All Risk Management articles – Page 2
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VideoNeuberger Private Markets: Q2 2026 Preliminary Valuation Summary & Analysis
Doug Manor, Managing Director, Neuberger Private Markets, provides an overview of private equity markets and an outlook based on trends in the marketplace.
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White papersFrance’s fiscal policy in focus
We expect France’s GDP to grow by 0.6% in 2026 and around 1.0% in 2027, in line with Eurozone growth. While higher inflation and elevated policy uncertainty, both domestic and external, are likely to weigh on demand in 2026, the economy should retain some underlying resilience, helped by a gradual recovery in private domestic demand, particularly household consumption and business investment moving into 2027.
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White papersDispelling the myths of infrastructure debt
Investors have historically turned to infrastructure as a resilient private markets asset class. Many institutional investors focus on the equity side of the capital structure to generate yield with potential upside but often overlook the debt side.
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PodcastOuterblue Talks Research - The Lifecycle Remix - How the Glidepath Fits into Retirement Solutions
Retirement investing is changing as individuals take on more responsibility for their long-term outcomes, especially in defined contribution pension plans and personal savings. In this episode of Outerblue Talks Research, host Swaha Pattanaik speaks with Dominic Byrne, Global Head of Retirement Solutions at Amundi, about how lifecycle investing is evolving to include glidepath strategies.
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White papersWhy an absolute return approach to fixed income could help investors navigate uncertainty
Fixed income investors have faced considerable volatility in markets in 2026, driven by a combination of geopolitical tensions, rising inflation and higher levels of issuance.
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White papersManaging private asset allocations in open-ended funds Gilles-David
With their potential to enhance returns, diversify portfolios and capture an illiquidity premium, private assets have become increasingly attractive to institutional investors. Yet integrating private equity and private debt into open-ended funds available to retail clients remains far from straightforward. Even though a fund may offer investors periodic subscriptions and redemptions, the underlying private assets generate cash only gradually and with uncertain frequency. They also require liquidity to meet unpredictable capital calls.
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White papersCapturing the Energy Opportunity Downstream
Crude looks well supplied—but the fuels we actually burn tell a different story. Diesel, gasoline and jet fuel inventories remain near 2022-crisis lows, as disruptions to Hormuz shipping, Russian refining and Middle East exports keep the squeeze downstream. The real energy opportunity isn’t in the barrel of crude—it’s in the barrel you burn.
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White papersSo, Why Don’t You Own It? Understanding Underweights in Equity Investing
Concentrated markets demand active choices about which risks to avoid.
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White papersWhat a 5% 10-year Treasury means for commercial real estate
As the 10-year Treasury pushes toward 4.75% for the first time since January 2025, investors are asking what it means for U.S. commercial real estate (CRE). Importantly, the reason rates are rising matters as much as the level. What began as an orderly move in real rates and term premium is now giving way to something less benign - rising inflation expectations and a bond market that’s testing the Fed’s resolve. A 10-year yield near 5% raises the bar for CRE, but it sharpens our thesis rather than breaks it: net operating income (NOI) growth and selectivity are what will likely separate winners from the rest.
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White papersWhy isn’t headline risk translating into market movements?
What explains the divergence between volatility metrics and the significant geopolitical uncertainty?
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White papersAgentic AI for Financial Applications: A Comprehensive Survey
Language models have given rise to agentic AI: autonomous systems that pursue high-level goals through tool use, orchestration, and adaptation. Although prior surveys treat financial applications, agent architectures, and fine-tuning methods in isolation, this review integrates the full agentic stack.
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White papersHiring a Systematic Bond Manager? Seven Questions for Candidates
Systematic bond investing needs specialist skills and resources. Has your manager got what it takes?
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White papersCutting through the noise: Why lower and core middle market direct lending still delivers value in clients’ portfolios
Private credit has become one of the most discussed corners of institutional investing — and one of the most misunderstood. Daily headlines about troubled borrowers, struggling business development companies (BDCs), redemption pressure, and concentrated software exposure have created the impression of a market under stress. But beneath the noise, the lower and core middle market direct lending segment that has historically powered investor outcomes is performing well, behaving as designed, and, in our view, is about to deliver one of its most attractive vintages in years.
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White papersHow U.S. middle market direct lending complements and enhances European portfolios
Direct lending continues to expand across Europe as institutional and sophisticated high-net-worth investors recognize the attractive opportunities available. Demand for private credit, and specifically middle market direct lending, is growing faster than supply, prompting investors to look beyond their domestic markets.
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White papersCutting through the noise: Why lower and core middle market direct lending still delivers value in clients’ portfolios.
A long-form perspective from Principal Alternative Credit on what investors should be watching—and what the headlines are missing—in today’s private credit market.
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White papersCLOs: A More Selective Opportunity Set
CLOs remain supported by resilient fundamentals, strong demand and attractive carry, but compressed spreads and growing collateral dispersion are raising the bar for credit selection, manager discipline and portfolio construction.
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White papersThe New Role of Geopolitical Risk in Bond Investing
Interest rate volatility is reshaping bond markets. We examine why geopolitical risks have become increasingly linked to bond market volatility since 2025, and discuss the implications for the term premium, fixed income positioning and investment opportunities.
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White papersHigh Yield Holding Firm as Opportunities Evolve
High yield bonds and loans remain well supported by resilient fundamentals and strong demand, with attractive all-in yields continuing to drive investor interest even as spreads remain tight.
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White papersWhat investors should watch as private credit market matures
Private credit entered 2026 with familiar momentum: durable investor demand, an expanding opportunity set, and a growing role in institutional portfolios. Yet the first half of the year also brought a noticeable shift in market sentiment. Headlines around redemptions from semi-liquid funds, default activity, and pockets of borrower stress have challenged the perception of private credit as a uniformly resilient and continuously expanding asset class.
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White papersLooking beyond mega-caps
AI-focused capital flows are reshaping private markets, concentrating capital, and creating consensus exposure. We believe this dynamic has contributed to a growing divide between large-and mega-cap (predominantly) AI companies and perhaps overlooked small- and mid-cap opportunities often found in sectors outside of AI.
