Opportunities Arising From Banking Sector Stress in Europe
The vacuum being created by banks withdrawing from previous activities is opening up opportunities for strategies like non-performing loan funds focused on the region.
Research Publications Archive
Do Investors Have Time to Switch Cash Vehicles Before October’s US Money Market Reforms Take Hold?
Yes, although as the mid-October deadline for significant regulatory-driven changes to US money market mutual funds draws near, investors that wait may find themselves with fewer options for funds that will continue to offer stable net asset values.
The Presidential Cycle: Less Than Meets the Eye
Investors should cast a critical eye on claims that the presidential cycle will provide investment/trading opportunities.
Are the Forces Creating Record Low Government Bond Yields Here to Stay?
Investors that buy developed markets government bonds have been faced with unpalatably skimpy or even negative yields on offer for some time. The question is no longer why, but for how long? Fed funds futures and benchmark ten-year US Treasuries suggest the answer is several more years, a similar timeline to other markets. But as we know, markets have a tendency to surprise.
Annual Analysis of Foundation Investment Pool Returns: Calendar Year 2015
This report reviews portfolio returns, asset allocation, investment management structures, and payout characteristics for 113 foundations. Analysis and exhibits include performance attribution, risk analytics, policy portfolio benchmarking, the impact of private investment programs on portfolio liquidity, the use of external managers by asset class, payout rates, payout distribution components, and payout objectives.
Keeping Underwater Endowments Afloat (and the Programs They Support)
When endowment funds slip “underwater,” institutions must evaluate the tradeoff between distributing anticipated budget support and restoring the endowment to its original value.
The Private Path to Latin America’s Most Dynamic Sectors
For investors seeking regional diversification and differentiated exposure to emerging markets, Latin American private equity and venture capital warrants serious consideration.
Is a Crisis Likely in the UK Commercial Property Sector?
No, but we do expect UK commercial property prices to re-rate to a lower level as investors grapple with the consequences of the Brexit vote.
Has the GBP Bottomed? Not Likely
History implies there is more downside for the pound; we expect the currency to remain volatile and range bound as the long road to Brexit is just starting.
Brexit: Outlier or Harbinger?
Investors should take seriously the prospect that Brexit is different from the crop of recent crises. Given that a substantial (and growing) constituency across EU countries now supports a breakup, the risks of real departures from the Eurozone no longer seem so remote.