Inflation-Linked Bonds Move From the Bargain Bin to Prime Shelf Space
Investor demand for linkers has pushed down real yields, but versatile securities still have a role to play.
Research Publications Archive
U.S. Private Equity – Sleeping Off the Overhang Hangover
For all the hand-wringing over the private equity overhang, most problems seem confined to the large buyout space; things look a sight better for mid-market funds, some of which may be poised to capitalize on opportunities created by the credit crisis.
The State of State Finances
Deteriorating municipal finances have implications for investors though default risk is remote. However, there are technical drivers that may support the tax-exempt market for some time.
A Note on the Greek Drama
Current events in Greece are unlikely to lead to a breakup of the European Monetary Union, but underline concerns over sovereign indebtedness and associated risks to global currency, credit, and equity markets.
U.S. Dollar: The Cyclical Versus the Secular
Cyclical factors appear to be dollar supportive against other major developed markets currencies, while secular fundamentals argue for continued U.S. dollar weakness against emerging markets currencies.
Environmental, Social, and Governance (ESG) Integration: For Performance, For Ethics, or For Both?
Describes potential motivations for integrating environmental, social, and corporate governance considerations into investment decisions and encourages interested investors to be clear about their own reasons for doing so.
Governance in Turbulent Times: An Endowment Perspective
Governance of endowed institutions now requires the explicit recognition of new risks, and trustees must be aware of important changes in legislative guidelines pertaining to investing and spending, in governance disclosures required by the IRS, and even in the very definition of endowment.
Awaiting Confirmation from Fundamentals
The year 2010 will likely be a challenging one given the high expectations reflected in current market prices, uncertainties surrounding the economy and government policy, and the absence of clear signs of sustainable economic strength.
Lower Leverage and Fading Stimulus Present Opportunities and Risk
The removal of unprecedented stimulus brings additional risk to global markets, and the lower-leverage environment changes the playbook for investors across many asset classes.
Private Equity Investing in China
Over the last six years the Chinese private equity market has grown and matured considerably. This paper reviews the private equity landscape in China, discusses the evolution of investment structures, and evaluates the case for private equity investing in China.