The bond giant’s smart-beta funds lost billions for the second straight year despite solid performance for some funds last year.
Tough times for active managers have bankers predicting an uptick in M&A.
The firm has built a powerful franchise in liability-driven investing. Can it achieve success by bringing its British model to America?
Moving on from his role as CEO of British alternative-asset manager Man Group, Roman turns his attention to the troubled bond giant.
Sharp drop in yield spread between TIPS and conventional Treasuries reflects lower inflation expectations, not a change in investor preferences.
With extraordinarily soft monetary policy and low risk of recession in the U.S., there’s still value to be found in distressed debt.
Low interest rates and a strong labor market in the U.S. are making residential real estate a cozy investment opportunity.
Structural changes in markets and new regulations make it urgent to explore alternatives to traditional cash vehicles, before the Fed hikes again.
Funds flee German and Japanese bonds in search of yield. The haven of choice: the U.S., where corporate yields provide some shelter.