Industry Voices

  1. Why European equity markets deserve a second look

    trueEuropean growth is low by any standards. We expect 1.2% from the eurozone this year, in line with the latest International Monetary Fund forecast, while the fund is looking for 2.4% from the advanced economies as a whole and 3.6% from the U.S.

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  2. The big structural upside in Japanese equities

    trueThere is reason to believe that Japan is on the precipice of reordering its domestic savings structure as soon as this year, with potentially significant implications for its equity markets.

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  3. Beneath the ugly face of second half 2014 lies the beauty of opportunity in 2015

    trueIn our view, the coming year will resemble more the volatility of the second half of 2014 than the prolonged, virtually uni-directional (i.e., up!) market that leveraged credit investors have enjoyed over the past several years.

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  4. Credit's true role in asset allocation and portfolio construction

    trueCredit markets have reached a critical mass in the U.S., with $14 trillion of assets now outstanding compared to the $18.8 trillion in total capitalization of U.S. public equity markets.

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  5. Tail hedging review

    trueSince the start of 2014, we have witnessed increasing interest in tail hedging with large global institutions looking to develop tail hedge mandates. Recent bouts of turbulence since October 2014 have intensified that interest, especially since volatility levels have continued to fluctuate rapidly, ...

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  6. In defense of stock buybacks

    trueThere's a specter haunting the financial landscape. Or at least you might think so, judging from the mainstream financial press. The threat du jour is share buybacks, if you can believe that.

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  7. The rise of the multimanaged fund

    trueAs the pension landscape evolves, the question of optimizing returns from investments becomes ever more crucial.

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  8. Fair pricing, bubbles and crashes

    trueStock returns have a fat-tailed distribution; this means that large shocks are far more likely than one might expect. A few examples illustrate why this matters to investors.

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  9. U.S. buyouts: Achieving attractive returns in a high price environment

    trueManager selection — always of paramount importance to the success of private equity programs — is even more critical in today's highly competitive and very expensive marketplace.

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  10. Wider implications of oil prices

    trueWith the rapid decline and ongoing volatility in oil prices, investors will already have a sense of how the parts of their portfolios directly exposed to energy have responded, but it is also important to consider the broader investment repercussions for parts of the portfolio that are indirectly ...

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  11. Active investing in an indexed world

    trueWhile active management still plays a critical role in portfolios of all sizes and sophistication levels, it’s hard to ignore the reams of headlines and research notes making the case for passive.

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  12. Systematic quant uncovers EM small-cap opportunity

    trueThe potential investment opportunity represented by small-cap stocks within the emerging markets space — both in terms of returns and low correlation to traditional markets — is clear to many investors.

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  13. Why now is the time for Asian private equity

    trueInvestor interest in Asia, particularly in Asian private equity, appears to have waned in recent years, with many developed markets globally trading at or around all-time market highs while various Asia-Pacific markets continue to languish.

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  14. Europe ripe for active strategies

    trueWhile European ETF funds have seen peak outflows amid economic concerns, the dislocation and ongoing macro unease can be viewed as reintroducing value to the Continent.

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