All articles by Joseph Mariathasan – Page 25
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NewsIPE Views: The oil price – driven by economics or politics?
Joseph Mariathasan considers the impossible challenge of predicting the price of oil
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News
IPE Views: Should investors be concerned about farm animal welfare?
The treatment of company staff has long been on the radar for investors. But Joseph Mariathasan says that animal welfare is just as important
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News
IPE Views: Hedge fund fees
IPE contributing editor Joseph Mariathasan explores whether hedge funds can justify their fees
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News
Grexit: Economic choice or political nightmare?
The Greek crisis is not just about debt – it’s about the raison d’etre of the EU itself
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Asset Class Reports
Investing In Investment Grade Credit: A widening spread
Joseph Mariathasan finds that the divergence of USD and EUR corporate bond performance tells us a lot about how badly Europe’s economy is lagging that of the US
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Asset Class Reports
Investing In Investment Grade Credit: Problem solving
Forthcoming solvency rules led many insurers away from equities towards corporate bonds just in time to dodge the financial crisis. With yields low and spreads tight, but the Solvency II ghost still at the feast, Joseph Mariathasan looks at what they are doing now
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Asset Class Reports
Investing In Investment Grade Credit : Improved credit rating?
The financial crisis threw the spotlight on rating agencies. In particular, the failures in sub-prime asset-backed securities (ABS) that were seen as the catalyst that unleashed the global maelstrom of 2007-09 called into question their methodologies for rating structured products.
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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: 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: 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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Special Report
Special Report, Fees & Costs: Selling fees short
Hedge fund fees have fallen and managers have come around to the idea of negotiating on them, writes Joseph Mariathasan. But structures still need to be more sophisticated.
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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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Interviews
Experience, leveraged
Babson Capital immediately springs to mind for institutional investors around the world seeking global fixed-income managers, but that is a key goal for CEO Tom Finke. Having raised $5bn (€3.9bn) from European investors alone in 2013 it certainly looks well-positioned to one day be ranked among the market leaders.
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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 ReportsHigh-yield Bonds & Loans: Revolution from above and below
Few markets outside the emerging world have changed to the extent that European high-yield has over recent years. Joseph Mariathasan and Martin Steward find transformation coming from the massive to the micro, from above and below
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Asset Class Reports
Emerging Market Debt: Grade deflation
Take out the 2008-09 crisis, and the past 18 months have seen emerging market credit rating downgrades outnumber upgrades for the first time in over a decade. Joseph Mariathasan asks if the loss of momentum in ratings convergence is a sign of weakening fundamentals or a return to old prejudices
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Asset Class Reports
Emerging Market Debt: Bonds and the ballot box
Amid a rash of important elections, the rumble of ongoing territorial disputes, a deteriorating situation in coup-plagued Thailand and an alarming rise in tensions between Hong Kong and Beijing, Joseph Mariathasan looks into the impact of political risk on Asia’s bond markets
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Asset Class Reports
Investment Grade Credit: Worth the weight
Smart beta has taken the equities world by storm in the past three years, and practitioners are now turning their attention to bond markets – including credit. Joseph Mariathasan and Martin Steward look at some of the strategies becoming available
