Content (56)

  • Structural change implications of the Coronavirus experience

    White papers

    Structural change implications of the Coronavirus experience

    2020-05-22T15:56:00Z

    As we sit here in the spring of 2020, looking out on our respective neighborhoods from our home offices, we’re well underway into another seasonal change. But unlike any previous spring season, 2020 has swamped us with unthinkable change. For far too many, this spring has brought dire economic and employment conditions.

  • Coronavirus concerns spark market selloff

    White papers

    Coronavirus concerns spark market sell off

    2020-02-26T11:33:00Z

    Public and market fears have converged with countries outside China anxious that they may be approaching the same point as China was at the end of December - the preliminary stages of a devastating epidemic.

  • Strategic Relative Value – Q1 2020

    White papers

    Strategic Relative Value – Q1 2020

    2020-01-24T16:16:00Z

    Persistent central bank liquidity and easing geopolitical tensions should support a continued rally in risk assets this year. However, the significant disconnect between elevated valuations and only modest economic growth means risk assets are vulnerable to a deterioration in sentiment so investors should also maintain some defensive positioning.

  • 2020 Outlook

    White papers

    Spectrum Asset Management Outlook for 2020

    2020-01-21T15:26:00Z

    Some macro risks—such as Brexit—appear to be de-escalating, but uncertainties continue; trade war negotiations are likely to overhang sentiment into the United States election.

  • EMD in 2020 - A year of %22alpha,%22 and the return of the %22political economy%22

    White papers

    EMD in 2020: A year of “alpha,” and the return of the “political economy”

    2020-01-21T15:17:00Z

    As we end another tumultuous year for emerging markets (EM), it’s a good time to pause and reflect on what the start of the third decade of the 21st century holds for emerging market debt (EMD) investors.

  • Case for GDI – A Diversified Approach to Risk-Adjusted Income

    White papers

    Case for GDI – A Diversified Approach to Risk-Adjusted Income

    2019-11-15T13:27:00Z

    Seeking to maximize income per-unit of risk with a dynamic, multi-asset multi-manager solution. The theme of late-cycle volatility, spurred by geopolitical tensions and slowing global growth, has been well documented. Low global interest rates continue to present challenges to meet income needs and control risk.

  • Investing in an era of heightened risk velocity

    White papers

    Investing in an era of heightened risk velocity

    2019-10-07T12:31:00Z

    For investors navigating current market conditions—an environment where a single tweet can change the market direction and momentum—it is not just the risks themselves that are challenging but also the elevated pace at which risks can move from peripheral threats to portfolio impacts. We call this “risk velocity.” This paper explores the primary drivers for this phenomenon and potential asset allocation implications.

  • Strategic Relative Value – Q4 2019

    White papers

    Strategic Relative Value – Q4 2019

    2019-10-01T08:39:00Z

    A quarterly look at how macro events are driving relative value around the globe.

  • Initial repercussions of U.K.'s new prime minister

    White papers

    Initial repercussions of U.K.'s new prime minister

    2019-08-16T14:44:00Z

    In the first week that Boris Johnson became Prime Minister of the United Kingdom, the Pound Sterling fell by 3.0% against the U.S. Dollar and the odds of a messy no-deal Brexit rose sharply.

  • Strategic Relative Value Q2 2019

    White papers

    Strategic Relative Value Q2 2019

    2019-07-10T15:34:00Z

    A quarterly look at how macro events are driving relative value around the globe.

  • Q&A with Damien Buchet - June 2019

    White papers

    Q&A with Damien Buchet - June 2019

    2019-06-04T15:41:00Z

    What is the main objective of Finisterre’s EMD Total Return strategy?

  • Redefining Value: A Modern Definition

    White papers

    Redefining Value: A Modern Definition

    2019-05-23T14:10:00Z

    Performance leadership in the decade long U.S. equity market cycle is and continues to be growth stocks. Value has significantly underperformed for several years. Principal proprietary factor timing models signalled an opportunity for value exposures in December and we believe it is time to discuss portfolio implementation to take advantage of the potential value opportunity.