Latest White Papers – Page 9
-
White papersRethinking traditional portfolios: The power of alternative investments
Investors have long considered a balanced portfolio of equities and bonds a cornerstone of prudent investing. The ‘60/40’ portfolio promised growth from equities in good times, while bonds provide income and protection if markets turn volatile.
-
White papersHedge funds: The Red Thread – Alternatives, Edition 2025/26
Despite recent data pointing to stagnating US labor demand and political impasses about elevated fiscal spending on both sides of the Atlantic, equity markets continue to march higher, while credit spreads remain firmly at historical lows. With most central banks appearing more dovish and with fiscal support well into 2026, recession odds seem muted.
-
White papersPrivate credit: The Red Thread – Alternatives, Edition 2025/26
Despite the sensational headlines, the fundamental outlook for the corporate direct lending strategy remains stable. Company earnings have generally been positive, as the borrower universe has shown high single-digit EBITDA growth alongside stable, healthy margins. Furthermore, as we peel back the onion, the credit profile of the underlying borrowers has also remained strong.
-
White papersPrivate equity: The Red Thread – Alternatives, Edition 2025/26
Heading into year-end, private equity investors have significantly more policy clarity than in H1 and it is mostly good news. A rocky tariff rollout in the US has created some winners (companies with limited exports, primarily home-country exposure and services) and losers, but increased clarity has undeniably helped markets.
-
White papersPension Funds Letter 25 - Dynamic thinking - A playbook for pension resilience
Endurance has been a watchword for markets in 2025. As we shift to a multipolar world, this new regime is being driven by innovation and defined by, what we are naming, “controlled disorder”. Despite repeated shocks, the tech-led transformation, fiscal stimulus and industrial policy are sustaining economic activity. New winners are emerging. As we advance across this unfamiliar territory, diversification and selectivity remain the most effective defense.
-
White papersBeyond the Magnificent Seven: How US SMID caps are riding the AI wave
US small and mid-cap (SMID) companies are emerging as quiet powerhouses in the AI economy. In this video, Charlotte Daughtrey, Investment Director, Equities, outlines how these companies are using new technologies to innovate faster, streamline operations and reveal exciting opportunities across the entire AI value chain.
-
White papersDynamic asset allocation on the rise as pension plans face an era of controlled disorder
The new regime might well witness fiscal dominance, rising inflation, trade tensions and pronounced volatility.
-
White papersWheels in motion at the Fed
In addition to mulling interest rates, the Fed is looking out for complications stemming from the end of quantitative tapering.
-
White papersWhy tokenise money market funds?
This document outlines what tokenisation is and how it can unlock new efficiencies for money market fund (MMF) investors.
-
White papersStewardship 2026 Outlook:A systemic shift in a changing world?
The coming year will bring both challenges and opportunities. Artificial intelligence, the climate transition and the shifting sands of geopolitics will all play an outsize role but in 2026, investor stewardship will increasingly focus on systemic economic risks and opportunities alongside the financial performance of individual investments. For universal owners – those widely invested in the economy with long-term horizons – absolute returns will matter and not just relative performance. This means stewardship needs to extend beyond corporate engagement to include active participation in shaping policy and market best practices that create environments for companies to grasp opportunities sustainably and grow profitably.
-
White papersIntegrating Climate Risks & Opportunities into Systematic Active Fixed Income Strategies
For investors allocating to Systematic Active Fixed Income strategies, our recent paper shows how climate risks and opportunities can be integrated while seeking to maintain returns.
-
White papersGlobal Investment Views - December 2025
The year is drawing to a close with most risk assets in positive territory, and global stocks and metal prices seeing multiple highs. Even the longest US government shutdown in history didn’t curb market enthusiasm. We think markets have been looking through the weakness in the belief that monetary and fiscal policy levers will be available for support, that profitability of AI investments is almost a given, and that corporate earnings will continue to exceed expectations, following a strong results season in the US, somewhat less so in Europe. The tariffs’ impact on consumption is also largely being ignored.
-
White papersTime For Your Close-Up, Mr. Roboto
As artificial intelligence converges with the physical world, a variety of humanoid robots are ready to stride from the showroom floor into our daily lives.
-
White papersU.S. markets for ecosystem restoration: Enabling investment in nature-based solutions
Balancing the impacts of economic development with the conservation of natural resources is critical for ensuring continued economic security — particularly as over half of the world’s economy depends on nature.
-
White papersU.S. markets for ecosystem restoration: Enabling investment in nature-based solutions
With over $2.1 trillion of U.S. GDP tied to nature-dependent sectors, investors face significant risks from nature loss. Discover how ecosystem restoration markets offer an opportunity to generate financial returns while delivering quantifiable environmental benefits through one of the world’s largest environmental credit markets.
-
White papersAI Capex: It’s Not All or Nothing
Recent AI-related volatility across risk markets mixes signal with noise. The more important task is to recognize that we are in a multiyear buildout and to invest with that sequencing in mind.
-
White papersFrom alternative to essential: The expanding role of private market investing
Not long ago, private markets sat on the fringes of most portfolios – niche strategies used to pick up extra yield around the edges of traditional portfolios. That’s no longer the case. Over the past two decades, private markets have moved steadily into the mainstream, propelled by strong performance relative to public markets, a broader opportunity set, and greater accessibility for investors of all sizes. What was once considered an alternative is now becoming essential.
-
White papersHow US Dollar Weakness Could Buoy Emerging Markets
Emerging-market assets have benefitted from a softer dollar, which could remain weak for a while.
-
White papersArtificial Intelligence for Behavioral Finance
Artificial Intelligence (AI), particularly Machine Learning (ML) and Deep Learning (DL) techniques, have been extensively used in consumer finance to assess credit risk, develop automated models for loan attribution, and forecast households’ insurance claims and spending. However, their application in analyzing retail investors’ behaviors and designing tools to shape financial advice has emerged more recently.
-
White papersChina’s lithium crackdown and electric vehicle price wars: What investors need to know
The boom years are over. Beijing’s crackdown on low-grade lithium, loss-making battery plants and fragmented EV brands signals a new era of discipline. For investors, the question is: who thrives when growth gets disciplined?
