Insights
Welcome to our Insights, where you can find our latest papers on investment markets, webinars, videos and press releases
Search Insights
Filter
Category
Expertise
Collection
- Equities
- Papers
With rates at their highest for the past two decades, and fixed income allocation at the lowest due to the bloodbath for duration in 2022, many pension plans intend to reduce their equity allocation to collect the highest coupons they’ve seen for a long time.
In this paper, we argue that all equities should not be treated equally in that reallocation move – while rebuilding a material fixed income exposure makes sense, some equity strategies should not be used to fund this reallocation, namely low volatility equities.
- Private equity
- Papers
Despite anecdotal reports of scattered deal doing, the odd headline-grabbing exit and multiple fund managers on the road fundraising, the overall market data continues to show subdued activity.
The post-COVID heights reached in 2021 remain a distant memory. Investment activity in Q3 was stable vs Q2 but the overall year-to-date is almost 40% down vs the same period last year.
- Wealth management
- Papers
Is optimism warranted as we close the first half of 2023? The performance of equity markets in H1 could suggest so. Stocks have rallied as the macro environment has provided a relatively good mix of rapidly falling inflation with growth holding up and the largest part of rate hikes in this cycle now behind us. The latter effect seems to be driving sentiment, although central bankers have been clear that their inflation job is making progress but is not complete. In the second half of the year, investors will witness economies that are slowing as credit conditions deteriorate and financial stress coming and going on a regular basis.
- Private equity
- Papers
While 2022 ended with a surge in investment activity, 2023 has begun with a whimper. Driven by continued macro uncertainty around increasing interest rates, untamed inflation and questionable growth, private equity managers have largely slowed down their investment pace. Investment activity was less than half that of the first quarter of 2022.
Meanwhile, exit activity was down by the same proportion, albeit off an already low base.
- Private equity
- Papers
While 2022 ended with a surge in investment activity, 2023 has begun with a whimper. Driven by continued macro uncertainty around increasing interest rates, untamed inflation and questionable growth, private equity managers have largely slowed down their investment pace. Investment activity was less than half that of the first quarter of 2022.
Meanwhile, exit activity was down by the same proportion, albeit off an already low base.
- Equities
- Papers
In a much wider background of life and excellence, the ancient Greek philosopher passes his wisdom to his disciples revealing the essence of quality in the dimensions of time, attitude and legitimacy.
- Equities
- Papers
Inflation has made a marked comeback this year with Russia’s invasion of Ukraine early in 2022, combined with the worldwide easing of restrictions related to the Covid-19 pandemic, pushing commodity and energy prices much higher. These inflationary forces are having knock-on effects throughout the economy, dampening growth expectations.