All Asset Class Reports articles – Page 30
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Asset Class ReportsUS Equities: Style bias
Joseph Mariathasan uncovers a wide range of strategies among top performers in US equities
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Asset Class ReportsPrivate Equity: Coping with the hangover
After the big binge on leverage, Joseph Mariathasan finds that the next generation of private equity investors will have to go cold turkey, not rely on a hair of the dog
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Asset Class Reports
Private Equity: Don’t overlook the hidden costs
Cyril Demaria looks at factors that can generate substantial costs for large institutional investors apart from the usual direct and indirect costs associated with investing in private equity funds
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Asset Class ReportsGlobal fixed income: Outward bound
European investors are breaking free of local markets and global benchmarks in the search for yield, writes Joseph Mariathasan
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Asset Class ReportsValue traps
Michele Gambera uses UK equities to reveal how excluding or including companies with negative earnings skews the P/E ratio of the market
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Asset Class ReportsEuropean equities: Never out of style
Managing European equities has to be about avoiding style biases, finds Joseph Mariathasan. He speaks to five managers who have squeezed alpha from very different markets with very distinct strategies
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Asset Class Reports
Not just all-in on BRICs
Joseph Mariathasan and Martin Steward research some of the top performers in emerging market equities and finds considerable diversification, not only between top-down and bottom-up approaches, but between valuation methodologies
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Asset Class Reports
Where next for hedgies?
Market conditions, consolidation and regulatory developments are changing the landscape for hedge funds. Jean-Charles Bertrand explores the new topography
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Asset Class ReportsStill the wild frontier
US small and mid caps remain the crucible of corporate capitalism and opportunity. But Joseph Mariathasan finds that the challenge is in steering through the sheer variety of stocks and managers
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Asset Class ReportsCrowded out
One might imagine small-caps markets to be hives of alpha-generating inefficiency and anomaly – and yet Joseph Mariathasan finds that returns in Europe are dominated by beta
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Asset Class ReportsPrivate equity fundraising falls in 2009
[13:30 CET 05-11] GLOBAL - Private equity funds have raised only $150bn (€101bn) in the primary business market so far this year as the financial crisis has made investors more cautious, according to private equity placement agent Triago.
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Asset Class Reports
EM debt comes of age through crisis
No one would envy the job that developed market pension fund managers face over the next few years. After the huge destruction in wealth brought about by last year’s credit crisis, they have a lot of catching up to do.
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Asset Class ReportsSanctuary in the crisis
Emerging market debt has had a good crisis and is now firmly established in the mainstream. But, as Joseph Mariathasan finds, the complex matrix of exposures it represents raises the question of whether it is one asset class or many, and demands a properly considered allocation process
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Asset Class ReportsA time to be selective
Uncertainty in sovereign markets and attractive credit spreads have seen risk concentrate in Europe’s investment grade corporate bond markets, finds Joseph Mariathasan
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Asset Class Reports
Alpha from uncertainty
The market crash and subsequent super rally has investors in disagreement over the prospects for US equities. This suggests that active management will now make a difference, writes Joseph Mariathasan
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Asset Class ReportsThe hunt for treasure
Rather than worrying whether the recent emerging market equities rally is sustainable, investors who believe in a long-term growth story should not attempt to time the unpredictable, finds Joseph Mariathasan
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Asset Class Reports
Africa: the efficient frontier
“Africa is where Asia was 20 years ago,” says Richard Segal, a strategist with African financial services firm UBA Capital. “The question is, will Africa be where Asia is now in 20 years’ time?” It certainly struggles against many questionable assumptions. First, that it simply isn’t relevant as an investment ...
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Asset Class ReportsDon’t fight the Fed...
The Fed and the US Treasury combination sits like a heavyweight in the boxing ring of US fixed income. The ponderous moves open up ample opportunity for some quick jabs – but get on the wrong end of one of the swings and it’s a knockout. Joseph Mariathasan reports
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Asset Class ReportsBanking on animal spirits
Global equity valuations – both absolute and relative to credit – are proving difficult to pin down. Joseph Mariathasan finds managers tiring of paying a premium for defensiveness but are hopeful that ‘animal spirits’ can sustain an upward trend
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Asset Class ReportsA nuclear winter?
Managers are working out when and how to position their portfolios to benefit from an eventual economic recovery,finds Joseph Mariathasan
