All Europe articles – Page 66
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White papersEarnings Kick Into Gear as Brexit Drama Heightens
With 34% of the S&P 500 reporting earnings, so far profits aren’t as bad as expected; risk of a no-deal Brexit recedes and positive signs from the U.S.-China Trade War.
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White papersAre Private Equity Blowouts Good for Stock Investors?
There’s growing evidence that private equity markets are beginning to overheat after several high-profile IPO flops. Investors in stocks should pay attention because private funding troubles are also a very public market affair.
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White papersThe Real Story Behind the CMBX.6: Debunking the Next "Big Short"
The CMBX.6 has become such a popular short by speculators placing bets on mall closings that it has been profiled in the media as the next “big short.” But the narrative of the dying regional mall conceals other realities. In fact, the American mall is evolving to meet modern consumer demands. And thanks to the specific property composition of the CMBX.6, the loan losses in its collateral pool will likely be modest. As a result, returns on the CMBX.6 are likely to be far higher than short sellers expect.
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White papersPositioning Across Asset Classes as Global Risks Mount
As global economic growth enters a period of likely protracted weakness, investors should revisit their exposures. From a multi-asset perspective, focus on surprisingly resilient high-yield credit and higher quality equities, while reducing exposure to parts of the market that are most vulnerable to trade tensions.
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White papersStructured Credit: Engaging Risk Tactics
Deal flow remained steady in Q3, keeping primary market spreads range-bound. Against a backdrop of low global interest rates, we have seen increasing investor interest in European CLOs.
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White papersBuilding Your DGF for the Journey Ahead
Too many Diversified Growth Funds (DGFs) have left UK investors disappointed with performance. In this paper, we show how a DGF can be designed with clear objectives, constructed using guidelines that are genuinely outcome-oriented, and then managed to achieve its objectives.
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Asset Manager NewsOrchard Street completes repositioning of West London industrial assets, doubling rental income
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed 12 separate asset management initiatives across 150,000 sq ft of multi-let industrial accommodation at its 215,000 sq ft West Drayton, London estates. As a result, both the contracted rental income and average lease lengths have more than doubled over the last 18 months.
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White papersItaly: Few Ambitions From The New Budget Framework
On 30 September the newly formed Italian government released an update to April’s Economic and Finance Document, with new fiscal plans for the years 2019 to 2022 and changes to the underlying economic assumptions.
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White papersQuarterly update on drivers in real assets - Q3 2019
In our regular update on drivers in real assets, we assess the impacts of a possible downturn in the euro zone. We touch on cash generation, the valuation outlook and the significance of security and ranking in the capital structure.
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White papersCore Matters Investment Returns: A 5-year perspective
2019 has seen huge inflows into Fixed Income (FI) funds and outflows from Equities. From a medium-term return perspective this makes no sense. The formidable demand for safe assets reflects cyclical and structural forces (e.g. ageing). No matter the economic scenario, FI returns over the next five years are ...
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White papersResearch Blast - Italian real estate market – October 2019
The relation between Italian government bond rates and the local real estate market
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White papersLiquidity Dilemma Needs A Regulatory Response
A few high-profile fund suspensions have recently driven the focus back to market liquidity and how this can affect the ability of funds to meet certain redemption scenarios. Despite ample liquidity at the macro level, some areas of strain remain at the micro level and could worsen in case of a material deterioration of economic conditions, a recession or a spike in volatility.
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Asset Manager NewsPATRIZIA forecasts residential investment resilience despite geopolitical volatility
PATRIZIA AG, the global partner for pan-European real estate investment, has launched its 11th PATRIZIA INSIGHT study on the European Residential Markets. The findings show that despite today’s more volatile geopolitical and economic environment residential investment is forecast to continue offering resilient returns for investors. Total unlevered returns of between 5% to 6.5% per annum are expected over the next five years, of which 2.5% to 3.5% is expected to be income.
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White papersLondon: The ultimate city of the future
The rise of the knowledge economy has energised cities which have reinvented themselves as global knowledge capitals, of which London is a prime example.
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Asset Manager NewsTwo years running PATRIZIA wins key MSCI award for PanEuropean fund
For a second, consecutive year PATRIZIA, the global partner for pan-European real estate investment, has won the MSCI award for ‘Best Performing Balanced Fund in the PEPFI Index’ for The PanEuropean Property Limited Partnership (‘PanEuropean’), which has again achieved the highest three-year NAV-level performance versus its peers. Launched in 1973, the fund targets net returns of 6%, but continues to significantly outperform by delivering a three-year annualised return net to institutional investors of 11.2% (as at 30 June 2019).
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Asset Manager NewsPATRIZIA, Cognotekt and EVANA to build cutting-edge industry platform
PATRIZIA AG, the global partner for pan-European real estate investment, announces that it has acquired a strategic stake in Cognotekt, a Cologne based artificial intelligence platform that has developed a unique technological approach for state-of-the-art Natural Language Processing. This method translates written text into mathematical formulas to classify documents and extract data with higher accuracy than common AI solutions.
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White papersDespite the rise of cross-border distribution, domestic funds continue to have a bright future
Unabated support and growth in Cross Border funds
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White papersForecasting Combination: An Application For Exchange Rates
This paper tries to forecast exchange rates by comparing forecasting methods that take into account cointegration and methods that do not. The first finding is that taking into account cointegration provides better forecasting results.
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White papersBrexit: Extension Of The Deadline Is Likely, But The Final Outcome Remains Uncertain
Recent developments and next steps: Early this month, the UK Parliament passed a motion instructing the Prime Minister (PM) Boris Johnson to request an extension of the Brexit deadline by 19 October, and rejected the PM’s request for elections before 31 October (the current Brexit deadline).
