Financial markets had been treating generative AI as some kind of unstoppable force that could not be hampered by higher interest rates or political and social resistance. But reality may now be setting in.
A static fixed income allocation was built for a world that no longer exists. Absolute return fixed income is the diversification prize. A factor-based framework can help investors when assessing these strategies.
A multi-sector approach offers a credit opportunity set ~10x larger than private credit, daily liquidity instead of quarterly gates, and diversified relative value across every sector – capturing similar yield without concentrating risk in one illiquid slice.
The winners of a technological revolution are not necessarily the top choice for bondholders. Innovation and evolution in both the automotive and technology industries illustrate why investors must look beyond broad sector trends.
The defining development of the week was the increasingly visible tension between technological ambition and the economic resources required to finance it. Credit markets are demanding greater compensation for risks that previously attracted comparatively little scrutiny.
Led by behavioural finance expert, Herman Brodie, the Behavioural Finance - Investment Decision-Making course will help you identify, analyse and evaluate the principal human preferences that influence decision-making in situations of uncertainty, so you can recognise and identify these preferences in others, to improve investment decision-making.
Private debt has grown in popularity as an alternative source of debt financing, with the asset class tripling in size since 2008. This self-paced, two-hour online short course equips you with the expertise to navigate private debt investment confidently across diverse market conditions.
Rising short- and long-term government bond yields have cast doubt on the sustainability of some public debts and led many to ask if a crisis might be looming. Can the bond vigilantes impose fiscal discipline and prevent a debt crisis?
Decades of evidence show that the average active manager underperforms the market after fees. Systematic active-extension strategies have historically outperformed traditional long-only active managers by significant margins.
This Research Spotlight focuses on the Royal London Global Equity Select strategy, a benchmark-unaware global equities strategy utilising a business life cycle investment approach to identify materially undervalued companies.
Heavy Assets Low Obsolescence (HALO) assets in infrastructure are staring into the biggest step change in energy demand ever seen, offering compelling opportunities for investors.
For much of 2026, the expansion of AI infrastructure helped support corporate profitability, economic activity and equity valuations. Now, the possibility that financing constraints could slow that investment is beginning to influence the pricing of assets well beyond the technology sector.
By concentrating wealth and economic opportunities in a few cities while destroying the low-cost jobs that have historically fueled global development, AI could end up making much of the world poorer and more divided.
As investors navigate a new market regime, maintaining eyes on the prize means preserving investment objectives. Asset Based Finance is a powerful portfolio diversifier and a differentiated source of income, complimenting traditional direct lending.
Many of the traditional sources of diversification – including bonds, private markets and hedge funds – have become increasingly caught up in the same market forces. This makes alternative risk premia crucial in portfolios.
Every era convinces itself it is living through something unprecedented. Noise and cognitive bias can distort our reading of the world – but a fresh lens reveals just how resilient the global economy really is.
The early earnings season confirms that the American economy retains considerable resilience. Yet financial markets are becoming considerably more selective about what constitutes a good result.
America's fiscal position is increasingly looking like a train hurtling along a twisting mountain track. The start of a public-debt crisis is usually pretty straightforward. The end is much harder to predict.
Portfolio construction is moving beyond asset-class labels and deliberately selecting the exposures that matter most. Many of the most important portfolio decisions are no longer being made in traditional core allocations, but in the targeted exposures investors choose to build around them.
Traditional strategic allocation frameworks may be too static for a macro backdrop that continues to evolve. Connecting macro signals to portfolio construction helps manage changing risks and opportunities and build portfolios with greater confidence and consistency.
Fundamental active equity allocations should be shorter term, tactical, alpha seeking allocations and/or focused on alpha generating strategies that help to reduce overall portfolio risk.
The most consequential development in financial markets is becoming the competition for capital. Governments are borrowing heavily, technology companies are raising extraordinary sums. … all while long-term government bond yields are approaching levels not seen in more than two decades.
