Small cap equities have suffered from a decade of underperformance, leaving many institutional investors structurally under-exposed. Yet profound shifts in market dynamics during 2025 are

Profound geopolitical and macroeconomic shifts are bringing Emerging Market Debt (EMD) back into focus—raising fresh questions about portfolio construction, strategic exposure, and the role of

The expectation of ‘non-concessionary returns’ has been central to the expansion of the impact equity sector.

Portable alpha mechanisms are gaining renewed interest among institutional investors. By combining capital-efficient beta replication with uncorrelated alpha sources, these structures aim to

Institutional investors are increasingly embracing ‘alternative’ real estate sectors—such as data centres, life sciences, cold storage and manufactured housing—as they seek differentiated sources

Quality-oriented equity strategies have long been a favourite among institutional investors—but quality indices have struggled to gain traction.

The growing appeal of semi-liquid private market vehicles represents a significant shift in how institutional investors approach illiquid asset classes.

Liquidity-friendly vehicles for illiquid asset classes are on the rise. In order to avoid potential pitfalls, however, it is crucial to interrogate asset managers’ approaches. As part of our

With an eye on recent difficulties in real estate portfolios, we ask: what has separated high-performing real estate managers from their weaker counterparts? And should investors consider

Asset owners are now grappling with fundamental tensions within equity portfolio design. The runaway performance of tech titans has led to fears of market over-concentration. At the same time,

A new survey of more than 300 investors (Global Asset Owner Survey, November 2024) indicates that more than 40% believe ‘like-for-like’ fees for Private Equity managers have decreased in the past

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

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,

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

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

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

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

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

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

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