All articles by Martin Steward – Page 3
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Asset Class Reports
European Equities: Debating ‘quality’
Martin Steward finds three strategies, each with impressive longevity, illustrating three very different interpretations of ‘quality’ in European equities
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Interviews
Emerging markets, changing world
Julian Mayo, co-CIO at emerging markets specialist Charlemagne Capital, has a memory from the early 1990s that serves as a corrective to the idea of ‘de-coupling’.
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News
MSCI index head warns investors to prepare for China's market opening
CHINA – 'Landmark' event could see MSCI Emerging Market index almost double China weighting.
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Features
Lies, damned lies and valuations
The Barclays UK Government Inflation-Linked Bond index experienced a 13 standard-deviation event on 10 January.
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Features
Contagious junk?
Speculation that European downgrades could squeeze EM corporate bond issuers is overblown, finds Martin Steward
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Asset Class Reports
Small & Mid-Cap Equities: Punching above their weight
Martin Steward takes a tour of some world-beating European companies with four leading small-caps managers
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News
Lyxor launches institutional managed account share class
GLOBAL – S-share will deliver more fee-negotiating power in hedge fund managed accounts.
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News
'Junk' Treasuries no haven even in depression, Faber warns
GLOBAL – Economist would prefer to hold equities even in deflationary environment.
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News
When China sneezes... 2014
Beware complacency about the synchronising economics of the world at large, Martin Steward warns.
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Interviews
Focus and flexibility
One can tell from the name ‘Alternative Investment Group’ that this is a more venerable fund of hedge funds, pre-dating the post-dot-com stampede: it’s not exactly ‘Google-search optimised’.
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Interviews
Enjoying a Renaissance
Renaissance Asset Managers (RAM) has had a great run since it was founded as part of Renaissance Group, the Moscow-based financial services firm, in 2003.
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Asset Class Reports
Emerging & frontier equities – A turn in the cycle
There is a tussle between ‘quality’ and cyclicality among the top strategies in emerging market equities. Martin Steward looks at how three portfolios are shaping up for a possible turn in risk appetite
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Asset Class Reports
Hedge Funds: Owning hedge funds
Neuberger Berman has launched Dyal Capital Partners to buy minority stakes in hedge fund businesses. Martin Steward reports on how it changes the dynamics for hedge-fund investors
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Features
Storm-ready
Devastating natural phenomena are measured with two types of intensity scale. Hurricanes have the Saffir-Simpson scale for wind speed, for example, but also the Fujita scale that measures property damage.
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Features
Shaking up high yield
Considering the trend to combine loans and high-yield bonds in the same products, Martin Steward finds the sub-investment grade landscape changing and new opportunities becoming apparent – especially in senior secured
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Asset Class Reports
Hedge Funds: Taking the ‘fund’ out of hedge funds
Martin Steward spoke to PGGM’s Jan Soerensen about how its managed account platform allows it to take control of its hedge funds – and their costs
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News
Institutional investor surveys reveal marked risk aversion
EUROPE – Respondents cite euro-zone collapse as biggest macroeconomic threat for coming year.
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News
Hedge funds: What's wrong with a 0% return?
Judge hedge funds' diversification benefits by their optionality, not their risk/return.
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Special Report
Risk Managed Equities: Unmasking the wizards
AQR Capital Management tries to direct its clients’ attention away from the supposed insights of market ‘wizards’ and back on to what makes markets tick. Martin Steward caught up with some of its senior leadership in its new London office