Latest Manager Research – Page 370
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White papersA View of the Private Equity Environment
Anthony Tutrone, Global Head of Alternatives, looks at private equity valuations through crises and the investment environment looking ahead.
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White papersECB QE Monitor - March 2020
March 9 2015 (decision to purchase €60 bn of assets per month until Sept. 2016), December 3 2015 (decision to extend the QE it until March 2017), March 10 2016 (decision to increase monthly purchases from €60 bn to €80 bn from April 2016) December 8 2016 (decision to ...
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White papersMarket weekly – Quality will withstand volatile equity markets
Senior investment strategist Daniel Morris and Guy Davies, Chief Investment Officer active equity strategies, discuss the outlook for equity markets.
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White papersVolatility Update: Swings in Sentiment Keep Volatility Levels Elevated
Derek Devens, Neuberger Berman Option Group Portfolio Manager, talks about continuing volatility, the factors that could steer it one way or another and the potential implications for Options investors.
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White papersHow will dividend stocks respond to COVID-19?
The volatility fueled by the coronavirus outbreak is reminiscent of prior periods of market stress in which investors worried that dividend-paying companies would decrease or suspend their payments.
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White papersCoronavirus and market implications: what’s next?
As the coronavirus continues to spread around the world, so too does economic uncertainty and global financial market volatility. Watch the latest views from Brian Nick, Chief Investment Strategist, about how to navigate this environment and what to expect.
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White papersWhat’s the opportunity in retirement living?
We look at the investment case behind retirement living communities in the UK against a backdrop of low yields in global commercial real estate.
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White papersRisk Parity and the Fallacy of the Single Cause
Were risk parity strategies really the cause of the recent correlated stock and bond market sell-off, or one of its victims?
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White papersProtective and Proactive
Liquid alternatives and private market investors are proving their worth during the current turmoil.
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White papersSDG Engagement Equity Strategy update: April 2020
The Hermes SDG Engagement Equity Fund aims to balance positive impact through engagement while enhancing long-term shareholder returns.
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White papersEuropean Fixed Income Market Update
In this video, Investment Grade European Fixed Income Head, Patrick Barbe provides an update on current conditions across bond markets, explaining what he believes marks an important turning point in the current situation.
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White papersPlaying The Possible Sequence Of Market Normalization Gradually And Selectively
As the Covid-19 virus spreads, investors can assess the potential sequence of market opportunities that will emerge from the crisis. The perceived features of the cycle of the coronavirus and the effectiveness measures taken locally to contain it are starting to drive allocations. A new market theme of Covid-19 de-synchronisation is emerging, a typical example being the long Asia.
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White papersWill COVID-19 lead to sustainable change?
The COVID-19 pandemic has led the world into the largest social distancing experiment in history. A USD 2 trillion US government stimulus programme and US Treasury yields below 1% are all the result of the crisis. In addition, oil prices have fallen to below USD 20 a barrel as demand destruction has exacerbated the effects of a collapse in OPEC’s pricing policy. Will the world go back to ‘status quo’ when we exit this dislocation? Probably not. We believe the learnings from the ‘go-remote’ experiment are here to stay. The implications for the future of energy, real estate, work, education, health care delivery and so forth are vast.
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White papersIn Praise of Dollar Dominance
This crisis would likely be much worse without its conjurers at the Fed.
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White papersPolicy Makers Keep the Pedal to the Metal
Record-high initial claims show lingering unemployment pains, the oil deal spurs trading and governments continue incubating new fiscal stimulus packages to keep the global economy alive.
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White papersSignificant risk transfer (SRT) credit opportunities
Apart from very specific parts of the SRT market, such as social housing and capital call facilities, most SRT deals are exposed to corporate or consumer risk. We expect defaults to spike in the short term in most transactions, with greater variability in corporate deals than in consumer deals.
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White papersCovid-19 Special Update: Logistics & Offices Resilient
As economists adjusted their economic growth forecasts down, it seems inevitable that most leading European economies will enter recession in 2020. To place the current uncertain situation in a relative context, we present three different scenarios:
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White papersA Lot Of Bad News Already Priced In US Assets: A Gradual Approach To Exploit Market Dislocations
The US economy has entered a recession, induced by the social distancing and quarantining measures introduced to tackle the pandemic crisis. To monitor how deep the recession will be, we use both traditional macroeconomic data (eg, weekly retail sales, jobless claims) and big data (e.g., dining out, travel and box office sales, travel numbers and google searches for ‘recession’ and unemployment statistics). Both sets of variables suggest an unprecedented collapse in domestic demand.
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