China has recently opened its domestic bond market to foreign investors. At first glance this is a huge opportunity for investors. However, as with many things in China, the story is more complicated than it appears.
Private credit offers distinct advantages and appeal in a low return environment, but investors should be aware that behind the name is a diverse array of strategies, some more familiar to institutional investors than others, each with idiosyncratic risks. In this report, we describe the broad array of private credit strategies and position them along the risk/return spectrum, review the investment process, discuss expectations for the performance of these strategies in various parts of the economic cycle, and highlight some key risks for investors to consider.
This primer provides an in-depth overview of buyouts, including types and characteristics, the investment process, returns, risks, and the due diligence process.
This paper describes our approach to developing input assumptions for use in mean-variance analysis. Appendices cover the weaknesses of other approaches, as well as taxable considerations.
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 primer discusses the basics of investing in the global mining sector and identifies the key drivers of value and the potential risks associated with investing in the sector.
This primer revisits the widely misunderstood practice of short selling, considers the associated risks, and addresses the role of dedicated short sellers in a broad investment portfolio.
This primer provides an overview of the secondary market and discusses the role of secondaries in a diversified investment portfolio.
This primer discusses securities lending programs.
A primer designed to help investors navigate the often bumpy road of investing in emerging markets equities. Topics covered include rationalizations, concerns, and strategies for investing in emerging markets equities.