All Strategies articles – Page 3
-
White papersPrivate Credit – current dynamics shaping markets
Recent LP discussions reveal concerns about crowding and concentration in private credit, leading to a revaluation of exposure and portfolio metrics. In response, we aim to delve deeper into our diversification approach this quarter.
-
PodcastTalking Heads – Absolute return fixed income in an uncertain world
There is always uncertainty, particularly when it comes to the direction of bond markets in an uncertain world. James McAlevey, Head of Global Aggregate and Absolute Return explains the merits of absolute return fixed income investing in the current environment.
-
White papersThe new world of private credit investing
The new European Long-Term Investment Funds Regulation (ELTIF 2.0) has created opportunities to invest in private assets through open-ended funds. Stephane Blanchoz discusses this innovative regulation and the additional investment opportunities it brings.
-
White papersFixed Income prepares for a shiny new year
Bonds finished 2024 with positive returns, and we believe fixed income assets can continue to shine. Solid economic growth, sticky inflation and a slow pace of U.S. Federal Reserve rate cuts should keep shorter-term yields elevated. And relatively stable longer term rates mean higher yields can help build portfolio income and return potential. In this environment, we like well-diversified multisector and core plus bond strategies in particular.
-
VideoYour Questions Answered: Asia ex-Japan
In this video, Jonathan Pines shares his insights on the Asia ex-Japan region, focusing on South Korea’s political crisis, the obstacles to reform, and his current view on China. It’s a must-watch for those looking to understand the region’s investment potential.
-
White papersShort duration bonds: your first step out of cash
Short duration bonds may have a role to play in an investor’s portfolio regardless of the market cycle. But especially in uncertain times, investors looking to enhance cash returns might consider taking an intermediate step into riskier assets for a modest pick up in yield via short duration bonds.
-
PodcastTalking Heads – Broadening perspectives on the outlook for sustainability
The top-down view in the US on the need for a sustainable approach to business and government has shifted, but there are still signs that initiatives on greater diversity, equity and inclusion can persist. Efforts to tackle environment, social and governance issues are finding support, argues Alex Bernhardt, Global Head of Sustainability Research.
-
White papersMerger Arbitrage: The Stars Could Be Aligning
There’s a shift underway in the mergers and acquisitions (M&A) market. The headwinds of rising rates, price volatility and increased global regulatory scrutiny appear to be fading—and market sentiment is getting brighter.
-
White papersTokens, Power, Non-Jobs and Debasement: The case for strategic allocation to tokens
This essay considers the role of tokens and crypto assets as investments. However, rather than just address this question within the narrow confines of investment theory, we approach it via the broader social and political role of tokens. Their growing acceptance raises questions on how the nature of money is changing.
-
White papersLDI market review and outlook – February 2025, political risks clash with bond vigilantism
Political and monetary policy uncertainty weighed upon markets in the fourth quarter of 2024, with multiple ‘live’ central bank meetings creating binary risk and political regime change for France, Germany, and vitally, the US.
-
White papersNo Need to Stress About Less Distressed
Following the Global Financial Crisis (GFC) of 2008, the distressed credit landscape has been substantially reshaped by regulatory changes, shifts in economic cycles and the growing influence of alternative investment strategies. This article explains why the economic and market trends of the past 15 years mean outright distress has become rarer and asks, are there other areas of the credit markets where insurers can look for a similar return profile?
-
White papersScenarios, risks and macroeconomic forecasts
Main and alternative scenarios, and Macroeconomic forecasts as of 24 January
-
White papersCore Matters: AI Winning and losing countries
Our Core Matters series provides thematic research on macro, investment, and insurance topics
-
PodcastOuterblue RI – Driving Climate Action through Shareholder Engagement
In the second episode of our five-part series on Shareholder Stewardship, Aaron McDougall, Head of Climate & Ciaran Callaghan, Head of European Equity Research engage in a dynamic conversation on shareholder engagement on climate - linking climate engagements to responsible investors financial considerations.
-
White papersMarket Update: Geopolitics, Rare Minerals, and the Polar Silk Road
Donald Trump is back as the President of the United States and has quickly implemented controversial policies that challenge the global order and traditional conventions. Among the many eye-catching headlines Trump has expressed desires to annex Greenland and the Panama Canal and has even suggested that Canada become the 51st American state.
-
White papers2025 Emerging market debt outlook: Stick to income and relative value in a disruptive year
As 2024 is now behind us, we are reflecting on a year of political and geopolitical upheaval which culminated in the election of Donald Trump in the U.S., whose disruptive agenda hangs over emerging market (EM) investors’ heads. In this outlook, we flesh out our current view of the world, as seen from an EM lens, and highlight a few key investment themes.
-
White papersStrategy Outlook: Unified Global Alternatives - Hedge Funds First Quarter 2025
Unified Global Alternatives Hedge Funds (UGA HF) Broad Based Diversified (BBD) and Broad Based Neutral (BBN) portfolios generated positive results in Q4, experiencing profits across our four main strategies (Equity Hedged, Trading, Credit / Income, and Relative Value).
-
White papersFinding Growth in US Stocks Beyond the Technology Sector
Technology stocks have been the poster child for growth in recent years. Other sectors deserve a closer look today.
-
White papersWhen Does the Cutting Cycle Become an Easing Cycle?
Over the past years, the Federal Reserve’s rate-hiking cycle has been unique, marked by looser financial conditions, termed “the hiking cycle that was not a tightening”. Currently, we are witnessing “a cutting cycle that is not an easing“ with financial conditions tightening despite rate cuts, affecting future growth outlooks and posing risks for investors.
-
White papersArtificial intelligence – Still positive after the sell-off
In the week ending 24 January, a previously unknown Chinese start-up presented an artificial intelligence large language model apparently showing a performance comparable to that of the leading US models. The unexpected development could disrupt the paradigm of a quasi-monopolistic position for leading US chip manufacturer. This concern led to a major fall in valuations of some prominent tech companies. Markets have since recovered most of their poise. Here we give our view on these developments.
