All United States articles – Page 5
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White papersRising inequality: a global sustainability challenge that needs our attention
As the global economy grows, an increasing number of people are being left behind. This is more than a moral crisis—it’s an economic one.
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White papersGlobal Market Perspectives Q3 2024: Losing some of the shine
Global growth has broadened beyond just the U.S. But the limited nature of the upturns implies U.S. dominance remains.
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White papersUS 2024 presidential election: The potential global impact
Before the summer we reviewed the upcoming presidential election and its likely impact on the US economy. At that time, President Joe Biden had just bowed out of the race and been replaced by Vice President Kamala Harris. Former President Donald Trump initially led Harris by a modest amount in overall polling approvals, though by less than he had led Biden. Since then, Harris has seen an improvement in ratings. Rising from a deficit of 1.7 points, she now leads Trump by 2 points.
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White papersUN antimicrobial resistance meeting to tackle superbugs
With the UN General Assembly High Level Meeting on antimicrobial resistance (AMR) taking place in New York in September, Ming Yang highlights the growing threat of superbugs, and explains how we engage with companies on this topic.
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White papersFed’s 50 bp Cut Kickstarts Recalibration
In one of the more anticipated FOMC meetings in recent memory, the Federal Reserve kicked its easing cycle off with a 50-basis point cut which marks the recalibration of U.S. monetary policy.
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PodcastConnecting the Dots: Misconceptions and opportunities in ABS
A misconception that asset-backed securities (ABS) is largely the experience that the US subprime market went through during the global financial crisis still exists. In this episode, Matt Wardle and Harry Bullamore dispel the misconceptions around ABS which, once cleared, pave the way for investors to allocate to it, consider the uniquely defensive aspects of the asset class and where it sits from an overall portfolio construction perspective.
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White papersEuropean ABS: A compelling tool for DC default strategies
Asset-backed securities are often a misunderstood asset class, despite having many compelling characteristics including a potential return premium and a defensive capital structure.These, in our view, make them well-suited as a tool for inclusion in defined contribution (DC) default strategies.
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White papersBuying, building and managing to core
There are two main benefits to having a core-plus approach in today’s market: flexibility and keeping the portfolio young. In terms of flexibility, we can take advantage of market dislocation, as we are seeing right now. And we can benefit from the whole cycle – secular dynamics and shifting demand – in any style or sector.
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White papersU.S. Federal Reserve – a close call
The Federal Reserve (Fed) will begin its rate cutting cycle this Wednesday. Market expectations are split between a 25 basis point and a 50 basis point rate cut, as the decision is complicated by conflicting signals of solid economic activity but a weakening labor market. Rarely have market expectations been so torn, so close to a FOMC meeting.
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White papersMacroeconomics, Geopolitics, and Strategy - September 2024
The rise in the July unemployment rate to 4.3% (latest reading in August is 4.2%) triggered a significant market concern about a possible weaker-than-expected US labour market, raising the risk of an impending recession. We do expect a significant slowdown of the US economy, but not a recession. We expect a significant deceleration in the next few quarters, consistent with a broader weakening of many labour market indicators.
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White papersThe rise of semi-liquid secondaries funds
The secondary market in private equity consists of transactions where investors buy and sell existing private equity fund interests. In the first half of 2024, the global secondaries market had an estimated volume of USD 68 billion, which represents a 58% increase on the previous year’s 1H volume of USD 43 billion. The market can be broadly categorized into two main segments: GP-led secondaries and LP-led secondaries.
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White papersThe U.S. Election and Energy: More Than Meets the Eye
The presidential candidates have well-known policy profiles on energy, but how could they translate in the real world? The Biden-Harris administration has staked much of its political capital on the energy transition—curbing carbon emissions and encouraging the use of electric cars and renewable energy—while former President Donald Trump is known for his support of the fossil fuel industry and streamlining energy regulation.
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White papersBalance Is Critical for the Obstacles Ahead
Rising inflation may be behind us, but now a nervous market parses every data release for signs of recession. Regular readers know that, in early September, I hear the starting gun for the race to the end of the year. As we get back to our desks after summer breaks, focus turns to end-of-year portfolio results, and calendars fill to review the year’s achievements, lessons and progress, and to begin peering into the year to come.
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PodcastAmid the Volatility: What Are Investors’ Best Options?
Options, a seemingly daunting investment category, has been around for quite some time. Dating back to Ancient Greece, many investors have used Options as a way to mitigate risk. But how has Options trading evolved in recent years? What are the impacts of the upcoming Fed meeting and the U.S elections on this asset class?
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White papersUS election debate generates more political than policy buzz
The first debate between the two candidates running in the U.S. presidential race was a fractious exchange that shed little new light on policy details but is likely to be politically consequential.
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White papersArtificial Intelligence Insights
Artificial Intelligence (AI): what was once just a buzzword, is now reshaping industries and creating an environment ripe with investment opportunities. This transformative force is driving efficiency and innovation across industries and sectors, including real estate. We think AI has the potential to enhance investment processes and add diversity to investment strategies. Asset managers who strategically integrate AI into their operations can gain a competitive edge, and risk falling behind if they don’t.
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Asset Manager NewsHines And Simon® Break Ground On Multifamily Project In Ann Arbor, Michigan
Environmentally Conscious Development Adjacent to Briarwood Mall to be Key Component of Vibrant New Mixed-Use Destination
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White papersRally broadening is underway
A mild US economic deceleration, interest rate cuts by the Fed and an improving earnings profile could further support the broadening of the rally outside the expensive US technology names.
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White papersGlobal Investment Views - September 2024
When central banks are cutting rates and risks of a US recession are limited, we remain disciplined and mildly positive on risk assets.
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White papersFed easing: Fear rate cuts in a recession, not in a soft landing
History suggests that the Fed’s success in piloting a soft versus hard landing will play a key role in dictating the path for U.S. equities. For example, in 1985 and 1995, rate cuts supported strong equity gains as recessions were avoided, while in 2001 and 2007, even aggressive easing couldn’t prevent steep market declines amid economic downturns. Today, the absence of glaring household or corporate balance sheet vulnerabilities means Fed easing should be enough to prevent recession, and should provide investors some optimism for the future of the market.
