All Asset Class Reports articles – Page 24
-
Asset Class Reports
US Equities: Growth – but at what price?
US equity managers’ performance has been determined by a long period of convergence between value and growth strategies. Martin Steward outlines these characteristics in four portfolios and asks if this era is coming to an end
-
Asset Class Reports
US Equities: Too big to grow?
No company can grow its earnings forever, but drawing the ‘ex-growth’ line is almost impossible. Joseph Mariathasan delineates the characteristics of pro-growth mega-caps from the US equity market
-
Asset Class Reports
European Equities: Is there value in the periphery?
The most troubled countries in Europe appear to be turning a corner. Joseph Mariathasan looks at the opportunities in their equity markets, and asks if investors should go for quality or the more abundant domestic-focused and cyclical stocks
-
Asset Class Reports
European Equities: Debating ‘quality’
Martin Steward finds three strategies, each with impressive longevity, illustrating three very different interpretations of ‘quality’ in European equities
-
Asset Class Reports
Small & Mid-Cap Equities: Hungry, growing, focused
In a world obsessed with the safe havens of multi-national mega-cap cash machines, Joseph Mariathasan revisits the case for smaller companies
-
Asset Class Reports
Small & Mid-Cap Equities: So many stocks, so little time
Joseph Mariathasan considers the resource demands inherent in making the compelling global small-cap opportunity manageable
-
Asset Class Reports
Small & Mid-Cap Equities: Punching above their weight
Martin Steward takes a tour of some world-beating European companies with four leading small-caps managers
-
Asset Class Reports
Emerging & frontier equities – Tactical and strategic
As slowing growth depresses emerging market valuations, Joseph Mariathasan argues that this might be the time to adjust strategically for the new, long-term growth and risk paradigms
-
Asset Class Reports
Emerging & frontier equities – The great melt-up
Capital flows into emerging markets suggest that valuations could be about to end their two-year slumber, argues Michael J Howell
-
Asset Class Reports
Emerging & frontier equities – A turn in the cycle
There is a tussle between ‘quality’ and cyclicality among the top strategies in emerging market equities. Martin Steward looks at how three portfolios are shaping up for a possible turn in risk appetite
-
Asset Class Reports
Emerging & frontier equities – The private market complement
Mark Mobius outlines why private equity is different in emerging markets from in developed – but also different from your existing public emerging markets exposure
-
Asset Class Reports
Hedge Funds: Trust… but verify
Good hedge fund due diligence takes 120 hours plus 90 hours per year ongoing. But responsible investors have no choice but to do it, argues Jerome Lussan
-
Asset Class Reports
Hedge Funds: Owning hedge funds
Neuberger Berman has launched Dyal Capital Partners to buy minority stakes in hedge fund businesses. Martin Steward reports on how it changes the dynamics for hedge-fund investors
-
Asset Class Reports
Hedge Funds: Changing rules
Joseph Mariathasan loks at the raft of regulation coming the way of hedge funds, focusing on the pros and cons of the EU’s AIFM Directive
-
Asset Class Reports
Hedge Funds: Alpha-hunting with funds of funds
Peter Meier, Oliver Liechti and Patrick Dütsch run hundreds of FoHFs through a factor model and find those focused on trading strategies delivering the best returns and the highest alphas
-
Asset Class Reports
Hedge Funds: Taking the ‘fund’ out of hedge funds
Martin Steward spoke to PGGM’s Jan Soerensen about how its managed account platform allows it to take control of its hedge funds – and their costs
-
Asset Class Reports
Hedge Funds: Changing models
The fund of funds model is having to adapt fast to survive. Joseph Mariathasan finds that the new models also require a different approach to thinking about the hedge fund opportunity set
-
Asset Class Reports
Global Equities: Jam today
A low-yielding environment makes an increasingly powerful case for dividend income in pension portfolios, writes Joseph Mariathasan
-
Asset Class Reports
Global Equities: Three of a kind
Martin Steward finds three managers exploiting three major investment themes in three different ways
-
Asset Class Reports
Global Equities: One world
The convergence of emerging and developed markets argues for integrated global portfolios. But Joseph Mariathasan finds that investors taking this approach could miss out on the best opportunities