Look No Further: Global Credit Exposure Through Actively Managed USD-Denominated Investment Grade Credit
Investment grade fixed income has always been a key component in well diversified investment portfolios. Over the last several years, the asset class has gained even more traction, as the increased volatility witnessed during the global financial crisis has driven investors to seek more stable portfolio returns.
Approaching Distressed Opportunities In
Europe Through Hedge
The confluence of the European sovereign debt crisis and the EBA’s stress test results may usher in a new era of distressed investing targeting Europe. This distressed investing will be different from the classic version, which is typically triggered by corporations filing for bankruptcy, as witnessed during 2008/2009. The European situation is an event being triggered by sovereign debt crisis, banking liquidity and solvency crisis and not by corporate defaults.
The Importance of Hedge Funds in
Emerging Markets
Our Hedge Fund Solutions Group argues that investors seeking emerging markets exposure should consider an active hedge fund strategy to complement their private equity portfolios.
The Diversification Paradox:
The Advantage of Active
Concentrated
Portfolios In US Large Cap
Investors typically wish to optimize the relationship between risk and expected
performance. This paper seeks to demonstrate that a concentrated portfolio, focused
on stock selection, without “top-down” factor, sector, or style biases, offers the best
opportunity to maximize risk-adjusted returns in an actively managed portfolio.
US Large Cap Equity:
Alpha Beyond the Correlation Divide
As market visibility improves and equity correlations decline, the best approach for US large cap equity investors will be to pursue a strategy with significant stock-specific active risk to reap benefits from significant valuation anomalies that arise after periods of strong correlations.
Looking Beyond GEM:
Optimizing Global Emerging Markets Equity Exposure Through Targeted Regional Allocation
Over the past few years, investors have been increasingly keen to expose more of their portfolios to the emerging markets growth story. This has commonly been achieved by making a single allocation to global emerging market (GEM) equity strategies, broadly reflecting the MSCI Emerging Markets Index (EM Index) - small wonder, given the perceived geographic and sectoral complexity within this asset class.
Incredible India:
Growing Pains Of A Superpower
India has come a long way in its economic and social development, but
stands at an important crossroad. Though blessed with the necessary
DNA of a superpower-in-the-making, there are many hurdles it must
overcome along the way in order to fully realize its incredible potential.
Dynamic Asset Allocation
As the Global Financial Crisis has sprung asset allocation back into focus, our team explores various allocation ideologies and details the merits of the Capital Market Line approach.
Bank Loans: Market Dynamics Poised to Deliver
Attractive Risk-Adjusted Returns
Our Leveraged Finance investment experts explore how low default rates, eventual rising interest rates, supply/demand imbalances and the shrinking "Maturity Cliff" are combining to make the current Bank Loan market attractive.
Achieving Private Equity Allocation Targets
Eliminating The Guesswork
A commitment strategy that allows an investor to consistently achieve and maintain a specific, targeted private equity exposure can be just as important as deciding on the initial allocation. Our Private Equity Secondaries team discusses various approaches to allocating to Private Equity.
The Rise and Rise of Emerging Market Debt
Over the past two decades, we have seen much development in emerging market debt (EMD). Significant increases in issuance levels and improvements
in the level of transparency mean that three components of EMD – external debt,
local currency debt and corporate bonds - have now become asset classes in
their own right.
US Large Cap Equity:
Should I Stay or Should I Go?
Our investment team looks at the case for US Large Cap equities and explores how 'Focus' investing could help in extracting alpha from this highly efficient market.
Japan Viewed in 3D
(Debt, Demographics and Deficits):
Decision-Making Implications for the Yen
Our investment experts share their thoughts on what's next for this important global currency.
China and India: Shifting Trends, Outsized Potential
Provides new insights into these two emerging markets superpowers, including attractive investment opportunities, sectors and industries. Our local experts on the ground in both regions share their thoughts on the past, present and future investment landscapes of both countries.
Dynamic Contextual Alpha: A Differentiated Approach to Quantitative Enhanced Indexing
Gain insights into how quantitative managers who utilize Dynamic Contextual Alpha models have been outperforming the traditional quantitative group in developed markets. This proven model relies on ranking companies within similar groups of stocks to deliver better performance than by ranking on the basis of the entire universe or fundamentally diverse sectors.
Is Your Equity Portfolio Focused And Active?
Explores why focused, active portfolios in developed markets are consistently able to outperform their respective benchmarks.
Navigating the Recovery
Insights into attractive opportunities as the economic recovery strengthens, including Emerging Market Equities, Leveraged Loans, Hedge Funds of Funds and Commodities.
Distressed Investments
Exploring three distressed debt opportunities where current valuations point to the greatest potential: Small-capitalization distressed situations that have lagged the rally; large-capitalization fallen angels; and Debtor-in-Possession (DIP) financings.
Mortgage-Backed Securities
A look at changing trends in the MBS market and timely advice on whether now represents a safe time to “go back in the water."
All investments involve risks, including the loss of principal invested. Click here for our Global Disclosure Statement.