All articles by Joseph Mariathasan. – Page 5
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Asset Class Reports
A new taxonomy
Market dislocation and unpredictable government interventions have re-ordered the natural environment of credit. Joseph Mariathasan asks if the old taxonomies are still fit for purpose
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FeaturesConvertibles: why now?
Convertible bonds as an asset class had one of the worst years in their history in 2008.
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Features
How convertible securities are valued
Convertibles’ hybrid nature presents valuation challenges and trading opportunities, says Joseph Mariathasan
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Features
Winning the ‘hearts and minds of men’
The global debt markets have experienced what Nassim Nicholas Taleb in his best- selling book described as a ‘Black Swan’ event. In other words, a market dislocation whose impact has been enormous, the full ramifications impossible to predict and, post the event, subject to rationalisation. The only thing that is ...
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FeaturesHold or fold?
Small and mid caps have taken a beating in the market downturn. Joseph Mariathasan assesses their outlook
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FeaturesSigns of a year of eastern promise
Joseph Mariathasan looks at the economic conditions that have made investing in Asian, and particularly Chinese, private equity favourable
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Asset Class Reports
Dazed and confused
The causes and impact of the convulsions that have rocked the bond market for the last couple of years will be the subject of doctoral theses for generations to come. Joseph Mariathasan sketches out a first draft
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Features
Euro-zone challenges
The massive rise in debt issuance is posing problems for European government bond markets, finds Joseph Mariathasan
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Features
An area that needs more light
Pension funds should be more concerned about investment managers’ asset allocation skill, but there’s no easy way to measure it, says Joseph Mariathasan
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Asset Class ReportsLessons from the Great Depression
Navigating the smaller end of the equity markets is particularly hazardous and Joseph Mariathasan assesses whether the past can offer a compass
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Features
A triumph of marketing over performance?
A recent Morningstar analysis of much-hyped 130/30 strategies offers a chance to weigh up their performance. Joseph Mariathasan reports
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FeaturesRethinking the elephant
Your view on US large caps should be based on whether you think they are an investment decision or a gamble, argues Joseph Mariathasan
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FeaturesThe improving image of EMD
The increasing importance of emerging market debt as an asset class reflects the seismic shift we are witnessing as power and relative wealth moves from the developed markets to the developing, argues Joseph Mariathasan
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FeaturesThe shape of things to come
Mn Services is increasing the allocations of emerging market assets in its portfolios. Joseph Mariathasan finds out why
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FeaturesPanic sell-off opportunities
The indiscriminate sell-off in European bond markets sparked by the sub-prime crisis has opened up opportunities for canny investors and reminds Joseph Mariathasan of the words of former US president Franklin Roosevelt
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Features
A new world for the brave
The European asset-backed securities market now appears to be in tatters after a period of rapid growth that lasted until just over a year ago. Joseph Mariathasan investigates whether there is still life ahead for the market
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FeaturesA bubble in the making?
Commodity prices have risen dramatically as institutional investors seek security and diversification. Joseph Mariathasan questions the rationale for investing in commodities now
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FeaturesUnderstanding Asia’s impact
Joseph Mariathasan explains the rationale for Stena’s move to invest in Asia, and why pension funds should be seeking to emulate the approach of its CIO, Björn Linder
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FeaturesGrowing in importance
Previously epitomising debt, default and hyperinflation, emerging markets now contribute more than the US to world growth. Joseph Mariathasan investigates if they are suitably decoupled from the credit crunch to be a safe haven or is it just a commodity-led boom?
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Features
An imbalanced market
The UK has the most stringent pension indexation requirements of all the OECD countries. Joseph Mariathasan here points out the pressures that are pushing pension funds towards low-yielding assets such as inflation linkers
