Latest Manager Research – Page 232
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White papersEuropean Politicians Fuel Support for Energy Bills
European policymakers are battling energy prices ahead of winter, while a tight U.S. labor market and elevated CPI data next week should keep the Fed hawkish before November rate hike decisions. In China, will credit growth support the economy and a pickup in internal demand?
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White papersCLOs: Up in Quality
Against a challenging macro backdrop, CLOs look attractive given the strong structural protections and incremental yield on offer—but there is a case to be made for staying up in quality.
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White papersESG Viewpoint – Can mining be a responsible investment?
Its environmental and social impacts can make mining hard to square with a responsible investment approach. As the world shifts away from fossil fuels – a move that increases demand for ‘transition metals’ – we explore the need to think again.
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White papersCross Asset Investment Strategy - October 2022
Geopolitical risks, inflation and hawkish central banks translate into a cautious stance on risk assets such as credit, in which, a deceleration in growth (and its impact on earnings) could create concerns over cash flows and liquidity, especially for the lower rated companies. Hence, we prefer US IG and are defensive on HY.
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White papersInvestment Opportunities in Private Commercial Mortgage Investments
At approximately $5.2 trillion, just over half the size of the U.S. corporate bond market, the U.S. commercial mortgage market is home to a variety of attractive investment opportunities.
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White papersCapital Commitment
Over ten trillion dollars are allocated to private market funds that require outside investors to commit to transferring capital on demand; most of these funds are Private Equity (PE). We show within a novel dynamic portfolio allocation model that ex-ante commitment has large effects on investors’ portfolios and welfare, and we quantify those effects.
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White papersWhat role can renewables play in strengthening Europe’s energy security?
Winter threatens to bring the first severe European energy crisis in decades. As leaders grapple with potential solutions, renewable energy capacity is in the spotlight.
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White papersThe Meeting Room: Asia ex-Japan, September 2022
Join Jonathan Pines and Sandy Pei for the latest Federated Hermes Meeting Room: Virtual Portfolio Briefing on Asia ex-Japan.
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White papersMarkets on edge despite Bank of England intervention
Sweeping UK government tax cuts sent shockwaves through financial markets as investors and economists queried the wisdom behind the plan.
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White papersAPAC Hospitality Recovery Race – Singapore leads into first corner, Japan set to accelerate
Post-Covid-19 recovery is beckoning in the hospitality sector in Asia Pacific. Among the region’s developed countries, the recovery race is being led by Singapore, which hosted the Formula 1 Grand Prix last weekend, with Japan just starting its engines. We explore why both hospitality markets should deliver rapid growth over the next few years
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White papersExpectations of Fed pivot begin to gain traction
Central banks have tightened policy aggressively this year in a bid to quell inflation, but concerns are growing about how much further they can hike borrowing costs in the face of slowing growth.
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White papersAchieving absolute return with green energy credit
In Preqin’s ‘The Future of Alternatives in 2027’ report, Scott Lawrence, Partner at Glennmont Partners from Nuveen, recently discussed how clean energy managers with local presence, experience, and technical asset knowledge will be best positioned to capitalize on Europe’s increased demand for clean energy project financing.
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White papersFixed income investing: the active advantage, in times of interest rate sensitivity
Active fixed income strategies may offer investors numerous advantages over passive index strategies, providing enhanced risk-adjusted performance potential. Investors are still seeking risk-managed returns in the current high inflation and rising rate environment, and we believe active management for fixed income can better help investors pursue their goals.
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White papersPolicy Excesses and Market Discipline
We are seeing bond investors standing up for themselves against policymakers, and while equity investors are experiencing pain from this struggle, the end result may be a more sustainable, fundamentals-based market.
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White papersEconomic and Market Review: Key Considerations for Equity Investors
We put out a cautious Equity Market Outlook three months ago, and after a quarter of worsening economic data and inflation trends we are now even more focused on low beta and high earnings quality.
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White papersAmundi Pension Funds Letter - Special Edition: UK LDI Crisis
Given the yield increases at the announcement of the UK accommodative mini-budget a week ago, pension schemes suffered a massive liquidity crisis related to their leveraged LDI strategies. This drove the Bank of England to temporarily halt Quantitative Tightening.
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White papersSDG Engagement High Yield Credit
In our latest report we examine how the team has made progress towards creating genuine, real-world change through its engagement with portfolio companies.
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White papersAccessing CLOs: risk, return and liquidity considerations
Outlines how to access and invest in the CLO market Compares open-end vs. closed-end CLO fund structures and single-manager and multimanager CLO approaches
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White papersChina: This Time is Different
The Chinese economy is facing its hardest test in over two decades, and it will not come out of it easily.
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White papersPrivate credit investing: Whatever the weather
The search for ‘all weather’ asset classes that can reliably deliver income and returns in an inflationary, higher rate environment and protect capital in more challenging markets is perennial. Discover how the dynamic and diversified private credit asset universe could offer relative resilience compared to traditional asset allocations.
