Industry transformation under way to broaden access to the asset class to mainstream of wealth portfolios
Wealth managers face tough decisions as Donald Trump’s unpredictability rattles the markets
S&P 500 has outstripped rival global indices in the second quarter as tariff turmoil fades
April’s drawdown may have felt like déjà vu, but V-shaped reversals are not coming thick and fast
Currencies, bonds and stocks rally as global fund managers diversify away from dollar assets
Despite a stock rally, it is still unwise to assume the view of investors of America is not changing
If weakness emerges in American assets, it will show up more in the dollar, not stocks.
Stock market resilience simply reflects the fact that new share issuance remains very subdued
This latest instability is stagflationary and may add to the erosion of the US-led economic order
The 2020s may be on their way to becoming the progeny of the combined 1980s and 1990s disinflationary bull markets
Politicians are steering Main Street money into private assets but they may be better off fostering enterprise
Lack of exits for deals struck by managers in frothy times is straining the business model of the asset class
New standard threatens a vital funding source for sovereigns and corporates across the Middle East, Asia and beyond
World ex-US funds have long been out of favour but have attracted $2.1bn in assets over past three months
Any trade agreement with China will not settle questions over the ongoing supremacy of US capital markets
Big institutional money managers said to trim US exposure on concerns over policymaking
Financial markets can fall fast but investors should look for where longer-term problems may be brewing
Returns are likely to be lower in a world of weaker growth, higher interest rates and a slump in dealmaking
The key conversation in asset management now is around the new “neutral” level for portfolios
Investors with cash during a crisis can benefit, but PE-owned companies tend to have a lot of debt
As international structures that promoted free trade are unwound, there is a rising risk of a return to capital controls
Those basis points add up
Catastrophe bonds linked to randomly occurring natural disasters were previously considered too illiquid for ETFs
A long rebalancing of investor portfolios is likely to be under way that could be painful for America
Market hopes rest on gaining the benefit of the doubt that the US commands
