Niall Fagan

A bit shocking to learn from the UK regulator that banks do not run stress-testing analysis on their Private Equity / Leveraged Finance exposures. Especially if one remembers each bank lost hundreds of millions or for some a billion + due to these exposures in 2008 (TXU, LyondellBasel, Boots...). #leveragedfinance #banks #stresstesting #privateequity #bridgeloans

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Our just-released survey of 100 UK asset owners* explores views on the current opportunity in fixed income markets, the value of active management, preferred credit sectors for the year ahead, and the growing role of emerging market debt. For the full survey see: https://lnkd.in/eDX2h9br For professional investors only. *Views of 100 UK based institutional fixed income professionals, canvassed during February and March 2024. #CapitalGroup #FixedIncome #Investing #Bonds

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A couple of weeks ago, Jupiter Asset Management hosted a breakfast seminar to discuss the findings of the latest Pensions for Purpose Impact Lens report which which looks at how asset owners consider diversity, equity & inclusion in how they approach investments, as well as when appointing and assessing their investment managers and other third parties. I've summarised the conversation here.. #DEI #PensionsforPurpose https://lnkd.in/erFgJt_d

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Global commodity prices are in an upswing, and we think they have passed the trough for the cycle. Demand appears to be lifting and the supply-side is ‘super-squeezed’. So, what’s next? HSBC’s Paul Bloxham and Jamie Culling explore. To find out, read our free to view report here 👉 https://grp.hsbc/6048evV0O #HSBCResearch #Research #Commodities #ThoughtLeadership

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🆕 Find out more about the 𝗖𝗔𝗖𝗘𝗜𝗦 𝗚𝗿𝗼𝘂𝗽’𝘀 𝗻𝗲𝘄 𝗖𝗦𝗥 𝗱𝗶𝘃𝗶𝘀𝗶𝗼𝗻 including the strategy and commitments 👉 https://ow.ly/e6FN30sClFy #AssetServing #AssetManagement #ESG #CSR

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A great flow chart from the UK Investment Association for those who want to understand which fund share class to select as 'primary'. In contrast to how some data providers default to the oldest, legacy share class, it seems very clear that one should perhaps choose a share class that is 'unbundled', and 'freely available to all investors... '. For the Marlborough Multi Cap Income Fund, this is the 'P' share class! This also covers c.99% of all fund units in issue so most representative of the returns delivered to the wider investor base.

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What is contingent capital and what are the diversification benefits? Head of Fixed Income, Lloyd Harris and Credit Analyst, Cameron Geering give an overview of the asset class, share why they like it and what gives them a competitive edge as investors. For investment professionals only. Capital at risk. #contingentcapital #fixedincome #talkingmarkets

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Our monthly CPD accredited investment article explains why fixed income is once again eliciting interest from investors #bonds #fixedincome #CPD

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Equity Income investing can lead to interesting portfolio characteristics that tackle sequencing risk for retirement income investors. The resulting resilience in the face of drawdowns means a more return-oriented/real-asset portfolio is possible. this improves retirement income today and makes it more robust to future bouts of inflation.

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Our CEO Mike Carrodus, spoke with Financial News, about our survey of the largest Asset Managers, following the FCA’s latest Consultation Paper on Payment Optionality for investment research. We found opinions split on whether the industry would ‘rebundle’ investment research costs with execution fees, or continue to fund research from their own P&Ls, with many firms waiting to gauge the impact on early adopters before making a decision. Read the full article here ➡ https://lnkd.in/e4d6ETbH #MiFIDII #FCA #InvestmentResearch

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For UK Financial Professionals. Our latest Treasury & Investment Office update is now live. The update covers: ● S&P reaches year high ● Weakening consumer trends in US ● Rates unchanged in UK Our weekly updates now come with an additional market roundup which you can download and share with your clients. Read the full update here: https://lnkd.in/gyYckPCM

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In our latest LDI Alert, Amy Trainor explains why US corporate DB plans may have a rare and limited opportunity to derisk and offers suggested action steps. #LDI #CorporateDB #pensions Learn more: https://lnkd.in/g36ftgGt

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Momentum Global Investment Management is making its restricted Passive Plus managed portfolio service (MPS) available on three platforms. #MomentumGlobal #investmentstrategy #passiveinvesting https://lnkd.in/evDTKH5p

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Link below for the replay if you’re interested in our current multi asset views. We’ve been in equity friendly Recovery but higher than expected US core inflation prints, a stronger than expected economy and tensions in the Middle East are moving our Investment Clock rapidly towards Overheat. We’re long commodities and short bonds. We’re still long equities but stock markets could enter trickier territory over the summer.

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Check out our co-founder Bixuan Xu's latest interview with Bloomberg - you go girl!

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1 Comment

In a recent article, New Private Markets explore why GPs seeking impact are turning towards ELTIFs and LTAFS. As the first firm to launch a Long Term Asset Fund, hear from Tim Horne, CFA, Head of UK Institutional Defined Contribution, on our decision to make our first LTAF an impact fund. #PrivateMarkets #ImpactInvesting Professional investors only. Capital at risk. https://okt.to/3veChN

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