Featured Insights


Chart of the Week

EM STOCKS: ROOM TO MOVE

Source: Bloomberg, 9/30/17. Past performance is no guarantee of future results. Indexes are unmanaged, and not available for direct investment. Index returns do not include fees or sales charges. This information is provided for illustrative purposes only and does not reflect the performance of an actual investment. 

EM Stocks: Room to Move

Chart of the Week

Market Snapshot

U.S. growth: Mixed signals

The Fed looked toward a December hike as a more varied picture emerged; Catalonia chose to pause; China prepared for its 5-year People's Congress


Featured Insights

Market Outlook
Sep 26
Market Outlook

Brandywine Global quarterly letter 2Q 2017

Normalization

September 26, 2017

Brandywine Global's March quarterly commentary stated that the sustainability of the synchronized global expansion would turn out to be the main issue going forward. That has clearly become the case entering the third quarter of the year. Read on to find out why Brandywine Global believes that the reflationary expansion in the global economy is real and sustainable... and what the risks could be.

Investment Insights
Aug 31
Investment Insights

Around the Curve

A Yen for the yen?

August 31, 2017

Japan has been pumping out some relatively spectacular growth numbers this year. Yet, the modest upward trajectory of the yen has been underwhelming. What’s the story? And is this growth a flash in the pan or a whiff of something different coming out of Japan?

Investment Insights
Aug 09
Investment Insights

Around the Curve

Bridges Freeze Before Roads: Go Slow

August 09, 2017

In a way, the Fed was a key first responder to the global financial crisis (GFC). And now, it’s going to be the first major central bank to pursue quantitative tightening (QT), the more uncertain leg of its great “monetary policy experiment.”

Investment Insights
Jun 28
Investment Insights

Around The Curve

Breaking Argentina’s Default Cycle

June 28, 2017

Investments in Argentine debt have performed well over the past year as the macroeconomic policy mix shifts in the right direction. However, given the sovereign’s history of frequent defaults, we and other market participants understandably spend a lot of time thinking about what could go wrong.

Market Outlook
Jun 19
Market Outlook

Around The Curve

The Contradiction of Shale

June 19, 2017

“Black gold,” like the precious metal it borrows its nickname from, has caused investors a lot of pain in the past decade. But whereas the precious metal no longer impacts the world economy like it once did, oil prices dramatically impact consumer behavior, employment, and the budgets and fortunes of many nations. It can even impact industries far beyond energy, from autos to airlines, and chemicals to utilities. Very few people saw the collapse in oil from $100 to sub-$30, many didn’t foresee the rise back to $50, and the market has much more fear than conviction in the next move.

Market Outlook
Jun 15
Market Outlook

Around the Curve

A Tourist’s Guide to Currency Management

June 15, 2017

It’s that time of year when friends and colleagues are asking about summer vacation plans. Interestingly, this question happens to dovetail with the requests we get on where we potentially see value. For those tourists who are stuck on ideas, a first logical step may be to identify favorable exchange rates to help narrow down potential destinations.

Investment Insights
Mar 20
Investment Insights

Unconstrained Fixed-Income Investing

The Alternative "Alternative"

March 20, 2017

Is there still opportunity in traditional fixed income? Yes, there are certainly opportunities, provided investors work with an adept manager who offers a suite of strategies with flexible guidelines to help navigate through changing market conditions.

Market Outlook
Feb 28
Market Outlook

Opportunities in High Yield

Balancing Yield and Risk

February 28, 2017

Low rates have pushed yield-starved investors further down the quality spectrum - and they could end up reaching for too much default risk or further down the liquidity rabbit hole. Which areas remain attractive in the High Yield space?

13/13
Top

All investments involve risk, including loss of principal. Past performance is no guarantee of future results. Please see each product’s webpage for specific details regarding investment objective, risks associated with hedge funds, alternative investments and other risks, performance and other important information. Review this information carefully before you make any investment decision.