legal commitment to reduce global temperatures, there has been a clear shift towards net-zero investing. While socially responsible investments are crucial for the mitigation of climate change, recent calls to row back on ESG funds suggest some hesitation. 

  • The yen hits lows not seen against the dollar since the 1990s
    Features

    US economy continues to surprise

    May 2024 (Magazine)

    The resilience of the US economy continues to confound observers. The Federal Reserve’s 11 hikes in interest rates over the course of 2022 and 2023 were implemented to rein in economic strength and to stifle inflation. Scroll forward to the second quarter of 2024 and both inflation and economic activity are still higher than expected.  

  • Net sentiment equities
    Features

    IPE Quest Expectations Indicator - May 2024

    May 2024 (Magazine)

    EU parliamentary elections are approaching fast. Current polls predict a shift to the right, with the current centrist parties remaining dominant and the extremist right overtaking the Euro­sceptics. US President Donald Trump is still liable to be convicted in a criminal case, but his poll figures are rising. 

  • IPE April 2024 cover
    Asset Class Reports

    Emerging market equities: investors grapple with peak political risk

    April 2024 (Magazine)

    As billions of people head to the polls in 2024, how will politics influence flows to emerging market equities?

  • Varun Laijawalla
    Asset Class Reports

    Is India’s equity market now the new China in investors’ eyes?

    April 2024 (Magazine)

    Better governance and a clear economic path may put India in the lead

  • Boulevard world in Riyadh Theme Park
    Asset Class Reports

    A changing Saudi Arabia proves attractive for investors

    April 2024 (Magazine)

    Equity market is starting to open to investors as the country liberalises strict rules

  • chris stevens
    Features

    Investors are paying for hedge funds' reluctance to use hurdle rates

    April 2024 (Magazine)

    Although two years have now passed since the US Federal Reserve started rapidly hiking interest rates, the likelihood that your hedge fund manager will have a ‘hurdle rate’ – a minimum rate of return before performance fees kick in – has not changed. Only a quarter of hedge funds, by our count, have such a threshold in place and the practice does not yet show signs of becoming more widespread, even though the risk-free rate has now exceeded 4% for well over a year.

  • Buchet Damien
    Features

    An inflection point for India bonds

    April 2024 (Magazine)

    The impending inclusion of Indian government bonds (IGBs) in JP Morgan’s widely tracked $240bn (€220bn) Govern ment Bond Index-Emerging Markets (GBI-EM) index is seen as a milestone. However, while some asset managers hope it is the beginning of a more open investment culture, others are more circumspect. 

  • Rich Nuzum 2
    Interviews

    Mercer’s Rich Nuzum: soft skills are the hardest in investment governance

    April 2024 (Magazine)

    Mercer’s recent acquisition of Vanguard’s outsourced chief investment officer (CIO) business and its sale of two administration units points to changes in asset management as firms continue to focus on core activities. 

  • Lauren_Stagnol picture
    Interviews

    Measuring the impact of non financial factors on GDP growth

    April 2024 (Magazine)

    In their paper entitled Modeling the Links Between Economic Growth, Socio-economic Dynamics and Environmental Dimensions: a Panel VAR Approach, the authors attempt to quantify direct and indirect causalities between economic growth and extra-financial dimensions, including demographics, biodiversity, climate change, political stability, inequalities and economic growth. 

  • Net sentiment equities
    Features

    IPE Quest Expectations Indicator - April 2024

    April 2024 (Magazine)

    The shadow of the US presidential elections is longer than normal because Trump is under several legal clouds. He could still get barred from participating but that seems unlikely. He does have a liquidity problem, a self-destructive streak, a mercurial character and no credible alternative waiting in the wings, though.