All Risk Management articles – Page 7
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White papers
Compass - Mind the lag: recession fears flare too fast
Investors expect central banks will tame inflation whatever the cost, even triggering recession if necessary. This may indeed be policymakers’ approach in the short term as they seek to re-establish their credibility. The European Central Bank’s decision to raise rates by 50 bps is a case in point.
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White papers
ECB meeting: larger-than-expected rate hike, with new fragmentation tool outlined
What is your take on the July ECB meeting and what could the next steps be?
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White papers
Midyear Strategic Investment Outlook: What Does the Market Move Mean for Strategic Investors?
Many people say they like to be long-term investors. It’s a laudable ambition, but often the short term gets in the way. Our notes typically focus on the strategic horizon, but when the S&P 500 falls by 20%, 10-year Treasury yields rise by 140 basis points and Bitcoin is down by 60% since the start of 2022, strategic investors need to respond.
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Video
Introducing the Neuberger Berman Next Generation Space Economy Fund
Senior Portfolio Manager Michael Barr introduces the Neuberger Berman Next Generation Space Economy Fund, outlining the focus and investment process adopted by the team managing the fund.
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White papers
Credit Factor Investing with Machine Learning techniques
The most common models to assess asset returns are a linear combination of risk factors. We have employed tree-based machine learning algorithms to capture nonlinearities and detect interaction effects among risk factors in the EUR and USD credit space. We have built a nonlinear credit pricing model and compared it to our baseline linear credit pricing model using error metrics on training and testing sets and during different periods.
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White papers
Disruptive technology – Maintaining course in volatile markets
The high-tech sector has seen a dramatic correction and high market volatility in recent months. We believe it is now appropriate to review the outlook for disruptive tech thematic investing. We are confident in the long-term outlook for this secular growth theme as we see many opportunities to invest in companies that are leading – and benefiting from – digital transformation.
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White papers
Take note: Finding opportunity in mispriced corporate hybrids
In our latest white paper, Robin Usson, senior credit analyst, asks: Is there scope to extract structural alpha from misunderstood extension risk?
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White papers
Want to De-Risk? Look to High Yield
Looking for a tactical way to de-risk your portfolio? You might consider rotating a portion of your equity allocation into high-yield bonds.
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White papers
Market Scenarios and Risks - May 2022
We keep the narratives and the probabilities of our central and alternative scenario unchanged versus last month. However, the war in Ukraine could evolve in several ways (see Ukraine crisis tree) with significant implications on economic and financial markets. The new wave of Covid-19 in China is another source of uncertainty over the short-term.
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White papers
ESG-Labelled Muni Funds: Fact or Fiction?
By their nature, entities that issue in the municipal bond market have substantial positive environmental and social impacts that make them ideal for investors seeking ESG investment opportunities. Municipal asset managers who are aware of this fit are increasingly touting their ESG capabilities; although these claims are often confusing as they conflate ESG credit risks with ESG impacts.
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White papers
Japan Is Back on the Risk Radar
Japan and the extreme moves in its currency are among the most important dynamics in capital markets right now—here’s why we think they should loom much larger in investors’ minds.
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White papers
Q&A: Investing amid geopolitical uncertainty
Russia’s invasion of Ukraine has intensified focus on geopolitical risks. However, investing amid geopolitical uncertainty is not new. Seasoned portfolio managers Kirstie Spence and Victor Kohn discuss how they approach geopolitical risk in emerging markets.
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People News
Change in the Management Board of PATRIZIA AG
Christoph Glaser becomes new CFO - Karim Bohn leaves amicably after six years in office.
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White papers
The 60/40 Portfolio’s Overdue Overhaul: An evolving emphasis from assets to outcomes
Most investors are aware of why they are investing—for many, it’s to meet the objective of accumulating adequate savings for retirement spending. Yet, portfolios based on 60/40, or other rule-of-thumb allocations (such as target date funds), are focused on the “how” of managing asset volatility as opposed to the “how” of meeting long-term investment goals.
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White papers
Running dry: How water risk can threaten a company’s bottom line
Climate change is forcing investors to evaluate two new types of risk: transition risk, the cost of transitioning to low-carbon operations, and physical risk, the cost of increased drought, floods, severe weather, and a rising sea level. Water stress is one of the most pronounced physical risks from climate change that investors must consider.
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White papers
How to Get the Most From Private Placement Debt
Private Placements can offer fixed income investments with enhanced diversification, risk-adjusted yield and downside mitigation, and as demand grows, we believe investors could benefit from an independent route into the market that is better aligned with their needs.
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White papers
Shifts & Narratives #15 - The Green risk premium and the performance(s) of ESG investing
The question of the green risk premium and ESG performance is on everyone’s lips.
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Video
Introduction to the Neuberger Berman Commodities Fund
In this short video, Hakan Kaya introduces the Neuberger Berman Commodities Fund and gives an overview of the role commodities could play within portfolios.
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White papers
The Fog of War Clouds Economic Outlooks
The war in Ukraine continues to dominate market moves, leading to volatility in risk assets, and the safe haven bid is still in focus amid a stronger U.S. dollar and higher precious metal prices. Commodities are soaring, with BBG Commodity Index on track for the biggest gain since 1960.
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Podcast
Commercial Real Estate for Insurance Investors
Insurance investors are increasingly turning to real estate debt and equity investments to generate income and to combat the impact of inflation.