Latest Manager Research – Page 80
-
White papersTop 10 questions on real estate markets for 2025
2024 was a year of recovery, with GDP rising across most countries and inflation moderating, albeit remaining volatile. Ultimately, the much hoped-for soft landing was achieved. Improved financial conditions and investor sentiment fed through to a slow pick-up in real estate investment activity. The easing of monetary policy in 2024 has resulted in the prolonged downturn coming to an end. However, we think that the conditions prevailing in the post-GFC era will not be mirrored, with interest rates set to remain elevated and above pre-pandemic levels. We think that 2025 will be a year of progress, as we turn the corner, but that economic and political uncertainties will remain.
-
White papersWhat does Trump 2.0 mean for Paris-aligned investing?
US President Donald Trump’s signal to withdraw from the Paris Climate Agreement for a second time is disappointing. The US reached peak greenhouse gas (GHG) emissions in 2007 and has been on a declining path since. While a second Trump administration could be viewed as – and is likely to be – a setback for the global decarbonisation effort, we should remember that this is a four-year election cycle, and the incumbent is now restricted to a single term in the White House.
-
White papersBeyond Consensus: Economic Perspectives for 2025
As we begin 2025, our team of economists in the Capital Strategy Research (CSR) team highlight areas where their outlook is different from consensus.
-
White papersPresident Trump: First week
Following the US elections, the initial market reaction reflected a sense of US exceptionalism, marked by rising equities and a stronger dollar.
-
White papersNotes From the Road: Investor Views at the Start of ‘25
We started this year by engaging in discussions with a large number of CIOs and allocators. In this short note, we reflect on key common messages that came out of those discussions, points of consensus and important open questions for the outlook.
-
White papersNavigating the Tides of Political Transition
As a new administration takes the helm, we believe investors should stay focused on the economic metrics, not political theatrics.
-
White papersA Choppy Start to a Year of Uncertainties
The first two weeks of 2025 perfectly illustrate why we see a wide dispersion of potential outcomes for the year, and advocate staying nimble and diversified.
-
White papersPrivate Equity and Rates, Part I: The Theoretical Framework
Why we think declining rates should raise private equity valuations, and help unblock deal activity and fund distributions.
-
White papersGoing long on permanent crops: long-term demand fundamentals of almonds and pistachios
Understanding the supply-and-demand fundamentals of tree nuts is critical for investors considering long-term investments in the agriculture sector.
-
-
White papersAsset Allocation Committee Outlook, 1Q 2025 - A Delicate Balance
“Overall, we anticipate a supportive backdrop for risk assets, as reflected in our broad asset-class views… The balance is delicate, however, and the risks are piled up on both sides.”
-
White papers10 Things Pension Schemes Should Know about Buy-Out
The UK’s defined-benefit pension schemes are financially stronger than they have been in years. Many sponsors and trustees are taking this opportunity to revisit their endgame. Should they transfer their obligations to an insurer in a buy-out transaction, or is the scheme better placed to run on, managing its own obligations?
-
White papersInvesting in Biodiversity
Markets to finance the protection, restoration and sustainable management of nature offer natural capital investors opportunities to improve biodiversity and generate a positive financial return.
-
White papersBrightening Capex: A Value Tailwind?
Global industrial activity appears to be gathering steam, potentially spurring capital expenditures, which could favor value stocks and small caps.
-
White papersCorporate Hybrids Take the World Stage—Revisited
The U.S. corporate hybrid market emerged as a competitor to Europe’s in 2024, creating alpha opportunities for global investors like Neuberger Berman.
-
White papersPrivate Equity and Rates, Part II: Do Rates Really Matter for Private Equity?
As the Federal Reserve embarks on a new rate cut cycle, we explore the long-term relationship between interest rates and private equity performance.
-
White papersA thematic framework for investing in the nature and climate transition
We’ve identified five broad investment themes that comprehensively address the challenges of climate change and nature loss.
-
White papersA balancing act: how can sustainably managed forests offer investment opportunities while protecting forestland and safeguarding biodiversity?
While the notions of natural capital and nature-based solutions are spreading amongst the investment community, the initial focus has been on a forest’s ability to sequester and store carbon. When it comes to forests as a solution to the biodiversity crisis, very few investors new to forestry investing know what sustainable forest management endeavours to achieve, and why it can indeed be one of the answers to safeguarding biodiversity.
-
White papersWhy engaging with companies on biodiversity matters more than ever
Human life and economic prosperity are dependent on the benefits provided by nature. Biodiversity loss puts the ecosystems upon which societies depend, as well as the global economy, at risk. Biodiversity loss also exacerbates global warming, meaning that preserving nature and biodiversity is a must for investors aiming to address climate change as the two threats are inextricably linked.
-
White papersTimberland - Resilience, opportunity amid economic uncertainty
The investment landscape as we enter 2025 remains colored by economic uncertainty, geopolitical risk, inflationary pressures, high interest rates, volatile capital markets, and the unknown future of global trade policy.
