Latest Manager Research – Page 47
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White papersNavigating Secondary Growth: Opportunities Beyond the Horizon
While secondaries have been one of the fastest growing segments of the private equity market for more than a decade, we expect that further demand for liquidity, along with renewed macroeconomic uncertainty and recent market volatility, will continue to create attractive opportunities for seasoned secondaries investors in the current environment.
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White papersWill the Current Economic Stalemate End in a Boom or a Bust?
U.S. consumers remain resilient, but business sentiment holds the key for the trajectory of future economic growth.
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White papersWhy should investors consider the secondary market for private credit opportunities?
Marco Busca, Head of Indirect Private Debt, Generali Asset Management - part of Generali Investments - explains why the secondary market elevates the benefits of private credit for institutional portfolio. He also introduces the recently launched Generali Private Credit Secondaries Fund, which aims to provide opportunities in a burgeoning market that targets both LP-led and GP-led transactions.
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White papersMacro brief: What could a China shock 2.0 mean for Europe?
High US tariffs make it more likely a bigger share of China’s industrial overcapacity finds its way to Europe. This would benefit European consumers by lowering inflation and boosting real incomes. But without any trade response from Brussels, it could squeeze domestic production and to counter that, targeted trade defence measures may be required.
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White papersNavigating the fog of tariffs in emerging market equities
We don’t pretend to have all the answers on China and the US, and we reserve the right to change our minds – especially as Donald Trump changes his. Amid such market volatility we are not making bold macro calls, instead our focus is on thoughtful, quality-led stock selection.
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White papersFiscal reckoning: When do bond markets blink?
The era of fiscal complacency may be nearing its end. From Washington to Tokyo, bond markets are showing growing sensitivity to rising sovereign debt levels.
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White papersWhat’s in store for financial markets in the second half of the year?
Despite a strong rebound in equities, ongoing inflation and policy uncertainty are likely to keep market volatility elevated in the second half of 2025. Investors are advised to stay diversified and focus on long-term, income-generating opportunities.
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White papersCutting through the noise: Three trends shaping impact investing
Impact investing has been shaped by various trends that have transformed it from a niche initiative to a mainstream strategy. Cut through the noise of headlines and buzzwords to find out what the three trends shaping impact investing today.
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White papersEquity Outlook – More wind in the sails
The imposition of tariffs by the Trump administration puts more wind in the sails driving the dominance of tech and related sectors versus the rest of the market.
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White papersIndustrial realignment: Trade, ports, and market shifts
The U.S. industrial real estate sector is undergoing a supply-chain-driven realignment: demand remains strong in modern, urban infill warehouses and for strategic manufacturing facilities (like semiconductors and EVs), while older and coastal port-linked assets face headwinds amid trade uncertainty. Skilled, location-specific asset selection is now key to capturing upside in this evolving landscape.
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White papersMay CPI report: Still bracing for impact
May’s CPI came in slightly cooler than expected—headline inflation edged up by just 0.1% in May (2.4% year-over-year), while core CPI remained steady at 2.8%—thanks to lower energy and travel costs. Despite this softness, tariff pressures are anticipated to roll through the data in coming months.
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White papersWho will benefit from deregulation?
U.S. deregulation efforts are concentrated in energy, industrials, and financials—with small-cap stocks poised to benefit most—while healthcare and environmental sectors may face headwinds. The deregulatory impact isn’t fully reflected in markets yet, offering potential upside for select sectors and smaller companies.
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White papersStock market outook: New growth catalysts amid volatility
As tariffs, trade wars and real wars upend the global economy, the path of equity markets remains uncertain heading into the second half of 2025.
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White papersMidyear fixed-income outlook: Strategic scenarios for bond investors
How will policy uncertainty and macro headwinds shape opportunities in fixed income?
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White papersStock market outlook: New growth catalysts amid volatility
As tariffs, trade wars and real wars upend the global economy, the path of equity markets remains uncertain heading into the second half of 2025.
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White papersJapan at the Crossroads: Navigating Trump 2.0 and tariff risks
The Trump administration’s second term has been marked by a renewed emphasis on bilateral trade deals, economic nationalism, and strategic use of tariffs as a tool of leverage. While the administration has signalled a desire for “quick wins” with key partners such as Japan, the underlying uncertainty surrounding the permanence and scope of tariffs remains a central concern.
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White papersThe Appeal Of European Net Lease To Non-European Investors
The global uncertainty created by U.S. tariff policy has unsettled financial markets and has cast a shadow on economic growth prospects. While the situation remains fluid with many moving parts, we believe that a corner of stability may be found in European commercial real estate, which has significantly repriced since market peaks in 2022, and where market fundamentals remain solid and macro–drivers broadly supportive. Defensive, income-oriented strategies – such as European Net Lease – can be especially interesting for non–European investors seeking stability, yield, and geographic diversification. This report sets out the rationale for that conviction.
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White papersA climate-driven investment approach
Increasingly our clients around the world have taken a critical interest in climate change and the energy transition to a low carbon world.
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White papersConstructing Investment Portfolios with Climate-Relevant Metrics: a multifaceted problem
The integration of climate-related signals within investment portfolios is becoming an increasingly mandatory requirement, as well as an expected practice, on the part of regulators and institutional investors respectively. In this paper, we illustrate the introduction of these metrics as optimization constraints, as outlined in Le Guenedal and Roncalli (2022).
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White papersPolicy divergences on display
“Policy decisions by global central banks are getting more nuanced, with the ECB staying on its rate cut path, the Fed in a wait-and-see mode, and the BoJ being the only major outlier.”
