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Diagnosis: Opportunity? Direct Lending in Healthcare
Private debt investors are eyeing apparently superior returns in healthcare lending, with funds’ net IRR targets suggesting a premium of more than 300bps versus conventional direct lending
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Forget Hedge Fund Strategy Labels – Here Are Three Groups that Matter
Conventional hedge fund classifications, as taught by bodies such as the CFA Institute and CAIA, are based on asset managers’ investment techniques, processes and instruments: equity hedge,
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Seeking Diversity from Investment Managers
Diversity (or the lack of) has been a hot topic across the asset management industry for decades. However, a growing number of investors are seeking managers who encourage and display high levels
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Equity Market Neutral: Sector in Brief
Equity Market Neutral (EMN), valued at around US$50 billion, is a niche and distinct fragment of the broader Equity Long/Short family, currently estimated to be worth US$1.1 trillion. This pure
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Top Investor Surveys Part Ways on Asset Allocation Expectations
Credible asset owner surveys can be a useful source of insight for both investors and the asset managers/advisers that serve them. Their headline findings often tend to focus on expected changes
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Asset Manager Selectors: Three Themes to Watch in 2024
The 2023-4 period has brought new challenges for institutional investors, affecting both strategy and investment manager selection – the task of identifying the right products and the right
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Money for Nothing? Hedge Funds Haven’t Budged on Hurdle Rates (Yet)
Although two years have now passed since the Federal Reserve started rapidly hiking interest rates, the likelihood that your hedge fund manager will have a ‘hurdle rate’ for their performance
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Carbon Trading Strategies: Sector in Brief
This report provides a concise introduction to the investment characteristics of carbon compliance credits and the growing use of this emerging asset class by hedge funds, traditional asset
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Investment Grade Corporate Bonds: Understanding Manager Performance
Investor appetite for investment grade fixed income grew significantly last year but active managers are coming under scrutiny. This report examines corporate bond manager performance and
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As Operational Risks Evolve, Investors Must Scrutinise Service Providers
Pension regulators around the globe are sending clear messages that investors must strengthen their operational frameworks and that trustees can be held accountable if they do not.
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Investor Spotlight: Blue Sky Pioneers Integrated Portfolio Management
The Dutch pension industry is undergoing seismic shifts. Long-anticipated reforms enacted in July 2023 ushered in a Defined Contribution system that is set to be unique among global counterparts.
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Investor Spotlight: The Evolution of Italy’s Pension Landscape
More than two decades have passed since the arrival of complementary pension provision in Italy, which brought with it a massive regulatory overhaul. bfinance spoke with Salvatore Casabona to
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Searching for GEMs in ‘All Country’ Global Equity Strategies
In the landscape of ‘global’ active equity strategies, the pendulum has—slowly but surely—swung toward strategies that span both developed and emerging markets. Yet how credible are these broader
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Time for Charities to Upgrade Investment Approach, Clarify ESG
Thanks to recent guidance from the Charity Commission for England and Wales, UK charities became the latest cohort of institutional investors to receive official endorsement for considering ESG
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‘Ex-China’ Emerging Markets: A New Great Wall in Equities?
New manager research from bfinance reveals the proliferation of ‘Emerging Markets ex-China’ equity strategies. This is now becoming recognised as a distinct segment within the equity management
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Outsourced CIO (OCIO) - Sector in Brief
The ‘Outsourced Chief Investment Officer’ (or ‘OCIO’) investment model is on the rise. Market volatility, increased portfolio complexity and growing regulatory burdens are encouraging the trend
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Private Equity Secondaries - Sector in Brief
Secondaries are under the spotlight due to a combination of surging fundraising activity, low pricing and investors’ current portfolio pressures. This concise ‘sector in brief’ reviews the latest
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Iceland’s SL Pension Pursues Internationalisation and Illiquidity
Less than a decade after the removal of capital controls that banned pension funds from investing assets overseas, Iceland is now achieving international recognition for the strength and health
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How Do “Liquid” Private Market Strategies Square the Circle? Part 1: Private Credit
The past two years have seen huge growth in the availability of private market strategies that offer some degree of in-built liquidity, such as open-ended funds and diversified multi-manager
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Rise of the Allocators: Multi-manager Strategies for Alternative Investing
Powerful forces have supported the growth and evolution of multi-manager models for ‘alternative’ investing over the past fifteen years.
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