Investment Strategies – Page 9
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Asset Class Reports
Credit: Smuggling in some spread
Martin Steward finds risk-averse managers picking up spread from asset-backed bonds, subordinated financials and ‘rising-star’ high-yield issuers
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Features
The fallacy of CB independence
Central banks are no longer independent of politics, argues Kommer van Trigt, and investors should take that into account
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Features
Caution in the face of opportunity
Despite the growing clamour for funding, pension funds remain cautious about investing in infrastructure. Michael Wilkins analyses some of the barriers holding back potential investors
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Interviews
Of orange blood and quieting storms
It has been a stormy four years at ING Investment Management – but the skies are finally starting to clear.
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Special Report
Beyond microfinance
Nina Röhrbein finds evidence for a sea-change in impact investing with more varied products in developed as well as emerging economies
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FeaturesUnlocking alpha
New statistical techniques and the computing power to put them to work is opening a space for effective factor modelling of hedge funds, writes Robert J Frey
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Asset Class Reports
Private Equity: Bridging the gap
Martin Steward meets the co-founders of OceanBridge Partners, whose flexible new model aims to maximise the potential of private equity investing
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Asset Class Reports
Private Equity: Is mega back?
With the high-yield market on fire and household names being plucked from public markets, Joseph Mariathasan asks if we are heading back to the heady days of the 2006 ‘mega’ buyout
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Features
Stuck in the middle
The mezzanine-debt opportunity has not gone away. But Martin Steward finds that success will probably depend on both greater focus and flexibility
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Special Report
Room for improvement
A new survey reveals that the Dutch private equity sector has yet to fully integrate sustainability, as Nina Röhrbein reports
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Asset Class Reports
Private Equity: Springclean for portfolios
Joseph Mariathasan looks at the challenges facing pension fund limited partners trying to manage the size, complexity and risk exposures of their private equity portfolios
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Asset Class Reports
Private Equity: Secondaries redefined
Traditional secondary sales are rarely suited to problematic ‘end-of-life’ or ‘disrupted-cycle’ funds. Jennifer Bollen looks at some innovative, but complex, liquidity solutions
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Features
Once upon a time in the East
It may not quite be cowboy capitalism, but a showdown is due in China, writes Gary Greenberg
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Features
A tragedy of small decisions
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.
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Asset Class Reports
Private Equity: Palico: Online dating for LPs and GPs
As our main feature reveals, there are more than a few private equity limited partners (LPs) facing resource problems as the industry fragments and spreads beyond the traditional centres of North America and Western Europe, at the same time as disrupted investment cycles clog up the cash-distribution and fundraising pipeline. LPs are struggling to keep abreast of new managers and markets, or even stay on top of their increasingly crowded and complex portfolios.
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Interviews
An emerging markets coup
After a burst of acquisitive growth during its years as the investment division of Lehman Brothers, Neuberger Berman’s time as an independent asset manager has instead been spent redefining its brand, building track records and expanding its global reach.
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Features
Choosing the middle way
René Biner offers a 21-year data set that reveals surprising facts about historical loss rates in European mezzanine debt – and the advantages of vintage-year diversification
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Features
It’s a war out there
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’
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Features
Innovate to survive
As business becomes thinner and specialisation becomes crucial, Iain Morse reports on the Norwegian custody market
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Asset Class Reports
US Equities: It’s a gas
The hydraulic fracturing revolution could re-shape the US economy – and US equity portfolios with it, writes Joseph Mariathasan
