Content (137)
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White papersETF spectrum: Aligning active options
ETFs are no longer just index trackers: today’s market spans traditional passive, systematic active, fundamental active and option-overlay strategies – so investors must look past the label.
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White papersActive ETFs: Expanding choice with active management
Assessing how active ETFs provide flexible, transparent tools for navigating today’s more complex markets
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White papersNavigating CLOs: Opportunities in AAA-rated tranches
Exploring the evolving role of AAA CLOs and their growing accessibility through ETF structures
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White papersEmerging markets fixed income: Past, present and future
Over the last decade, emerging market (EM) sovereign and corporate hard-currency debt outstanding has grown significantly, with just over half of it rated investment grade. Over the same time period, EM local currency debt for sovereigns and corporates has grown to become the dominant segment of EM debt.
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White papersCharting new currents: Top 10 with… Interview with Joe Sciortino on private credit
Amid tighter regulation, macroeconomic uncertainty, and changing bank appetites, investors are increasingly looking to private credit for stability and opportunity.
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White papersAlternative realities: Behind the headlines of the private markets megatrend
Alternative investments have transitioned from peripheral allocations to central pillars of institutional and private wealth portfolios. Amid persistent inflation, rising interest rates, and global uncertainty, investors are questioning the viability of traditional 60/40 portfolios. The shift is driven by the need for diversification, durable yield, and reduced reliance on public markets. Structures like multimanager platforms, evergreen formats, and curated fund-of-funds are enabling broader access. Private market AuM reached USD 11.7 trillion in mid-2022, with private wealth expected to contribute up to USD 1.3 trillion by year-end. The focus is now on how best to allocate, not whether to do so.
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White papersHow to construct an alternatives portfolio - Beyond 60/40: Building resilience through diversified alternatives
For decades, the 60/40 portfolio – 60% equities and 40% bonds – was the cornerstone of wealth management. Yet, the traditional model is facing significant headwinds. Changing macroeconomic conditions, inflation uncertainty, and shifting equity-bond correlations have all eroded the reliability of this approach. In this context, alternative investments are gaining attention as a potential complement to traditional strategies.
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White papersEurope Edition: A crossroads
Henry Kissinger famously asked, “Who do I call if I want to speak to Europe?”. While Europe has clearly made strides since Kissinger’s provocative jibe, many of the underlying challenges remain. One currency, but 27 underlying markets across a whole swathe of industries and sectors – with fragmented infrastructure, regulation and legal structures.
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White papersNothing Burger: The Drivers Behind US Cattle Herd Size Stagnation
Since the United States Department of Agriculture (USDA) started publishing US cattle herd size data in 1973, a persistent downward trend has been present through time with only a few local peaks. In fact, as of the end of 2024, the US cattle herd size reached the lowest level on record and is more than thirty-percent smaller than the peak size it reached in 1974, and only four-fifths of the average size from 1973 to 2024 despite rising cattle prices over the same period. Cattle herd size is cyclical, with a typical cycle length of about ten years.
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White papersMacro Monthly The Fed: Now and Later
It’s not easy to be Chair Powell – or any Federal Open Market Committee member – right now. Tariffs and slower immigration have put the dual mandate in tension, forcing judgment calls about how to balance labor-market downside against inflation and inflation expectations upside. At the same time, intense pressure from the Trump administration to ease aggressively – including threats and actions to remove FOMC members – raises risks to individuals in the near term and, over time, to the institution’s independence and credibility.
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White papersOil and gas: The case for higher returns
Oil and gas companies have historically delivered modest returns despite a favorable environment – averaging just 10% over 30 years. Now, rising political volatility, climate litigation, and competition from clean technologies have increased the risks for the sector. Yet, companies are targeting the same returns. Investors must demand more.
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White papersUnified Global Alternatives – Hedge Fund Bulletin: Monthly Hedge Fund Update – July 2025
Risk assets produced mostly positive performance in July as investors focus shifted towards constructive earnings, strong inflows from both retail and professional communities, as well as a softening in early month factor rotation pressures. The Dow Jones Industrials, S&P500 and the NASDAQ had positive performance. In Equity / Hedged, US Equity Hedged strategies produced mostly positive returns.
