In Depth – Page 39

  • Features

    A tragedy of small decisions

    May 2013 (Magazine)

    Bob Swarup and Dario Perkins look at the latest developments in the euro-zone crisis and warn that while history doesn’t repeat itself, it does rhyme.

  • Features

    It’s a war out there

    April 2013 (Magazine)

    Anthony Harrington finds optimism among active currency managers, and that a top-down discretionary approach might be best-suited to surviving and thriving through the ‘currency wars’

  • Features

    The business of uncertainty

    April 2013 (Magazine)

    Lynn Strongin Dodds takes a look at a sector beset by uncertainty over regulations, profitability and dividends

  • Features

    The EM lending gap

    April 2013 (Magazine)

    Bank lending to emerging markets is falling sharply – but David Creighton writes that the growth in bond issuance isn’t filling the lending gap

  • Interviews

    Degrees of freedom

    April 2013 (Magazine)

    It has been a busy Q1 for Artisan Partners. At the time of writing, the 19-year-old firm was on the brink of its IPO. Aiming to raise almost $330m with which to clear its loans, buy back shares and reward its pre-IPO partners, the event feels like the foundation for the firm’s next stage of growth.

  • Features

    Britain and Europe

    April 2013 (Magazine)

    The UK has squandered its fiscal strength relative to the rest of Europe, argues Holger Schmieding – and talk of a ‘Brexit’ will only make things worse

  • Features

    Yielding results

    March 2013 (Magazine)

    Ultra-low bond yields and high dividend yields suggest low-risk investors should consider equity income funds. Joseph Mariathasan looks at the options

  • Features

    Banks back in favour

    March 2013 (Magazine)

    Fund managers are overweight banking stocks for the first time since 2007. But Maha Khan Phillips finds that not everyone is convinced that now is the time to buy

  • Interviews

    Emerging markets, changing world

    March 2013 (Magazine)

    Julian Mayo, co-CIO at emerging markets specialist Charlemagne Capital, has a memory from the early 1990s that serves as a corrective to the idea of ‘de-coupling’.

  • Features

    AIFMD: the rush to regulate

    February 2013 (Magazine)

    With its mid-year implementation deadline looming, Giuseppe Rumi and Giorgio Tosetti update us on the state of play for the Alternative Investment Fund Managers Directive

  • Features

    Contagious junk?

    February 2013 (Magazine)

    Speculation that European downgrades could squeeze EM corporate bond issuers is overblown, finds Martin Steward

  • The correlation myth
    Features

    The correlation myth

    February 2013 (Magazine)

    Patrick Burke d’Orey argues that factor analysis shows that correlations are not at all-time highs – and that even in 2008 there was wide dispersion in pair-wise factor correlations

  • Interviews

    The vision thing

    February 2013 (Magazine)

    “Just look at that quality!”

  • Features

    Australia: gateway to Asia?

    January 2013 (Magazine)

    It is right on Asia’s doorstep, but James Dunn finds that outside the big resource names there is surprisingly little Asia exposure in Australia’s stock market

  • Features

    Don’t be surprised by inflation

    January 2013 (Magazine)

    Nicholas Johnson, Berdibek Ahmedov and Ronit Walny argue that now is the time to build a real asset bucket in diversified portfolios

  • Features

    The inflation trade-off

    January 2013 (Magazine)

    Hedging against unexpected inflation can be costly. But Karsten Jeske and Anjun Zhou argue that active management can shift the efficient frontier in investors’ favour While inflation and inflation volatility were relatively subdued until the late 1990s, inflation volatility has picked up again in the 2000s. Evidence shows us that more uncertainty about inflation lies ahead.

  • Interviews

    Enjoying a Renaissance

    January 2013 (Magazine)

    Renaissance Asset Managers (RAM) has had a great run since it was founded as part of Renaissance Group, the Moscow-based financial services firm, in 2003.

  • Interviews

    Focus and flexibility

    January 2013 (Magazine)

    One can tell from the name ‘Alternative Investment Group’ that this is a more venerable fund of hedge funds, pre-dating the post-dot-com stampede: it’s not exactly ‘Google-search optimised’.

  • Features

    Shaking up high yield

    December 2012 (Magazine)

    Considering the trend to combine loans and high-yield bonds in the same products, Martin Steward finds the sub-investment grade landscape changing and new opportunities becoming apparent – especially in senior secured

  • Features

    An equity substitute

    December 2012 (Magazine)

    David Newman argues that equities have a similar credit profile to high-yield bonds but offer less protection, worse returns and higher volatility. Add in low correlation, and there is a strong case for replacing some equity exposure with high yield