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LATEST ARTICLES
Certain uncertainty
In his annual outlook, Piers Hillier, CIO of RLAM, delves into the potential developments for the year ahead, from the persistent challenges of inflation and market volatility to the transformative impact of artificial intelligence and the political shifts in the US and Europe.....
Prime opportunities within direct lending
Within the direct lending universe M&G Investments believes the most attractive opportunities lie within the more conservative end of the mid-market. We explore why this is likely to be the case and how conditions within the asset class have changed....
LocalTapiola’s Private Markets Allocations
Local Tapiola´s Director of Private Equity & Private Debt, Tero Pesonen, talks to us about tactical allocations and how a broader mandate, with more flexibility, allows for a wider collection of return drivers and better diversification......
Pure Play Bank Risk Sharing and Regulatory Capital
Whitecroft argue that bank risk sharing (also known as SRT) could deliver returns as good or even better than high yield or leveraged loans, but with a portfolio of mainly investment grade assets. The market is booming but deal selection is key....
Private credit: Europe vs the US
Investors’ appetite for private credit shows no signs of abating, with estimates suggesting it will double in value over the next five years. But within the asset class, choices need to be made. With Europe and the US dominating almost 90% of the market, what are the key differences between these regions and where should investors set their focus?
Small caps riding the AI wave
The rapidly spreading use of artificial intelligence is even further and more dramatically intensifying the demand for powerful semiconductor chips. But how does the increased use of artificial intelligence impact the semiconductor sector and what risks and opportunities does it provide to small-cap companies in particular?
Quant factors, discretionary analysis and carbon measurement for danish mortgages
Jyske Bank’s independent asset manager, Jyske Capital, is the first manager we have seen applying quantitative style factors as part of its process for selecting Danish mortgage bonds. It is also unleveraged. Allan Willy Larsen, Head of Mortgage Bonds, talks to us about the strategy which has outperformed it´s benchmark over the last decade.......
AP3 Revisits Emerging Market Equities
Jonas Thulin, recently appointed CIO of the third Swedish buffer fund, talks to us about re-entering emerging markets and the importance of letting tactical work complement strategic allocations to drive returns.... ........
DCAP Select launch: a barbell of AI venture capital and liquid strategies
How can investors combine exposure to cutting edge venture capital investing, with daily liquidity? A new hybrid vehicle, combining a fund of funds with direct investments into private companies, could be a solution......
Growing investment opportunities amid bank deleveraging trend
As banks double-down on capital relief and balance sheet optimisation, this is creating an attractive and unique entry point for investors to gain exposure to the core, yet ‘harder-to-access’, parts of bank balance sheets and earn potentially attractive risk-adjusted returns.....
Gaining exposure to surging military spending
With Finland and Sweden joining Nato, continued war in the Ukraine and tensions in the middle east, weapons are in high demand. While they are a controversial topic, investors are carefully evaluating obvious ESG concerns as they consider the defence sector and how to access it.....
Aegon Asset Management´s alternative credit platform – Yield pickups across the risk spectrum
The Dutch insurance giant continues to add innovative strategies to an already impressive range of alternative credit products. We spoke to Frank Drukker and Peter Slob to find out what they are bringing to the Nordics......
Are markets too complacent on inflation?
Markets believe central banks have solved the inflation problem without causing a recession. Not so fast! The re-emergence of inflation could again be one of the biggest risks to markets in 2024.
The “Fallen Angels” anomaly – a special sub-asset class in credit investing
Fallen angels – or high yield bond issues that were formerly investment grade – have seen an extraordinary run of outperformance, through multiple credit market and sector specific cycles over the past two decades. We look at why........
Transaction Cost Analysis: Has Transparency Really Improved?
Transaction cost analysis (TCA) awareness is on the rise, with equity and bond investors increasingly recognising trading as a key area of leakage.....
Will China’s economy regain its roar in the Year of the Dragon?
As East Asia celebrates the Lunar New Year on 10 February 2024, investors in Chinese equities will be relieved to bid farewell to the disappointing Year of the Rabbit, and may wonder whether the Year of the Dragon – traditionally considered one of the luckiest in the Chinese zodiac – will live up to its reputation......
Additionality: the secret sauce or the snake oil of impact investing?
Many impact investors are keen to demonstrate or be assured that the world changed as a result of an investment made. Brunno Maradei, CFA, Global Head of Responsible Investment at Aegon AM, suggests there is a need to look beyond additionality in the pursuit of authentic impact investing
Is sustainable aviation fuel an oxymoron?
It is critical that we reduce and decarbonise aviation as soon as possible, but this is challenging as alternative technologies are not ready today. Does Sustainable aviation fuel offer a real-world way to continue flying more sustainably?
Defining impact investing – evidence, measurement and positive outcomes
As impact investing is picking up increasing interest amongst Nordic investors, we look at some of the nuances and specifics that should be considered when defining strategies......
Inflation, Rates and Risk Management: Implications for Insurers
In a dramatically reshaped macro and market landscape, insurance investors are in uncharted waters. What are the keys to navigating them?
Private credit: attractive income and return potential in a ‘higher for longer’ world
While global interest rates raced higher last year, 2023 has been characterised by a cooler economic environment as central bank tightening slows and rates stabilise. Invesco´s experts from their direct lending, bank loans and distressed credit teams share their views on what’s next, and what this means for private credit investors......
Private markets: three ideas for 2023
An increasingly varied universe, private markets may offer interesting entry points for investors amid volatility in public markets and demand for capital. We highlight three areas to consider.....
Global real estate and banking sector turmoil: Have the storm clouds passed?
The turmoil in the banking sector which erupted in March sparked a degree of panic lasting into April. In this mid-year view, M&G ask: is the worst of the banking turmoil over, and how concerned should we be about any impact on the property market that may lie ahead?
The case for a market neutral Absolute Return Government Bond fund
The unfolding environment has never been better for an active manager in the sovereign bond space, argues Craig Inches of Royal London Asset Management. He sees several strategic and tactical opportunities persisting for several years and he outlines them here.........
NordicInvestor roundtable – diversifying private debt portfolios
Allocators and asset managers from Sweden, Finland and the Netherlands discussed geographic diversification, market timing and distressed opportunities, credit ratings, defaults and workouts, sizes of corporate borrowers and consumer versus corporate risk. Most allocators’ existing exposure to private debt is well below their targets and there is plenty of capital to deploy.
Inflation’s bite is worse than its bark
Markets are barking up the wrong tree if they think interest rates will come down before inflation does, says Robeco´s multi-asset investor Colin Graham.
Biodiversity impacts asset managers
As you read this article, an animal or insect species, somewhere in the world, will disappear forever. Due to the impact of human activity on the natural world, in the past decades biodiversity has been declining 100 to 1,000 times faster than what would be considered natural. This development threatens not only nature, but also human survival.......
Impact private credit: investing beyond the bottom line
Challenging the consensus view that impact investments are only possible via equity, interest is growing in impact credit as an innovative, targeted, and effective response to big global issues, including climate change. Financing is provided for firms delivering positive financial returns, as well as material and measurable environmental and/or social impact.....