Insights

Sustainable Investing

Sustainable investing and how it impacts corporations and investment managers

Nov 03, 2021

Bruno Paulson discusses how the increase in sustainable investing regulations is impacting corporations and investment managers.

Sustainable Investing

Debunking Six Myths About Climate Investing

Oct 27, 2021

AIP Private Markets’ Head of Impact Investing finds that solutions to climate change are nuanced and may generate compelling investment opportunities.

Sustainable Investing

Global Sustain – High quality, low carbon investing

Oct 26, 2021

In 60 seconds learn about the carbon-light global equity portfolio that is resilient through volatility, aligns with your priorities, and is managed by portfolio managers with the access to engage directly with companies.

Global Fixed Income Bulletin
Global Equity Observer

Global Fixed Income Bulletin • Nov 2021

Is Monetary Policy Angst Overdone?

Global Fixed Income Bulletin • Oct 2021

Who Let the Hawks Out?

Global Fixed Income Bulletin • Sep 2021

Traversing Peaks

Global Fixed Income Bulletin • Aug 2021

What's Going On?

Global Fixed Income Bulletin • Jul 2021

Where Is All the Yield Going?

Global Fixed Income Bulletin • Jun 2021

Where Did Volatility Go?

Global Fixed Income Bulletin • May 2021

Welcome to the Brave New World!

Global Fixed Income Bulletin • Apr 2021

The More Things Change, the More they Stay the Same

Global Fixed Income Bulletin • Mar 2021

A Tantrum, or the Return to Fair Value?

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Global Equity Observer • Nov 2021

Supply Chain Squeeze

Global Equity Observer • Oct 2021

No Margin for Error

Global Equity Observer • Sep 2021

Advance Warming

Global Equity Observer • Aug 2021

Global Equity Observer: A Collection of Quality Insights – Volume 1

Global Equity Observer • Aug 2021

Back to Basics

Global Equity Observer • Jul 2021

Quality in a Brave New World

Global Equity Observer • Jun 2021

Low Carbon Ambition

Global Equity Observer • May 2021

Scale and Diversification

Global Equity Observer • Apr 2021

Is quality now (relatively) on sale?

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Caron's Corner • Dec 06, 2021 • 13:29 Min
Can You Handle the Truth? What the Yield Curve Is Telling Us. Jim Caron Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

Insight Video • Dec 06, 2021 • 2:19 Min
Health of the economy and our portfolios Bruno Paulson The International Equity Team’s Bruno Paulson discusses how the team positions its global portfolios to achieve concentrated exposure to long-term compounders, no matter macroeconomic conditions.

Insight audio • Dec 03, 2021 • 5:16 Min
Municipal Update with John Dillon Fixed Income Managed Solutions John Dillon, Lead Municipal Portfolio Manager, Fixed Income Managed Solutions Team, discusses trends and opportunities in the municipal markets. Listen now.

Caron's Corner • Nov 29, 2021 • 11:50 Min
Once More Unto the Breach. . .but Looking for Opportunities Amid Volatility Jim Caron Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

Global Equity Observer • Nov 24, 2021
Supply Chain Squeeze Nathan Wong Something unusual is underfoot: company profit warnings caused by a lack of supply, rather than an unexpected drop in demand. In this environment pricing power is vital to profit margin, as the International Equity team explains.

Market Alert • Nov 22, 2021 • 5:18 Min
The Key Ingredient for the 2021 Bull Market is Still in the 2022 Mix Andrew Slimmon Andrew Slimmon, Head of the Applied Equity Advisors Team, offers a timely perspective on what is shaping the markets now as well as insights on investment opportunities and risk within global equities. Listen to his Market Alert.

Insight audio • Nov 19, 2021 • 5:01 Min
Municipal Update with John Dillon Fixed Income Managed Solutions John Dillon, Lead Municipal Portfolio Manager, Fixed Income Managed Solutions Team, discusses trends and opportunities in the municipal markets. Listen now.

Insight Article • Nov 16, 2021

A Solution in a Rising Rate and Inflationary Environment

Global Fixed Income Team

The strong post-2020 economic recovery has led to a new era ruled by rising yields and higher inflation. Going forward, we believe it will be critical to invest in areas of fixed income that may be less impacted by rising rates. In our view, the Morgan Stanley Global Fixed Income Opportunities Fund is well-positioned for this environment.

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Market Pulse • Nov 16, 2021 • 15:42 Min
Fixed Income Update with Kevin Lynyak Kevin Lynyak Kevin Lynyak, Head of Fixed Income Managed Solutions and Lead Fixed Income Portfolio Manager, discusses trends, risks and opportunities in the fixed income markets. Listen now.

Insight Article • Nov 15, 2021
Credit Markets Brace for Inflation: Winners vs. Losers Global Fixed Income Team With U.S. inflation accelerating to its highest rate in a decade, the U.S. Investment Grade Research Team provides a detailed snapshot on the effects the surrounding uncertainty is having on fixed income sectors.

Caron's Corner • Nov 15, 2021 • 12:47 Min
2022: A Year Ahead Without a Consensus Jim Caron Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

Global Fixed Income Bulletin • Nov 15, 2021
Is Monetary Policy Angst Overdone? Global Fixed Income Team While policy normalization has begun, learn why we believe major central banks will likely take a more leisurely approach to policy adjustments than the market expects and why we feel it will be a ‘long and winding road’ to tighter monetary policy.

Insight Article • Nov 12, 2021
Preferred Market Update Kevin Lynyak, James Benadum Kevin Lynyak and James Benadum provide a review and outlook on the Preferred Securities Market.

Insight Article • Nov 11, 2021
Twists and turns: Central banks and the yield curve begin to react to persistent inflation Kevin Lynyak, John Dillon, James Benadum Higher than expected inflation has caught the attention of global central banks and bond markets. The FIMS team explores.

PATH • Nov 10, 2021
Winds are changing? Andrew Harmstone, Manfred Hui As markets recovered in October and market volatility fell, we increased equity exposure while keeping an eye on rising energy prices, central bank tapering and China property risks. Read more on why we think market winds may be changing.

Caron's Corner • Nov 08, 2021 • 12:45 Min
Market Disconnect? Bond Yields Face-Off Against Inflation Risks Jim Caron Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

Takeaways & Key Expectations • Nov 08, 2021
Equity Market Commentary - November 2021 Andrew Slimmon In his November TAKE, Andrew Slimmon details why it’s entirely logical the S&P 500 has done so well this year. And the market is following one of the most simplistic rules of investing.

Insight audio • Nov 05, 2021 • 5:39 Min
Municipal Update with John Dillon Fixed Income Managed Solutions John Dillon, Lead Municipal Portfolio Manager, Fixed Income Managed Solutions Team, discusses trends and opportunities in the municipal markets. Listen now.

Sustainable Investing • Nov 03, 2021 • 2:42 Min
Sustainable investing and how it impacts corporations and investment managers Bruno Paulson Bruno Paulson discusses how the increase in sustainable investing regulations is impacting corporations and investment managers.

Caron's Corner • Nov 03, 2021 • 10:35 Min
FOMC Recap: Policy Optionality Matters - No Rush to Hike Rates Jim Caron Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

Media Appearance • Nov 02, 2021
Morgan Stanley’s Lauren Hochfelder on Real Estate Outlook Lauren Hochfelder Lauren Hochfelder, Managing Director, Deputy Chief Investment Officer of MSREI and Head of MSREI Americas, Morgan Stanley and Adam Schwartz, Co- CEO and Co-Chief Investment Officer, Angelo Gordon speak with Bloomberg’s Lisa Abramowicz at the Bloomberg Invest Global Summit about the outlook for global real estate.

Caron's Corner • Nov 01, 2021 • 12:50 Min
Trouble with the (Yield) Curve? No. Financial Conditions Still Easy Jim Caron Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

Global Multi-Asset Viewpoint • Oct 31, 2021
Evergrande: What If The Cavalry Never Comes? Cyril Moulle-Berteaux, Sergei Parmenov MSIM’s Global Multi-Asset Team discusses their investment perspective in the latest viewpoint: “Evergrande: What If The Cavalry Never Comes?"

Sustainable Investing • Oct 27, 2021
Debunking Six Myths About Climate Investing Vikram Raju AIP Private Markets’ Head of Impact Investing finds that solutions to climate change are nuanced and may generate compelling investment opportunities.

Sustainable Investing • Oct 26, 2021
Global Sustain – High quality, low carbon investing International Equity Team In 60 seconds learn about the carbon-light global equity portfolio that is resilient through volatility, aligns with your priorities, and is managed by portfolio managers with the access to engage directly with companies.

Sustainable Investing • Oct 26, 2021
Decarbonisation: The Inevitable Policy Response Vladimir Demine, Candida de Sliva In the second paper of their decarbonisation series, the International Equity team focuses on what the UN Principles for Responsible Investing refer to as the ‘inevitable policy response’ to global warming and asks: why does this matter for investors?

Caron's Corner • Oct 25, 2021 • 17:00 Min
A Bearish View on the U.S. Dollar and its Impact on the Market Jim Caron Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

Global Equity Observer • Oct 25, 2021
No Margin for Error Bruno Paulson Against a relatively positive macroeconomic outlook, there is the potential for significant cost pressures over the next decade, where pricing power will be the key for quality companies to protect margins. The International Equity team explores.

Engagement Report • Oct 25, 2021
Engage Autumn 2021 Vladimir Demine The latest edition of Engage, the International Equity Team’s semi-annual update on their ESG engagement activity.

Insight audio • Oct 22, 2021 • 5:42 Min
Municipal Update with John Dillon Fixed Income Managed Solutions John Dillon, Lead Municipal Portfolio Manager, Fixed Income Managed Solutions Team, discusses trends and opportunities in the municipal markets. Listen now.

Insight Article • Oct 21, 2021
Future Hindsight John Dillon John Dillon provides a review and outlook on the Municipal Bond Market.

Caron's Corner • Oct 18, 2021 • 12:33 Min
Take it or Leave it: Global Central Banks Are Split on How to Handle Inflation Jim Caron Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

Global Fixed Income Bulletin • Oct 15, 2021
Who Let the Hawks Out? Global Fixed Income Team With inflationary pressures stronger and central banks less dovish, we expect government bond yields to drift higher as we move towards tighter monetary policy.

Insight Article • Oct 15, 2021
Preferred Market Update Kevin Lynyak, James Benadum Kevin Lynyak and James Benadum provide a review and outlook on the Preferred Securities Market.

Market Pulse • Oct 14, 2021 • 10:11 Min
Fixed Income Update with Kevin Lynyak Kevin Lynyak Kevin Lynyak, Head of Fixed Income Managed Solutions and Lead Fixed Income Portfolio Manager, discusses trends, risks and opportunities in the fixed income markets. Listen now.

Sustainable Investing • Oct 13, 2021
Global Fixed Income 2021 Engagement Report Barbara Calvi In its inaugural Engagement Report, the Global Fixed Income Team provides insights on how they are engaging with companies, governments and other organisations on Environmental, Social and Governance (ESG) issues.

Insight audio • Oct 08, 2021 • 6:21 Min
Municipal Update with John Dillon Fixed Income Managed Solutions John Dillon, Lead Municipal Portfolio Manager, Fixed Income Managed Solutions Team, discusses trends and opportunities in the municipal markets. Listen now.

PATH • Oct 08, 2021
Winter is Coming? Andrew Harmstone, Manfred Hui Winter is coming and growth is slowing – but still healthy. With equity valuations high, we have reduced risk as we see limited upside and fragile, risk-off sentiment. At the same time, we are seeking opportunities to take advantage of any excessive weakness.

Consilient Observer • Oct 06, 2021

Categorizing for Clarity: Cash Flow Statement Adjustments to Improve Insight

Michael Mauboussin, Dan Callahan

Accounting has not kept pace with the changing economics of businesses, which has created a huge gap between what companies report in their financial statements and what an investor needs to understand a business. To better categorize activities, we suggest making adjustments within the statement of cash flows pertaining to stock-based compensation, leases, and intangible investments. We believe these adjustments substantially improve the description of a business. We share a case study of Amazon for 2020 to make the concepts more concrete.

Sustainable Investing • Oct 05, 2021
Climate Transition Andrew Harmstone, Li Zhang, Christian Goldsmith Given the increasingly disruptive force of climate events, achieving net-zero carbon emission promises to be one of the themes driving investment markets over the coming decades. We analyse responses, risks and opportunities by country and sector.

Insight Article • Oct 05, 2021
For Gender Equality in Asset Management Seema Hingorani Morgan Stanley Investment Management’s Seema Hingorani was recently presented with France’s highest honor for her work in the diversity and inclusion space. This article discusses her endeavor to address the gender gap in asset management and the critical importance of diversity.

Global Multi-Asset Viewpoint • Oct 04, 2021
What Is The Bond Market Thinking? Cyril Moulle-Berteaux, Sergei Parmenov MSIM’s Global Multi-Asset Team discusses their investment perspective in the latest viewpoint: “What Is The Bond Market Thinking?"

Caron's Corner • Oct 04, 2021 • 13:38 Min
Stagflation? No! But Watch the Dollar. Jim Caron Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

Global Multi-Asset Viewpoint • Sep 30, 2021
Why the U.S. Housing Boom Can Continue Cyril Moulle-Berteaux, Sergei Parmenov MSIM’s Global Multi-Asset Team discusses their investment perspective in the latest viewpoint: “Why the U.S. Housing Boom Can Continue"

Market Pulse • Sep 30, 2021 • 12:40 Min
Fixed Income Update with Kevin Lynyak Kevin Lynyak Kevin Lynyak, Head of Fixed Income Managed Solutions and Lead Fixed Income Portfolio Manager, discusses trends, risks and opportunities in the fixed income markets. Listen now.

Insight Video • Sep 29, 2021 • 1:44 Min
Long-term impact of the pandemic Bruno Paulson Bruno Paulson discusses what he believes may be the long-term impact of the pandemic.

Convergence • Sep 29, 2021

Beyond Virtue Signaling: Financial Materiality of Carbon Emissions

Counterpoint Global

Sustainability Research at Counterpoint Global has produced a method to systematically measure the potential cost of carbon emissions as well as the financial impact of a carbon tax. Our framework allows us to translate these costs into estimates of stock returns. We believe that measuring the cost of carbon emissions allows us to better understand the environmental risks for the companies in our portfolio as well as for those we do not own. We also seek to help our clients benefit from the many opportunities that a low-emissions world could create.

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Caron's Corner • Sep 27, 2021 • 9:16 Min
Why U.S. Bond Yields Are Rising – and How High They May Go Jim Caron Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

Insight audio • Sep 24, 2021 • 5:51 Min
Municipal Update with John Dillon Fixed Income Managed Solutions John Dillon, Lead Municipal Portfolio Manager, Fixed Income Managed Solutions Team, discusses trends and opportunities in the municipal markets. Listen now.

Insight Article • Sep 23, 2021
Preferred Market Update Kevin Lynyak, James Benadum Kevin Lynyak and James Benadum provide a review and outlook on the Preferred Securities Market.

Caron's Corner • Sep 22, 2021 • 11:14 Min
FOMC Recap: Hawkish Dot-plot, but Dovish Presser Jim Caron Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

Caron's Corner • Sep 20, 2021 • 8:25 Min
Ambiguity, not Volatility, Is the Primary Market Risk Currently – How Will the Fed React? Jim Caron Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

Market Pulse • Sep 16, 2021 • 10:43 Min
Fixed Income Update with Kevin Lynyak Kevin Lynyak Kevin Lynyak, Head of Fixed Income Managed Solutions and Lead Fixed Income Portfolio Manager, discusses trends, risks and opportunities in the fixed income markets. Listen now.

Global Fixed Income Bulletin • Sep 15, 2021
Traversing Peaks Global Fixed Income Team With investors debating when economic growth, Covid and inflation will peak, it may be useful to focus on what we know with certainty rather than sentiment.

Global Equity Observer • Sep 14, 2021
Advance Warming Laura Bottega The summer of fire and floods has highlighted the compounding effect of global warming, presenting companies with an array of risks and opportunities. Laura Bottega explains how these ESG factors help shape our portfolios.

Market Alert • Sep 14, 2021 • 06:19 Min
Surprise: 2021 Fundamentals Often Have Exceeded Stock Price Performances Andrew Slimmon Andrew Slimmon, Head of the Applied Equity Advisors Team, offers a timely perspective on what is shaping the markets now as well as insights on investment opportunities and risk within global equities. Listen to his Market Alert.

Caron's Corner • Sep 13, 2021 • 09:20 Min
The Payfors of Taxes, Debt and Inflation May Create a Noisy September Jim Caron Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

Insight audio • Sep 10, 2021 • 05:12 Min
Municipal Update with John Dillon Fixed Income Managed Solutions John Dillon, Lead Municipal Portfolio Manager, Fixed Income Managed Solutions Team, discusses trends and opportunities in the municipal markets. Listen now.

Takeaways & Key Expectations • Sep 10, 2021
Equity Market Commentary - Sept 2021 Andrew Slimmon In his September TAKE, Andrew Slimmon discusses, region by region, where he and his Applied Equity Advisors team see the best equity opportunities and how their portfolios are positioned.

PATH • Sep 08, 2021
Jackson Hole: Dovish Fed reassures markets Andrew Harmstone, Manfred Hui The US Federal Reserve appears to be excessively dovish, in light of a strong and growing economy. See why in our view, high valuations, increasing global regulatory risks and the possibility that the Fed is making a policy mistake, are signalling caution.

Consilient Observer • Sep 08, 2021

Turn and Face the Strange

Michael Mauboussin, Dan Callahan

This report examines the barriers to change for organizations. We use sports as the prime example but then apply the lessons to investment management. Organizations can be slow to adopt certain approaches even when they add value due to loss aversion, a preference for the status quo, and the fear of poor outcomes in the short run. Organizations may overcome these challenges by aligning behind a commitment to improvement, learning, transparency, and accountability. Good long-term results require developing and executing strategies that add value.

Caron's Corner • Sep 07, 2021 • 11:01 Min
The Four Corners of Risk – And Why Yields Can Rise Jim Caron Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

Global Multi-Asset Viewpoint • Aug 31, 2021
Inflation Outlook – One Year Later Cyril Moulle-Berteaux, Sergei Parmenov MSIM’s Global Multi-Asset Team discusses their investment perspective in the latest viewpoint: “Inflation Outlook – One Year Later"

Caron's Corner • Aug 30, 2021 • 8:10 Min
Still on Easy Street – But What Are the Risks? Jim Caron Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

Insight audio • Aug 27, 2021 • 5:37 Min
Municipal Update with John Dillon Fixed Income Managed Solutions John Dillon, Lead Municipal Portfolio Manager, Fixed Income Managed Solutions Team, discusses trends and opportunities in the municipal markets. Listen now.

Caron's Corner • Aug 23, 2021
The Impact of a Shift From Reflation to Recovery Jim Caron Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

Global Equity Observer • Aug 23, 2021
Global Equity Observer: A Collection of Quality Insights – Volume 1 William Lock This May, the International Equity team celebrated the publication of our 50th Global Equity Observer (GEO) – our monthly series of investment insights through the lens of our high quality investment approach. We are delighted to share with you this selection of articles from our GEO series.

Global Fixed Income Bulletin • Aug 19, 2021
What's Going On? Global Fixed Income Team Looking at the performance of U.S. Treasuries (and other developed government bond markets), one could be forgiven if one believed the economy was sinking. Other financial asset prices are sending a message that all is well. What gives? The Global Fixed Income Team explores.

Market Pulse • Aug 18, 2021 • 8:18 Min
Fixed Income Update with Kevin Lynyak Kevin Lynyak Kevin Lynyak, Head of Fixed Income Managed Solutions and Lead Fixed Income Portfolio Manager, discusses trends, risks and opportunities in the fixed income markets. Listen now.

Insight Article • Aug 18, 2021
Preferred Market Update Kevin Lynyak, James Benadum Kevin Lynyak and James Benadum provide a review and outlook on the Preferred Securities Market.

Global Equity Observer • Aug 13, 2021
Back to Basics William Lock, Alistair Corden-Lloyd In a world of daily financial chatter, it’s easy to get distracted from what drives the core of long-term returns; the power of compounding. William Lock and Alistair Corden-Lloyd explain.

Insight audio • Aug 13, 2021 • 6:08 Min
Municipal Update with John Dillon Fixed Income Managed Solutions John Dillon, Lead Municipal Portfolio Manager, Fixed Income Managed Solutions Team, discusses trends and opportunities in the municipal markets. Listen now.

Tales From the Emerging World • Aug 10, 2021
The Electric Summer of ’91: India’s Hopes Then and Now Ruchir Sharma India needs to keep in mind is that its economy is still relatively unfree, and so more than ever it should buck the global trend of more regulation and bigger government. Ruchir Sharma, Chief Global Strategist and Head of Emerging Markets, explains.

Insight Article • Aug 09, 2021
Alternative Lending Through the Cycle Kenneth Michlitsch As fintech alternative lending grew into a new asset class, investors wondered how these loans might perform in an economic downturn. We've now seen their fundamental resilience.

Media Appearance • Aug 06, 2021
Dennis Lynch’s Inception Portfolio topped The Wall Street Journal’s quarterly Winners’ Circle Dennis Lynch Dennis Lynch’s Inception Portfolio topped The Wall Street Journal’s quarterly Winners’ Circle survey with a gain of 140%.

PATH • Aug 05, 2021
Is Low US Government Issuance Depressing US 10-Year Yields? Andrew Harmstone, Manfred Hui As the US 10-year Treasury yield continues to move down, to many this appears counter-intuitive. We look at factors, which are likely contributing and what could reverse the direction.

Market Pulse • Aug 04, 2021 • 10:01 Min
Fixed Income Update with Kevin Lynyak Kevin Lynyak Kevin Lynyak, Head of Fixed Income Managed Solutions and Lead Fixed Income Portfolio Manager, discusses trends, risks and opportunities in the fixed income markets. Listen now.

Consilient Observer • Aug 03, 2021

Everything Is a DCF Model

Michael Mauboussin, Dan Callahan

We suggest the mantra “everything is a DCF model.” Whenever investors value a stake in a cash-generating asset, they should recognize they are using a discounted cash flow (DCF) model. The topic deserves attention because many market participants don’t think DCF models are relevant, and many use heuristics for value without recognizing the purpose and limitations of the shorthands. The intrinsic value, determined by the present value of future cash flows, attracts the price like a magnetic force. This means it is useful for investors to keep in mind the value drivers of a discounted cash flow model.

Caron's Corner • Aug 02, 2021 • 11:45 Min
Money Never Sleeps. . .but Bond Yields Do Jim Caron Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

Investment Focus • Jul 31, 2021
Where to Next: A Framework for Resilience AIP Private Markets Team The AIP Private Markets team explains their framework for selecting companeis and constructing a portfolio that seeks to withstand changes in the economic cycle.

Insight Article • Jul 31, 2021
Increasing Duration Opens Up New Realms for the Private Equity Secondaries Market AIP Private Markets Team The AIP Private Markets Secondaries team explores possible solutions to check or reverse the upward trend in duration and allay investors' concerns about increasing their allocation to private equity.

Insight Article • Jul 29, 2021
Hedge Fund "FOMO"— Looking Beyond Benchmarks Patrick Reid, Eban Cucinotta, Brian McGrath Relying on benchmarks to evaluate your hedge funds’ performance can be misleading. We recommend incorporating complementary monitoring tools.

Caron's Corner • Jul 26, 2021 • 8:51 Min
Why Bond Yields Are Low – Technicals vs. Fundamentals Jim Caron Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

Global Equity Observer • Jul 23, 2021
Quality in a Brave New World Bruno Paulson The International Equity team argues that the case for quality compounders remains largely unchanged in the “Brave New World” of reflation and inflation. Bruno Paulson discusses.

Market Pulse • Jul 21, 2021 • 11:20 Min
Fixed Income Update with Kevin Lynyak Kevin Lynyak Kevin Lynyak, Head of Fixed Income Managed Solutions and Lead Fixed Income Portfolio Manager, discusses trends, risks and opportunities in the fixed income markets. Listen now.

Tales From the Emerging World • Jul 20, 2021
Whither the Bubblets of 2021? Ruchir Sharma As worry spreads about the rise and fall of market bubbles, questions are asked about whether these price moves count as “bubbles,” poised to pop. Ruchir Sharma, Chief Global Strategist and Head of Emerging Markets, looks at history for the answer.

Sustainable Investing • Jul 19, 2021
Climate-Related Risk Data for Real Assets: A Framework for Assessment Mona Benisi A new framework for assessing climate risk data may help real estate investors evaluate risks.

Caron's Corner • Jul 19, 2021 • 9:49 Min
Pricing the Trough After the Peak - but the Level Matters Jim Caron Jim Caron, Senior Portfolio Manager and Chief Strategist for the Global Fixed Income Team, shares his macro thematic views on key market drivers.

Global Fixed Income Bulletin • Jul 16, 2021
Where Is All the Yield Going? Global Fixed Income Team Yields continuing to fall, credit spreads tightening and equities rallying despite bearish news. The Global Fixed Income team discuss an extraordinary June.

Insight audio • Jul 16, 2021 • 5:16 Min
Municipal Update with John Dillon Fixed Income Managed Solutions John Dillon, Lead Municipal Portfolio Manager, Fixed Income Managed Solutions Team, discusses trends and opportunities in the municipal markets. Listen now.

Takeaways & Key Expectations • Jul 14, 2021
Equity Market Commentary - July 2021 Andrew Slimmon In his July TAKE, Andrew Slimmon shares his thoughts on the latest equity selloff in China and where he and his Applied Equity Advisors team stand with respect to the longer term investment prospects.

Insight Article • Jul 13, 2021
Preferred Market Update Kevin Lynyak, James Benadum Kevin Lynyak and James Benadum provide a review and outlook on the Preferred Securities Market.

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