Through the lens

  • Credit - stick to the fundamentals

    01 December 2016

    In a world in which some 50% of investment grade-rated bonds are trading with a yield of less than 1%, generating a compelling return from credit is a challenge. Even with the recent increase that has followed the US presidential election, yields and credit market returns remain low, posing challenges for client-specific outcomes around growth and income.

    Read more
  • European Retail – the age of digital disruption

    23 November 2016

    In a world of increasing digital disruption, we are seeing many companies adopt new technology and techniques to run their business and meet evolving customer demands. Companies will have to adapt to survive but this remains part of the life blood of a growing dynamic economy and presents multiple opportunities for bottom-up investors.

    Read more
  • Emerging Market Local Currency Debt - putting country first

    28 September 2016

    Emerging market (EM) countries tend to display greater economic and political diversity than their more homogenous developed market counterparts.

    Read more
  • The rise or demise of the machines?

    18 August 2016

    Given concerns over growth, the European equity market looks fairly fully valued compared to longterm historical levels and we have seen de-ratings at both a market and company level. This has not been helped by challenging market liquidity levels.

    Read more
  • Wall Street versus Main Street

    13 June 2016

    With mixed data signals coming out of the US and investors concerned by recent volatility, it becomes increasingly important to look beyond macroeconomic headlines and find grass roots opportunities. One question we have been asking is could 2016 be the year of the reverse wealth effect for US consumers?

    Read more
  • Ringing in the changes

    18 April 2016

    European equity markets had a turbulent first quarter, falling 8%*. Additionally, volatility and uncertainty have increased, with risk re-priced as a result of growth rates being brought into question.

    Read more
  • Planning ahead

    23 March 2016

    One of the challenges of pursuing absolute returns is constructing portfolios that work in multiple scenarios and insulate investors against extreme market downturns.

    Read more
  • Global credit – 2016 threats and opportunities

    18 February 2016

    After a turbulent 2015, credit markets have started 2016 in even more volatile fashion. Increased concerns for the prospects of the global economy have prompted an uptick in risk-aversion and a strong bid for safe haven assets.

    Read more
  • Just the tonic

    10 February 2016

    As part of our smaller companies research process we look for companies that exhibit quality, growth and momentum characteristics.

    Read more
  • Fusion – where macro and micro meet

    11 December 2015

    We live in volatile times. Concerns about China, the debate over when the US Federal Reserve will raise rates and a huge emerging market sell-off are all creating uncertainty. Equity markets in particular have experienced pronounced swings in sentiment. Meanwhile, bond markets are no longer seen as relative safe havens.

    Read more