James Clarke

Interesting article from Douglas Appell in Pensions & Investments about the post-ZIRP, “higher for longer” interest rate environment that boils down to advocating for the pursuit of satisfactory investment outcomes that are relevant to asset owners’ actual spending needs and goals, rather than continuing the historically common practice – and expected future folly – of tethering one’s equity beta to that of an equity benchmark whose performance from today’s elevated levels is widely expected to be sluggish and insufficient to fund minimum liabilities (ie: payout rates, actuarial hurdles, spending goals, etc.).   Quoting the inimitable Ben Phillips, “In that world, the relevant benchmark becomes the client’s required cash flows.”   Fresh perspectives and new ideas are warranted. Satisfactory outcomes not benchmarks.

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How is #NuveenInfrastructure’s clean energy team reducing carbon emissions while generating critical clean power globally? Read the 2023 clean energy infrastructure sustainability report, which includes a detailed overview of avoided emissions across our equity and credit strategies, how we incorporate physical climate risk considerations into our investments, as well as how we aim to protect marine life during offshore wind construction.

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What is Power-to-X and how can it fill the gaps in the renewable energy journey and help technologies extend into new sectors in the future? Read our latest digital article. #nuveeninfra

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Amid tightening spreads and market shifts, we discuss the complexities of the securitized sector and exploring opportunities in undervalued areas like commercial real estate and asset-backed securities.

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CLO equity has the potential to mitigate the private market J-curve and improve cashflow liquidity if strategically incorporated into a private markets program. This can potentially soften the blow of the capital commitments and fund extension issues that many private markets investors face.

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The market is broadening beyond the Magnificent Seven, creating new value opportunities across sectors. Portfolio Manager George Cipolloni, CFA joined Yahoo Finance “Market Domination” and highlighted how utilities are benefiting, especially with the rise in AI-driven energy demand. He emphasized the need for diversification as other sectors gain momentum. Watch here: https://lnkd.in/ef5ukAwn #MarketVolatility #Utilities #AI #Investing #AssetManagement #Mag7 #ValueInvesting #Markets

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In a recent paper from our Pension Practice, we discuss how new market dynamics are impacting plan management, and how plan sponsors can take advantage of the opportunities made available by recent improvements in funding and regulatory reform. Read more here: https://ow.ly/1mEn50Rfjze

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It was great to be back in Boston last week, reconnecting with returning Institute members and meeting new market and investment leaders! We are excited for the events and research areas we have coming up in the next few months! #ocio #investmentsolutions #investmentmanagement #investmentconsulting

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Investors prioritize outcomes, aiming for quality results while minimizing disappointments. How can we maximize our desired outcomes effectively? In the fixed income sector, the potential upside is known, and current yields offer more potential gains than in recent history. Learn about quality investing from Ben Hayward at TwentyFour Asset Management. Read more: https://bit.ly/3WRn1JB #Vontobel #FixedIncome

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Is it better to focus on lending to smaller companies or larger ones? My #KKRCredit colleagues discuss why KKR focuses on lending in the upper middle market: https://go.kkr.com/4dTqqg7

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Major macro events on the near-term horizon are likely to drive volatility. We continue to recommend that clients navigate uncertainty by focusing on the macro trajectory, the longer-term ramifications of events and the potential paths that may result. Read more from AB's Fixed Income Senior Portfolio Managers.

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Cambridge Associates' Chief Investment Strategist shares that by focusing on diversification that includes value added opportunities, liquidity management, and strategic asset allocation, investors can build resilient portfolios capable of weathering economic storms and achieving long-term success. Read more of her investment advice in our latest VantagePoint: https://ow.ly/fYCU50TGFKs

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Great to be back with Maria Bartiromo on Fox Business Network earlier today to kick off this important week. With a full slate of #Fedspeak leading to Fed Chair Jerome Powell’s #JacksonHole speech on Friday, monetary policy will be center stage as investors attempt to glean the future path of interest rates. At Jackson Hole, #Powell is widely anticipated to more explicitly set the timeline for the rate-cutting cycle to begin in September with the main unknown being whether the Fed cuts 25 or 50 bps in September. Broadly speaking, inflation continues to normalize while retail sales and more benign jobless claims/continuing claims data do not point to an economy heading off a cliff. We’re in an economy that’s slowing, not breaking, and as such my base case remains for a single 25-bp cut in September. Check out our discussion below where I lay out my thoughts on #catalysts for the market going forward, my thoughts on the #labormarket, and the all too overlooked positive #earningsseason that continues to defy expectations. https://lnkd.in/dn_NTesA

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If you think portfolio risk management is just about diversification, think again. This article sheds light on some surprising strategies that challenge common perceptions. Here are some thought-provoking takeaways: - Did you know that reducing the number of investments in a portfolio can sometimes actually decrease risks? It's all about strategic selection. - Contrary to popular belief, actively managing risk doesn't necessarily mean more frequent trading. In fact, a hands-off approach can be a smart move. - One of the key points discussed is the importance of understanding the correlation between investments, a factor often overlooked in risk management strategies. - Asymmetric risk and the role it plays in portfolio management is explored, offering a fresh perspective on balancing risk and return. - Ever considered tail risk hedging? This article dives into this lesser-known strategy that can enhance risk management effectiveness. Share your thoughts and feelings on these unconventional risk management strategies. https://lnkd.in/ecgSpH93

In today's video Observations and Expectations, Virtus Senior Managing Director and Chief Market Strategist, Joe Terranova, provides a look into the month of May, including earnings, the technical conditions for the S&P 500, the actions of the Federal Reserve, and opportunities for investors. Access the Joe Terranova insights collection: https://bit.ly/3UMzmgx #investing #ObservationsandExpectations

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Delighted to share our thoughts on recent M&A trends impacting continuation fund SPAs with Secondaries Investor. Delphine Jaugey Laurence Hanesworth Aaron McPherson Greg Norman #secondaries #secondary #secondarymarket #alternativeassets #continuationfunds #liquiditysolutions

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