Trade talk optimism lifts prices, but price gains become smaller We think that in the months ahead, commodity prices will be influenced by the trade deal narrative. Positive news from the talks will lift commodity prices further (such as industrial
The low yield environment of the last couple of years has led to a search for yield which started in public markets but has extended to private markets as well. Many institutional investors have made allocations to a range of
Conviction • Concentration • Consensus • Crowdedness The Novus 4C Indices track important hedge fund factors through public equities. The data underlying index creation is sourced from an aggregate hedge fund portfolio called the Novus Hedge Fund Universe (HFU). HFU is
Digitize or jeopardize Alternatives face disruption, as digitization becomes the North Star of the industry Adoption of digital innovations so far has been a matter of more haste, less speed Alternative investing will shift up a gear, as organic growth
1Q 2019
How European-Based Asset Owners Are Solving Their Alternative Investment Challenges As asset owners increasingly look to alternatives to help both grow and diversify their portfolios, they are drawing on a variety of approaches to boost their exposure. Today, the conventional
Hedge funds were once praised for extracting superior performance relative to traditional asset managers. More recently, however, we have witnessed a growing tide of negative sentiment directed at them, driven by a lengthy period of lacklustre hedge fund returns coupled
2018: Trees Don’t Grow to the Sky Regression to the mean. Or, as we’ve been known to say before, trees don’t grow to the sky. That sentiment seemed to be the theme of 2018 market movement. Stocks finally came off
The Weekly Brief The market rebound since end of December is in stark contrast with the adverse conditions that prevailed in December for risk assets. In our view, the main reasons behind the turnaround are related to: i) a softer
2019 To help you navigate this shifting investment landscape, we are pleased to share our first J.P. Morgan Global Alternatives Outlook.
At the tipping point Sweeping change has taken hold of the financial services industry: robotics and artificial intelligence (AI) are fundamentally changing the relationship that financial institutions have with end users, the vast proliferation of data is changing the way
Opalesque Round Table Co-Investments are equity, debt or other exposures offered by fund managers to their investors directly in the portfolio companies, project or trade in which they invest. They can offer access to high-conviction ideas and differentiated return streams
The Weekly Brief It’s been a puzzling start to the month. A sector rotation in equity markets has fueled defensive sectors such as telecommunications services and utilities in the U.S. Meanwhile, the détente in Italy in a context where political
The Weekly Brief European investors bore the brunt of the market turmoil over the course of August. Turkey’s currency crisis and the widening of Italian sovereign spreads translated into an underperformance of European assets versus the U.S. for both equity
Investment Outlook We expect markets to experience heightened volatility in the coming months as a number competing forces buffet the global macroeconomy, causing sentiment fluctuations in all asset classes. Central bank liquidity removal will be a key theme, an event
Perspectives Alfred W. Jones opened the doors of the world’s first hedge fund firm almost 70 years ago. He could not have known it at the time, but his innovations would sow the seeds of a new industry that would
The Weekly Brief Coping With Political Uncertainties. This week, hedge fund returns were dragged by CTAs. Early signs of the Bank of Japan moving out of zero interest-rate policy hit their Japanese bonds and short JPY positions. Some Event-Driven strategies also
The alternative advantage The stock market’s sustained and energetic rise was generally celebrated throughout 2017 and the first quarter of 2018. Considered a sign of strong underlying fundamentals, the increase was seen as an indication of investor optimism about where
The weekly brief There was an escalation of the trade war between the U.S. and China over recent days as China threatened to raise tariffs on another USD 200bn of imports from U.S. Nonetheless, risk assets rebounded since end of
Investment strategy third quarter 2018 Global growth remains well sustained and the business cycle is set to extend further. However, headwinds are firming up with growing political risks and tighter USD liquidity, a challenge to stretched valuations on many markets. On
Case Study: Bespoke Solutions For years, institutions have turned to Intech® to complement their lineup of traditional managers. In 2016, one of our large European public clients approached us about building a bespoke investment solution to help them meet their
Welcome to our sixth annual study of sovereign investors, which gathers unique perspectives from senior investment professionals managing the assets and reserves of sovereign wealth funds, state pension funds and central banks globally. This is a unique undertaking, being an
Shift into Private Markets Continues Because Sovereign Wealth Funds (SWFs) play such an important role in global capital markets, we continue to track their asset allocation preferences. The following report is an update to our 2015 study of SWF asset allocation. Our
Working Together in a Mixed Asset Portfolio Timberland and farmland assets have been used and tracked as components of institutional portfolios for over two decades, establishing a strong historical record of performance, low to moderate risk, and favorable diversification characteristics.
The Weekly Brief The threats exchanged between the U.S. and China regarding trade and the imminence of tariff implementation spurred investors to reprice an escalation risk. Assets in China and Asia, industrials and resources sectors, as well as export-driven stocks
