The returns generated by private credit funds seem to primarily benefit fund managers, not investors. According to a recent study published by three economists from the American National Bureau of Economic Research (NBER) there is no extra return left for …

Fund sponsors increasingly explore ways to facilitate access by retail investors to private assets. Part II UCIs have been instrumental in this development. This contribution discusses the increased success of the Part II UCI fund regime with private …

As home to investors and companies that prefer the allure of American markets over their domestic counterparts, the European Union has arrived at a crossroads. A window of opportunity has arrived for creating a new framework that supports efficient …

In the financial markets, geopolitical risks often exhibit a binary nature: for a long time, they pose no issue until suddenly, they do. Consequently, the relationship between geopolitical risks and the financial markets' response is not straightforward. …

While it must frequently adjust its predictions, the market yet anticipates two reductions in the Federal Reserve's rates within the year. Should these occur, the implications for the S&P 500 are a matter of considerable speculation. “At some point a kind …

This week, the following chart from the Financial Times caught my attention. It shows the net issuance of shares worldwide since 1999. Although the year is still relatively young, 2024 so far shows the largest negative issuance over this period. As the …

Emerging markets continued last year's trend in Q1 2024. And that is not good news for emerging market investors, as it meant another significant underperformance versus developed countries. Although the return of the MSCI EM index was 4.71 per cent in …

Oddo BHF Asset Management has announced the launch its first European Long-Term Investment Fund. The fund is called the Oddo BHF Commit for Tomorrow Eltif and is structured in line with the Eltif 2.0 regulation, designed to open up private equity to a …

The European Central Bank (ECB) is charting a course of strategic patience, signalling a readiness for a gradual policy shift that could commence as early as June. Analysts uniformly anticipate that while the near term may see steady policy rates, a …

The first quarter of 2024 has lapsed and there are only less than three quarters to go for the implementation of the Digital Operational Resilience Act (Dora). Dora will apply to most EU financial entities, including (Ucits) management companies …

Alpha private credit markets skimmed off by costs and risks

Part II UCIs: The ELTIF Fund Regime of choice?

‘There is a barrier towards investing in our own markets’

Geopolitical Risks

How two imminent rate cuts could reshape the S&P 500 landscape

Supply in bonds and equities

Emerging markets lag behind, but not at GQG Partners

Oddo BHF’s Eltif2 fund targets energy storage, water treatment

‘Keep going, there’s nothing to see here’

Dora is ‘around the corner’