Latest Manager Research – Page 66
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White papers7 reasons why U.S. exceptionalism is only being challenged, not overtaken, by Europe
Europe’s recent market outperformance reflects a shift from tactical value plays to more fundamental drivers, led by Germany’s fiscal pivot. However, structural challenges, limited fiscal headroom, and rising external risks—like U.S. tariffs and a potential U.S. slowdown—suggest that European momentum may prove fragile. Despite Europe’s progress, U.S. exceptionalism in innovation, deregulation, and long-term growth remains firmly in place.
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White papersThe new real estate cycle: How changed perceptions will be consequential
Global disruptions, technology advancements, and evolving investor perceptions are reshaping opportunities in the new real estate cycle. Learn about the vital role of private capital in driving economic growth and reimagining urban spaces.
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White papersSwap spreads: analysis, challenges and outlook
Swap spreads, key indicators of liquidity stress and risk aversion, play a crucial role for insurers. Beyond measuring price differentials between sovereign and corporate bonds, they directly influence hedging decisions, asset-liability management (ALM) strategies and insurer returns under Solvency II.
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White papersWhen geopolitics meets innovation – China’s DeepSeek raises stakes in AI arms race
The emergence of China’s DeepSeek has disrupted the AI landscape and challenged the prevailing narrative about the dominance of the US in this rapidly evolving technology. But could this breakthrough reshape the competitive world of AI – and create potential opportunities for investors?
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White papersA new era? From US exceptionalism to exceptional European value opportunities
After years of being overshadowed, European equities have outperformed their US counterparts this year. As US exceptionalism appears to be waning, investor confidence towards Europe has become more positive. We ask whether this shift could signal the start of a new era for Europe’s stockmarkets.
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White papersDon’t be fooled by the headlines, credit still looks good
Despite the headlines, this remains a positive environment for credit.
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White papersFive factors to watch in multi-sector credit
While uncertainty remains high, the current macroeconomic environment has created a supportive backdrop for multi-sector credit, with yields likely to remain elevated as inflation lingers above central bank targets. Looking further out, our data suggest we should continue to expect positive growth and slowly falling inflation.
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White papersExpecting the unexpected with more robust bond portfolios
2025 was widely expected to be a good year for bonds. The US economy seemed to have found a floor, inflation looked to be contained, and interest rates had a long way to fall. The combination of high yields and capital appreciation from falling rates was, if a bit simplistic, a reason to be excited about the outlook for compelling total returns. But 2025 is looking increasingly like it will be anything but simple, writes Olivier De Larouziere.
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White papersRelative Value & Tactical Asset Allocation – Q2 2025
Tariffs and trade policies can produce global growth volatility through direct economic effects and investment decisions, which could then translate into global financial market volatility. This could potentially add consumer stress and even impact consumers in the higher-income cohorts who have been less impacted by ongoing, above-target, inflation.
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White papersThe cascade effect of DeepSeek
An examination of DeepSeek’s success and how we believe it energizes Chinese innovation and changes the future of the global AI race
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White papersO’Connor Global Multi-Strategy Alpha Monthly Letter: Trading, tariffs and tension
Trading, tariffs and tension
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White papersMind the underinvestment gap: Shaping the UK’s future through private markets investment
With decades of underinvestment in UK real assets – from housing to healthcare and infrastructure – investors can tap into the opportunity to drive regeneration and growth. Taking a holistic approach to local investment could maximise social outcomes and create value for communities and investors.
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White papersManaging health and care for sustainable performance
The European healthcare sector remains increasingly popular: being more defensive thanks to its long-term demographic drivers, the healthcare sector has always been a meaningful and defensive diversifier in a multi-asset portfolio. Despite a combination of headwinds related to rising interest rates and some operator’s issues, capital value dynamics have diverged across countries and subsectors of health and care.
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White papersCentral and Eastern Europe: long-term growth driver for the entire EU area
In the 2000s, Eastern Europe was a successful region of Emerging Markets. A kind of gold rush attracted many investors to these markets. The region was hit hard by the financial crisis of 2008, but the investment story was not yet written off. It was only political changes, such as the Caucasus war of 2008, the annexation of Crimea in 2014 and, ultimately, the war in Ukraine in 2022, that made this region almost uninvestable for many investors.
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White papersEmerging markets private credit: an attractive, alternative approach
With the private credit industry growing at pace, Mihai Florian, EM Debt Senior Portfolio Manager at RBC BlueBay, explains why EM corporates are in a stronger position than their DM peers and why a long, established track record in EM investing is key to understanding this nascent asset class.
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White papersAt a time of rapid global change, what does Asian EMD offer investors?
Once considered a niche of a niche, emerging market debt has come to the fore as a way to access the world’s most dynamic region. Here’s where we see the opportunity
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White papersThe future of investment in seniors housing
As financial markets grow increasingly complex and data-driven, alternative asset managers must continuously innovate to maintain a competitive edge. This evolution is particularly important in the Seniors Housing sector, where demographic trends, operational challenges, and regulatory requirements require sophisticated investment strategies.
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White papersAlternative Credit: The diversification benefits of bank originated assets
The investment landscape has transformed dramatically over the past decade, and the role of private credit in institutional investor portfolios has moved from a satellite investment to a core portfolio allocation, playing an important role within a new, uncertain macro environment. Not only have institutional investors continued to increase allocations to private credit, they are also actively looking to diversify within this asset class - seeking solutions which address specific portfolio goals, in addition to providing access to idiosyncratic factors and potential for robust risk return profiles.
