Latest Manager Research – Page 36
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White papersIn Conversation – Real assets: shaping a greener future for Europe
Investment in real assets – from renewable energy projects and energy-efficient buildings to battery storage and forests – plays a vital role in the energy transition. Here, our experts examine how macroeconomic uncertainty is affecting this area and look at the trends supporting growth in private financing.
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White papersWitnessing India’s Transformation
A recent visit reaffirmed our conviction as to the pace of change in this key economy.
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White papersConfounding returns: The mysterious case of the US dollar
The weakness of the US dollar this year has been unexpected as tariffs were widely expected to lead to the dollar strengthening. Tristan Hanson, Multi Asset Fund Manager, explores the factors that determine currency movements, from capital flows to interest rate differentials. While bearishness about the US dollar has increased, he suggests investors should be appropriately sceptical of the stories used to explain exchange rate movements.
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White papersSoaring to new heights Top 10 with… Interview with David Kozlicki
The real estate market has experienced significant changes in recent times, with many investors seeking innovative strategies to enhance their portfolios.David Kozlicki, Head of Unified Global Alternatives (UGA) – Real Estate, discusses how the business is responding to these shifts by offering diversified investment opportunities, adaptive solutions and strategic partnerships. By leveraging their global reach and expertise, how does UGA – Real Estate aim for optimal asset control and sustainable growth in a volatile market?
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White papersTop 10 with… Interview with David Kozlicki
The real estate market has experienced significant changes in recent times, with many investors seeking innovative strategies to enhance their portfolios.David Kozlicki, Head of Unified Global Alternatives (UGA) – Real Estate, discusses how the business is responding to these shifts by offering diversified investment opportunities, adaptive solutions and strategic partnerships. By leveraging their global reach and expertise, how does UGA – Real Estate aim for optimal asset control and sustainable growth in a volatile market?
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White papersUS dollar slide pauses amid US-Japan deal
The dollar fell by around 10% this year, as on 22 July, mainly due to uncertainty over President Trump’s trade policies and concerns over US debt and fiscal deficit. Issues like the political pressure on the Fed to cut rates aggressively have also weighed on sentiment.
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White papersPrivate capital in Europe – A €3 trillion investment super-cycle
An ‘existential challenge’ is how the 2024 Draghi report on European competitiveness described the need for structural measures to improve Europe’s economic growth, putting the investments that this would require at around 5% of the region’s GDP. Paul-Francois Prouvost and Karen Azoulay highlight the role of private capital in this investment drive.
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White papersPublic Engagement Report Q2 2025
The Q2 Public Engagement Report from EOS at Federated Hermes Limited explores key challenges and opportunities for the automotive sector, the growing threat posed by AMR, and trends from the North American and European voting seasons.
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White papersA tech transformation for China?
Despite lingering concerns over its property sector, recent data from China suggests the world’s second largest economy is weathering the tariffs storm, helped by a burgeoning tech sector.
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White papersJapan: Opportunity Trumps Politics
The U.S. trade deal will further support improving economic fundamentals in Japan, which underpin our constructive equity positioning on the country. Recent political developments and volatility in the government bond market are unlikely to change our long-held view.
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White papersDiversifying direct lending portfolios through sponsor-less lending
The landscape for direct lending is crowded. Increased competition and limited buy-out activity have put lenders under more pressure to deploy. In navigating the challenges of a maturing asset class, investors may consider sponsor-less lending in the lower mid-market as a means of diversifying a portfolio and enhancing the potential for return.
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White papersUnified Global Alternatives – Hedge Fund Bulletin: Monthly Hedge Fund Update – June 2025
Risk assets produced mostly positive performance in June as investors demonstrated renewed focus on AI related themes, the easing of Middle East tension, as well as some market short covering across momentum factors. Expectations for a more dovish US Federal Reserve also provided a boost to market sentiment. The Dow Jones Industrials, S&P500 and the NASDAQ had positive performance. In Equity / Hedged, US Equity Hedged strategies generally produced positive returns.
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White papersWhy the construction of a Cashflow Driven Investment strategy is key
Within any portfolio, getting the construction right is an important element to ensuring that the objectives and aims are met. For Cashflow Driven Investment (CDI) strategies, this is particularly true given their long-term horizons and often tailored fixed income allocation.
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White papersRemaking the case for US SMID caps
Over the past 10 and even 30 years, SMID cap companies have quietly outpaced large caps in earnings growth. Yet, large cap indices have dominated headlines, driven not by superior growth, but by soaring PE ratios. In this note Hugh Grieves, Fund Manager of the Premier Miton US Opportunities Fund, takes a look at the overlooked power of SMID caps.
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White papersHealthcare Pipelines and Paychecks: A Formula for Assessing Executive Pay
Our research suggests that firms with sound executive pay practices yield healthier returns.
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White papersLooking beyond the headlines: Climate investing can unlock opportunities and diversifications
The election of Donald Trump may have been accompanied by significant media and political narrative around climate initiatives, but many institutional investors continue to assess the extent to which their portfolios are exposed to climate risk, or conversely, whether alpha opportunities exist in investing in companies providing solutions to climate risk.
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White papersPension funds themes for an era of geopolitical and policy shifts
Our short-term outlook for the second half of 2025 highlights significant shifts in the global rewiring of trade and financial markets, alongside historic changes in tariffs and fiscal policy. These developments carry important implications for long-term investors, particularly pension funds, for which we see three key investment themes.
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White papersSharing perspectives on a world in flux: Exploring retirement trends and geopolitical dynamics
In late June, an exclusive group of professionals from 17 pension funds from around the globe gathered ahead of the annual Amundi World Investment Forum. It provided participants with an opportunity to connect, exchange ideas and participate in discussions on the pressing issues facing the pension industry as we face a world in flux.
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White papersPension Funds Letter 24 - A rebooting world: Decoding the changing pension landscape
June marks the return of the annual Amundi World Investment Forum. As multiple conficting and contradictory global factors converge, this year’s event explored how these are resetting world dynamics and how investors can adjust.
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White papersWhy security is a durable investment theme
Against a backdrop of war in Ukraine and the Middle East, as well as a global trade war, nations are redefining their relationships with allies, rivals and trading partners to bolster their national security.
