U.S. Fixed Income: Q1 2020 Update
As we ponder what has transpired since the beginning of 2020, and as we look back at the first quarter, we are struck by a plethora of thoughts given the monumental difference between how the year began and the quarter ended. To begin, the economic situation in which we find ourselves is…
Systematic Global Equities: Q1 2020 Update
The new decade of 2020 began in an unprecedented way. There were two distinct phases to the first quarter of the year. The first was characterized by an equity market surging to all-time highs despite concerns about a manufacturing slowdown, geopolitical tensions, and US political uncertainty.
Q2 2020 Market Outlook: Global Financial Markets are on Policy-Induced Life Support – What’s Next?
Widespread social distancing has been akin to emergency sedation of global economic activity while the extensive fiscal and monetary stimulus has provided life support.
The Role for Credit In Short Duration Portfolios
Topic Overview This short piece describes our analysis of historical return patterns for short duration fixed income assets and an assessment of the benefits and drawbacks of investing with an inherent bias towards spread products over a range of market cycles....
What’s Driving ESG Returns – A Look Under the Hood
Interest in environmental, social, and governance oriented investing, or ESG investing has increased substantially in the past few years. More and more asset owners and asset managers are embracing the idea of focusing on investments with better ESG profiles and this...
COVID-19 Is a Stress Test Exposing Structural Hurdles in Both Our Financial System and Society
We are in strange and scary times. We are at war with a virus which is all the more deadly in that it cannot be easily discerned but it is metastasizing geometrically. Moreover, COVID-19 and the measures required to contain…