Multi-asset manager Ruffer LLP’s Rory McIvor tells the story of when he sat at Ruffer’s Victoria Street office in London, five years ago, across the table from two portfolio managers, when they asked him, “What is a bond?” He ummed and ahh’d. The interviewers gave him the textbook definition which he had failed to provide….
“Single-party rule can bring economic success. Communism cannot,” suggests Matt Gertken, vice-president of geopolitical strategy at BCA Research. Speaking on a recently published and challenging research piece on the 100-year anniversary of the Communist Party of China, Gertken highlights the growing risks in the region and offers comparisons to the successes and failures of the…
The Musical Chairs report released by Adviser Ratings offers insightful data on the wealth management industry after undergoing significant changes over the last five years. As advisers return to the office, with the occasional small COVID-19 outbreak, movement between firms continues. The first quarter saw 2.2 per cent of advisers move to a new licensee,…
CIP Asset Management (CIPAM) has launched a wholesale version of its highly successful CIPAM Multi-Sector Private Lending Fund. The launch provides the opportunity for wholesale and sophisticated individual investors to access a truly unique offering. It’s another expansion into the non-institutional market after the launch of the multi-asset Credit Income Fund in 2020. CIPAM says…
London-based fixed interest manager Colchester Global recently presented “Putting the income back into fixed income” to investors, focusing on the current state of traditional fixed income markets. Investment manager at Colchester, Martyn Simpson, explains why fixed income is topical, highlighting that “over the last decade, income has become a bit like the Scarlet Pimpernel. It’s…
Earlier this year, an army of small-time millennial traders successfully shook-up the US stock market and took on Wall Street. A shorting attack on a company called GameStop (NYSE: GME), led by hedge funds, was outflanked by a frenzied buying assault from an online crowd centred on the the WallStreetBets “subreddit” chat-forum on Reddit. It…
Property fund manager Charter Hall’s Direct Long WALE fund has received a “Recommended” rating from Zenith Investment Partners. Standing for “weighted average lease expiry,” the fund is managed by a five-person investment team responsible for the full suite of Charter Hall’s direct unlisted property funds. The focus is on identified well-tenanted, long-term direct property assets…
Markets are on the rebound from last week’s hefty losses which came on the back of hawkish Federal Reserve commentary. The recovery is also hoping that this week’s Fed’s speakers aren’t as hawkish as the dot plot suggests. The dot plot indicates the high probability of an interest rate rise in 2023, a year earlier…
Independent fund manager, Barwon Investment Partners, which manages more than $2 billion on behalf of its clients, will shortly launch the Barwon Disability Accommodation Fund. The property and “impact investment” fund is open-ended in structure and will target wholesale investors seeking returns from properties in the Australian specialist disability accommodation (SDA) sector, under the NDIS…
Inflation and rate rises are back on the table it seems, after this week’s US Federal Reserve Board meeting, Chairman Jerome Powell indicated that rate hikes could come in 2023, but no mention of when scaling back of bond buying would begin. His comments took markets by surprise signalling a change in policy sooner than…
