In distressed credit investing, careful legal and capital structure analysis must go hand in hand with fundamental corporate analysis. Read more

Inflation looks to be very slowly emerging from a long slumber and interest rates are heading north. This has significant implications for the world's economy and global equity markets. Read more

As infrastructure investors begin to cast their nets wider in the search for high-yielding and diversifying assets, marine infrastructure is one area which offers many characteristics that will appeal to institutional investors. Inter alia it Read more

Years from now, when historians look at the "big ease" after the "great recession" of 2008, we suspect the reviews of some central bankers of the recent era will not be favourable. Read more

Profitability Read more

It is common wisdom in the industry that not all alpha factors make good risk factors. There is, however, plenty of evidence in the literature that some of the style risk factors commonly found in fundamental multi-factor models accurately capture factor ... Read more

For investors in emerging market debt, one key decision above any other has dictated performance over the past decade: The use of local versus hard currency bonds. Read more

"I came to see in my time at IBM that culture isn't just one aspect of the game, it is the game." - Lou Gerstner. Read more

I have just spent a week in Brazil visiting infrastructure companies, assets, regulators and government in Curitiba, Brasilia and Sao Paulo. The following research provides an overview of Brazil's infrastructure and the listed companies involved; and ... Read more

In this paper, we use the medium horizon variant of Axioma's newly released Australian fundamental factor model (AXAU4 - MH) to analyse and compare four Smart Beta ETFs listed on the Australian Stock Exchange (ASX). Read more