Bilal Hafeez, Viresh Kanabar
Summary Momentum, growth, and quality have all outperformed the market in the last six months due to exposure to companies with strong earnings growth and profitability. These factors have also exhibited the least sensitivity to changes in bond yields recently, as the market gives more importance to higher cash flows than the discount rate. Market […]
Bilal Hafeez, Viresh Kanabar
Summary Private Equity (PE) exits in the US fell 26% last year, resulting in a collapse in distributions paid to investors. Despite this, SWFs, Endowments, and other LPs continue to suggest increasing allocations to PE in the coming years. PE managed to immunise their PortCos against higher rates, but PE returns have underperformed public market […]
Bilal Hafeez
Denise Shull is the Founder and CEO of ReThink. In that role, she uses neuroscience and modern psychoanalysis to help clients become successful in investing, trading, and leading teams.
Bilal Hafeez, Viresh Kanabar
Private market activity has fallen in H1, with total vehicles closed down over 50%. Investment trusts exposed to the private market are currently trading at wide discounts to their NAV as low liquidity and fears over asset valuations hurt investor sentiment.
Bilal Hafeez, Viresh Kanabar
We reduce our max overweight position in cash as the forward outlook requires a less defensive posture.
Bilal Hafeez, Viresh Kanabar
Strategies like the 60/40 portfolio gained in popularity due to the negative correlation between stocks and bonds. However, this is a more recent phenomena as the correlation was positive before the 2000s.
Matthew Tibble
We evaluate the latest S&P 500 trends and market drivers by considering all the relevant factors and risks to answer the question: Is S&P 500 a good investment now?
Bilal Hafeez, Viresh Kanabar
We stay overweight cash and TIPS while maintaining our underweight allocation to equities, long-duration bonds, property, and private equity.
Bilal Hafeez, Viresh Kanabar
This month, we expand the coverage of our asset class views and provide further granularity in each component.
Bilal Hafeez
Gavyn is a Founder and the Chairman of Fulcrum – a $5bn independent asset management firm. Prior to Fulcrum, Gavyn was Chairman of the BBC from 2001. He joined Goldman Sachs in 1986 and became Partner in 1988 when he also became the Chief Economist as well as Chairman of the Research Department until he left in 2001.
Bilal Hafeez
Zar Amrolia was recently the co-Chief of XTX Markets – one of the top algorithmic trading companies in the world. Before XTX, Zar was Co-Head of Fixed Income, Currencies and Commodities at Deutsche Bank and a Partner at Goldman Sachs.
Bilal Hafeez
Ken Tropin is a legend in the macro space. He is the Chairman and the founder of Graham Capital Management (GCM) - $18bn fund. Ken founded GCM in 1994 and over the last 28 years has grown the firm into an industry leading alternative investment manager focusing on global macro discretionary and quantitative hedge fund strategies.
Bilal Hafeez
While many were panicking about a 2008-style bank crisis, we cautioned against such predictions. So far, our view has been right.
Bilal Hafeez
Peter Spiller is the one of the most respected value investors in markets. He is the Founder and CIO of boutique investment house CG Asset Management. Prior to founding CGAM in 2000, Peter was a partner and strategy director at Cazenove & Co Capital Management and a US equity investor at Capel Cure & Myers.
Bilal Hafeez
Geoff Rubin is Senior Managing Director and Chief Investment Strategist at CPP Investments. The Canadian Pension Plan is one of the world’s leading pension managers with over $530bn in assets.
Bilal Hafeez
Jim Leitner serves as President of Falcon Management Corporation and CIO of Falcon Family L.P. a family office. Previously, he worked as a foreign exchange trader at Morgan Guaranty...
Sam van de Schootbrugge
A new NBER working paper investigates the correlation between US macroeconomic data releases and foreign stock markets.
Bilal Hafeez
In 2022, we outlined our ‘everything breaks’ portfolio, which meant constantly overweighting cash above all else.
Bilal Hafeez
Mustafa is a rates guru and member of the research team at Macro Hive. Before this, Mustafa was the Head of Rates, FX, and Derivatives at Voya Investments, where he helped manage $40 billion of assets.
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