All White papers articles – Page 70
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White papersPrivate asset allocations in open-ended funds
Allocating to private assets in open-ended funds can offer investors benefits such as diversification, but there are drawbacks, too, like illiquidity. In this second article in a three-part series drawn from a recent paper, we look at how asset managers can construct portfolios for open-ended funds that include allocations to private assets, providing a way for smaller investors to gain exposure.
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White papersTaking Stock
As we reach the halfway point of an unexpected year for markets, what’s next for equities?
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White papersNet-Zero Alignment: Beyond the Numbers
There is no shortcut to assessing a portfolio’s net-zero alignment: data is incomplete, and we believe analysts’ insights are critical.
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White papersAnalysis: Demographics as a driver of economic growth
Conventional wisdom points to young demographics as a driver of economic growth. The thesis is that young populations indicate a growing labor force, suggesting productivity gains long into the future. The reality is more complicated.
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White papersThe Bridge to the Future
This year’s recommendation for vacation reading is the epic story of the building of the Brooklyn Bridge, resonant with dilemmas we still recognize today.
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White papersTen for 2023—Midyear Update
Last November, the heads of our four investment platforms identified the key themes they expected to be prominent in the markets during 2023. With the year now half over, we revisited these concepts to see how they’ve played out so far. We give ourselves an interim grade for each one and assess our outlook for the second half of 2023.
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White papersAre climate risks priced?
Stocks that are perceived to be riskier should trade at discount relative to peers. From this point of view, the consistent underperformance of high-carbon stocks seems to be a puzzle as these stocks are clearly most exposed to risks of climate transition.
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White papersHow long will convexity disappoint?
These are uncertain times – be it regarding growth, inflation, or the extent of rate hikes. And yet, the level of one of the most common measures for volatility – the famous VIX index – has not budged much since 20 March and the end of the fast-paced banking crisis. This raises two principal questions about volatility and convexity, which we explore in this weekly edition of Simply put.
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White papersFixed income: choosing a different rhythm
Increased risk appetite and revived hopes for a soft landing present an interesting question to fixed-income investors: how keenly should they dance to the market’s tune?
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White papersQ&A with Tom Kerr, Part III: Secondary Market Landscape
We are now mid-way through 2023, so we caught up with Head of Secondary Investments Tom Kerr to gain his perspective on the current secondary market environment.
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White papersQ&A with Tom Kerr, Part II: Secondary Market Valuations
We are now mid-way through 2023, so we caught up with Head of Secondary Investments Tom Kerr to gain his perspective on the current secondary market environment.
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White papersQ&A with Tom Kerr, Part I: Secondary Market Deal Activity
We are now mid-way through 2023, so we caught up with Head of Secondary Investments Tom Kerr to gain his perspective on the current secondary market environment.
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White papersIs ‘Keeping Calm and Carrying On’ Enough to Fuel Growth within European Private Equity?
We suspect that is not quite how you expected us to describe the European investing environment in late 2022, but the economy has managed the shocks unleashed by both the pandemic and Russia’s aggression against Ukraine remarkably well.
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White papersPM Spotlight: From Math Whiz Intern to Head of Systematic Options
Megan Miller, head of Systematic Options, is living proof that investment in interns can yield big returns. Read about Megan and her views on the options market in this issue of PM Spotlight.
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White papersUnleashing the power of sustainability integration
IREI’s Q&A interview with Natalie Sinha
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White papersMid-Year Update – Getting the yield curve wrong
Many investors have been puzzled for most of this year by an inverted US yield curve, which along with economist forecasts and CEO surveys signals an impending recession. At the same time, the performance of risk assets suggests a much brighter outlook. Which is right and which is wrong?
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White papersKirstie Spence: three exciting things about EMD
Kirstie Spence, fixed income portfolio manager, shares her outlook for emerging market debt and outlines the three things currently exciting her about the asset class.
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White papersA deeper dive into investor engagement with Japanese corporates
Investors in Japanese equities who have earned their credibility through a deep understanding of Japan’s cultural and corporate landscape could find themselves in a unique position where they may add value to companies through engagement. Here we look at two case studies.
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White papersThe Fed Senses the Light at the End of the Tunnel
PGIM Fixed Income’s views on the July FOMC meeting, which could mark the end of the Federal Reserve’s rate-hiking cycle and may give way to a fine-tuning phase.
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White papers11 … or will it be 12? (Or more?)
The Federal Open Market Committee just decided to increase the federal funds target rate by 0.25%, resulting in a new target of 5.25% to 5.50%.
