United States – Page 23
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Opinion Pieces
Letter from the US: End to pensions taboo
Pension reform is no longer a taboo subject for voters: this is one of the outcomes of the 4 November mid-term elections.
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Opinion Pieces
Letter from the US: Pensions and start-ups
Can pension funds play a greater role in stimulating start-ups and economic growth? Some US politicians think so and are trying to deploy public retirement assets for this goal. But critics claim that results have been disappointing so far, mostly because pension funds invest through private equity funds that demand very high fees. So a new idea is gaining support – pension funds investing directly in private companies, cutting out intermediaries.
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Asset Class Reports
US Equities: Catching the technology wave
Joseph Mariathasan discusses where US technology companies sit in relation to a once-in-a-generation paradigm shift: the move from desktop to mobile and the cloud
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Asset Class Reports
US Equities: How deep is your value?
Martin Steward looks at three US quality-value strategies, two of which exemplify the difference between ‘deep’ and ‘relative’ value and one whose profile belies any stylistic categorisation
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Asset Class Reports
US Equities: Let’s get together
Joseph Mariathasan looks at trends in corporate activity in the US market
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Asset Class Reports
US Equities: No place like home
Joseph Mariathasan asks if the relative home bias of North American companies might be a shelter from the geopolitical and economic storms rattling international markets
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Asset Class Reports
US Equities: Too big to grow?
No company can grow its earnings forever, but drawing the ‘ex-growth’ line is almost impossible. Joseph Mariathasan delineates the characteristics of pro-growth mega-caps from the US equity market
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Asset Class Reports
US Equities: It’s a gas
The hydraulic fracturing revolution could re-shape the US economy – and US equity portfolios with it, writes Joseph Mariathasan
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Asset Class Reports
US Equities: Growth – but at what price?
US equity managers’ performance has been determined by a long period of convergence between value and growth strategies. Martin Steward outlines these characteristics in four portfolios and asks if this era is coming to an end
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Asset Class Reports
US Equities: Storm clouds gather over US economy
Shaniel Ramjee worries that markets are misreading the seriousness of the US fiscal position – a situation complicated by a looming budget cut of $1.2bn
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Asset Class Reports
US Equities: Still value to be found on upside
Martin Steward finds some surprising potential for growth at the heart of generally defensive portfolios
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Asset Class Reports
US Equities: Squeezing the last drops
US corporate margins have expanded impressively since the crisis. Joseph Mariathasan asks where the next wave of growth is going to come from
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Asset Class Reports
US Equities: 20 heads are better than one
Joseph Mariathasan takes a look at Neuberger Berman’s Flexible All Cap US Equity strategy
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Asset Class Reports
US Equities: Concentration on quality
High quality franchises with a global outlook can deliver returns well ahead of the US market, finds Joseph Mariathasan. But it can be a bumpy ride
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Asset Class ReportsUS Equities: Style bias
Joseph Mariathasan uncovers a wide range of strategies among top performers in US equities
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Asset Class Reports
Where next for hedgies?
Market conditions, consolidation and regulatory developments are changing the landscape for hedge funds. Jean-Charles Bertrand explores the new topography
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Asset Class ReportsStill the wild frontier
US small and mid caps remain the crucible of corporate capitalism and opportunity. But Joseph Mariathasan finds that the challenge is in steering through the sheer variety of stocks and managers
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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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Special Report
Trillions of dollars of expense
US institutions discussed the prospect of a new investment world at the Milken Global Conference in Los Angeles at the end of April. Liam Kennedy, who moderated the institutional investors’ panel, here discusses what they had to say
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Special Report
‘We ate all the nuts’
Liam Kennedy interviewed PIMCO’s Bill Gross and Mohamed El-Erian at their offices in Newport Beach, California
