All Asset Class Reports articles – Page 21
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Asset Class Reports
Investment Grade Credit: The last bastion of value
Sluggish growth and subdued corporate confidence persuade sterling and euro credit managers that their asset class remains ‘the best house in a bad neighbourhood’, finds Martin Steward
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Asset Class Reports
Investment Grade Credit: Banks or supermarkets
The world’s banks are cutting debt and repairing balance sheets. The world’s non-financial companies are gearing up to take risk. Joseph Mariathasan explores why the choice for bondholders is not as clear as it sounds
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Asset Class Reports
Investment Grade Credit: Any life in long-dated bonds
A recent reform announcement could significantly reduce the UK’s annuity market. Joseph Mariathasan asks what the knock-on effect might be for long-dated sterling bonds
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Asset Class Reports
Developed Market Sovereign Bonds: A damaging subjectivity
Credit rating agencies make decisions about sovereign debt issuers based on objective, fundamental data and subjective judgement. Vasileios Gkionakisof UniCreditassesses each factor’s influence on decisions and argues that subjective input has been highly distorting
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Asset Class Reports
Developed Market Sovereign Bonds: From ruin to recovery
Fundamentals, technicals and sentiment have come together to change the fortunes of peripheral euro-zone bonds. Joseph Mariathasan finds that, while these markets may never again be considered core, yield-hungry investors are happy to provide continuing support
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Asset Class Reports
Developed Market Sovereign Bonds: Dollar doldrums
Central banks holding growing foreign exchange reserves around the world will need to find alternatives to US dollar assets. Joseph Mariathasan reports on the best candidates
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Asset Class Reports
Developed Market Sovereign Bonds: 'No attempt to challenge facts'
Moody’s Albert Metz responds to UniCredit’s paper on subjective bias in sovereign bond credit ratings
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Asset Class Reports
Developed Market Sovereign Bonds: 'UniCredit's analysis is flawed'
Standard & Poor’s Moritz Kraemer responds to UniCredit’s paper on subjective bias in sovereign bond credit ratings
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Asset Class Reports
Private Equity: Tailored solutions in vogue
The relationship between the largest private equity investors and their general partners is evolving as the demand for more specialised, bespoke portfolios grows. Joseph Mariathasan describes the landscape and the pitfalls it threatens for unprepared funds of funds and GPs
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Asset Class Reports
Private Equity: Handing over the reins
Planning for a buyout firm’s future can be tricky and emotional, writes Jennifer Bollen
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Asset Class Reports
Private Equity: Private equity titans, time to retire
Immense personal wealth and diversified, publicly-owned businesses give a certain type of private equity manager a free option at his LPs’ expense, argues Cyril Demaria
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Asset Class Reports
US Equities: No place like home
Joseph Mariathasan asks if the relative home bias of North American companies might be a shelter from the geopolitical and economic storms rattling international markets
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Asset Class Reports
US Equities: Let’s get together
Joseph Mariathasan looks at trends in corporate activity in the US market
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Asset Class Reports
US Equities: How deep is your value?
Martin Steward looks at three US quality-value strategies, two of which exemplify the difference between ‘deep’ and ‘relative’ value and one whose profile belies any stylistic categorisation
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Asset Class Reports
US Equities: Catching the technology wave
Joseph Mariathasan discusses where US technology companies sit in relation to a once-in-a-generation paradigm shift: the move from desktop to mobile and the cloud
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Asset Class Reports
European Equities: What is Europe, exactly?
Investing in European equities sounds like a straightforward task. But as investors finally begin to look upon the region more favourably, Joseph Mariathasan finds that ‘investing in Europe’ can mean many different things
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Asset Class Reports
European Equities: Transition management
As the market-leading stocks and sectors begin to rotate, Martin Steward finds the top manager positions occupied by those value managers that have maintained pace with their quality peers over the past three years
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Asset Class Reports
Small & Mid-Cap Equities: Europe’s modest world-beaters
Cedric Durant des Aulnois argues that small-cap investors do not have to compromise on quality – and they can now also get it cheaper
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Asset Class Reports
Small & Mid-Cap Equities: The cycle turns
Dispersion among the top-performing European small-cap managers could split along ‘quality growth’ versus ‘quality value’, writes Martin Steward
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Asset Class Reports
Small & Mid-Cap Equities: Put on a smart cap
Charlotte Moore weighs up the arguments for a range of ways to access smaller companies – approaches that all agree with common sense, but not always with one another