Latest White Papers – Page 2
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White papersEU risk retention rules – implications for US securitised credit investors
The European Union Securitisation Regulation (EUSR) took effect in 2019 (concurrently with an equivalent UKSR framework for UK investors). EUSR imposes compliance obligations on many EU-regulated entities, including UCITS (Undertakings for Collective Investment in Transferable Securities) funds, which invest in securitised assets.
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White papers2026 Fixed Income Default Study: Proprietary analysis conducted by our dedicated team of career credit analysts
We’ve just published our 2026 Fixed Income Default Study covering global high yield, Asia and emerging markets.
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White papersEvergreen Private Equity Investing: Key Benefits of a Direct, Multimanager Approach
An expanding array of evergreen funds now aims to deliver continuous private equity exposure with lower barriers to entry. But not all approaches are created equal.
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White papers2026 Investment Grade Private Credit: Annual Review and Outlook
Investment grade private credit enters 2026 with steady supply and healthy investor demand, creating a constructive yet selective outlook. Elevated rates and shifting sector dynamics underscore the need for disciplined underwriting and a focus on risk-adjusted opportunities.
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White papers2026 Emerging Market Debt Outlook: Strengths Endure
For all the shifts in macroeconomic risk factors that swayed market sentiment last year, most credit markets delivered on expectations for carry-driven returns in 2025. Emerging market (EM) debt was an exception, recording strong excess returns in addition to carry driven by supportive market technicals along with fundamentals that have withstood macroeconomic risks.
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White papersAbsolute return bonds for an uncertain world
In a world where economic uncertainty and unpredictable inflation mean visibility on central bank policies is poor, investors are searching for strategies that can deliver consistent returns while protecting capital. Enter the global absolute return bond strategy – a flexible, dynamic investment approach that’s suited to the current environment.
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White papersIn Credit Weekly Snapshot – Enough is enough
The Japanese yen was in the spotlight this week, with the exchange rate prompting ‘verbal intervention’ by the US and speculation that physical intervention – from both the US and Japan – will follow. Read on for a breakdown of fixed income news across sectors and regions.
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White papersHow US midterm elections affect the markets
With everything happening in the world — from the US push to annex Greenland, to new tariffs against Europe, to military intervention in Venezuela — investors may not be focused on the US midterm elections just yet. But this pivotal contest is just 10 months away, and the campaign starts in earnest next month when President Donald Trump delivers the State of the Union Address.
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White papersGeopolitics, tariffs and market volatility
Markets were volatile in the past few days following a weekend escalation centred on President Trump’s threats to impose additional tariffs on eight NATO members unless the US was allowed to purchase Greenland from Denmark.
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White papersGeopolitical swings in the spotlight in Davos
The global equilibrium is evolving, particularly amid significant geopolitical shifts that are causing increased volatility in financial markets. President Trump’s threat to impose additional tariffs on eight NATO members — unless the United States were allowed to purchase Greenland from Denmark (a threat that was withdrawn a few days later) — initially caused a short market sell‑off, followed by a relief rally last week. Meanwhile, the European Parliament voted to suspend ratification of the EU‑US trade deal, which would otherwise have come into force on 7 February. This does not mean the deal is dead, but that Europe is adopting a ‘wait‑and‑see’ approach.
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White papersFrom hazard to value: turning climate science into financial insights
Climate risk is now a strategic priority: Climate risk is shifting from a peripheral concern to a core strategic priority. Volatile extreme weather, tightening regulation, and rising scrutiny around resilience are reshaping investment expectations.
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White papersJourney to the Center of Additionality
Roughly 1½ years ago | visited forests in the Northern part of Finland with a client. After walking for just a quarter of an hour we saw two grouses, a hare, and heard plenty of birds singing. Suddenly our guests spoke out: “there is so much more biodiversity here compared to our planted forests.”
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White papersCould biodiversity become the next inflation hedge?
Real assets have moved back to the centre of institutional portfolios. After a decade in which financial holdings dominated asset allocation, investors are once again prioritising funds with physical underpinnings, long duration and the capacity to preserve real value through volatile market conditions.
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White papersU.S. Fixed Income: Policy-Driven Opportunities Emerge
Amid the administration’s flurry of affordability-targeted policy initiatives, bond investment opportunities are emerging.
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White papersFactors to watch in 2026: AI, geopolitics and credit stress
There are several factors in play which investors need to monitor closely this year. Geopolitics will likely dominate the discourse as will expectations over the potential of artificial intelligence and the continued stability of credit markets. Despite the uncertain backdrop, we believe the global economy and central bank policy will remain supportive for markets.
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White papersUnderstanding ETF currency hedging: Why it matters, how it works and real-world examples
In an increasingly interconnected financial world, investors routinely allocate capital across borders, seeking diversification and growth opportunities. However, investing internationally and holding assets denominated in currencies other than the home currency exposes portfolios to currency risk.
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White papersCapMan Natural Capital – shaping the future of European natural capital investments
CapMan Natural Capital is a specialist natural capital asset manager focused on sustainable forestry investments across Europe. The investment team acquires and actively manages forest and land assets at scale with the objective of delivering long-term, risk-adjusted market returns alongside measurable environmental outcomes, including climate benefits and biodiversity enhancement.
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White papersQ4 2025 repo update
In the fourth quarter of 2025, fiscal risks took precedence over monetary policy moves which, due to clear forward guidance, didn’t offer many surprises. In the UK, much of the final quarter was dominated by Budget leaks and speculation, as the Government prepared it over a period of 12 weeks.
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White papersFixed Income Investment Outlook: 1Q 2026
After a generally stellar year for fixed income, 2026 looks more demanding, with fewer rate tailwinds and tight spreads putting a premium on security selection and global diversification, particularly as tail risk rises.
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White papersAsset Allocation Committee Outlook: 1Q 2026
The Asset Allocation Committee (AAC) continues to see opportunity in growth and risk assets over the medium term, even as elevated risks and increasingly divergent policy paths make the investment landscape more complex. We believe this environment rewards disciplined, selective risk-taking.
