While the dim sum bond market has grown rapidly and there are good reasons to expect it to provide investment opportunities in the future, we do not presently advocate a direct allocation to dim sum bonds given issues such as size, illiquidity, lack of transparency, and governance.
The tug of war between deflationary forces and monetary stimulus continues. After rallying strongly in 2012 on the back of expectations for declining macro risk and a rebound in earnings and profit growth, these expectations must be delivered upon for the market to continue to rally. We remain neutral on risky assets today.
The Investment Manager Fees report is an examination of average fees for long-only managers in our database, as well as fees and terms for select hedge fund managers for which we have data.
This report provides an overview of activist investing and also addresses the role of activist funds in investor portfolios and the associated risks of the investment strategy.
This report discusses the landscape of the U.K. social investment market, with a focus on impact investing; reviews the barriers to the growth of the market and potential solutions; and outlines a decision-making framework to help investors evaluate and implement social investments within a diversified investment portfolio. While this report is focused on the social…
The venture capital model is not broken – indeed, fundamentals look better than they have for many years – but returns will likely continue to be concentrated in top-performing funds.
Given lower yields, returns on high-yield bonds and leveraged loans are likely to taper off, but in a muddle-through or bear market environment their returns should compare favorably with those of equities.
U.K. property remains bifurcated, with a large spread between prices and investor interest in prime and non-prime assets. While prime prices are assuredly not cheap, we would view a further softening in capital values as a signal for long-sighted investors to top up allocations.
Fallout from the credit crisis has meant that investors can now invest in single-family homes on an institutional basis, but those choosing to do so should screen managers carefully and be mindful of the inherent risks.
The risk-on/risk-off environment continued in 2012. Equities fell across the board, with U.S. markets holding up best, while “safe havens” such as sovereign bonds and gold posted solid gains.