Ardea Investment Management’s Post

Here’s our latest positioning update, which details how we allocate active risk across investment portfolios. This work is based on an analysis of market conditions over a cyclical horizon. - We continue to maintain a cautious risk stance, with active risk of the 2024 positions below long-term levels - We increased our exposure to duration, which is now the largest contributor to active risk. We achieved this overweight using a mix of nominal and real bonds - We are maintaining our overall growth asset exposure, but we are leaning toward equities over credit - We remain neutral on equity regions and currencies

Is it time to get active? While geopolitical risks are notoriously difficult to forecast, active fixed income managers have plenty of tools in the box to help to try to mitigate the potential impact on portfolios. ⬇️ Our Fixed Income experts (DNCA Finance, Loomis, Sayles & Company, Ostrum Asset Management) talk about the potential tail risks of geopolitics below: #fixedincome #economicoutlook Natixis Investment Managers

As interest rates and currency risks become more volatile, it's clear that private equity managers must prioritise robust hedging strategies. With recent dramatic rate hikes and an unpredictable future, this Investec article raises an interesting question: how are PE managers adjusting their approach to ensure portfolio stability?   🔗 Read the full article here: https://lnkd.in/e6kvAV97 We'd be interested to hear about the innovative strategies you are seeing in the industry to manage these risks effectively - do share your thoughts in the comments below👇 Altus Partners has been a leader in placing Investment Professionals into a range of Private Equity companies for many years. To find out more about our executive search service, please speak to the team: https://lnkd.in/eEirmBfr    #privateequity #executivesearch #investmentmanagement #venturecapital #leadership  Altus Partners is part of The LCap Group which includes Drax Executive, Drax Affinity, Rowan, Leadership Dynamics and PACE 

Gain insights into NEI Investments Global Total Return Bond Fund's strategy from Amundi's Reine Bitar. Explore how active currency management is enhancing performance amidst economic uncertainties. https://hubs.la/Q02GmqKR0 #InvestmentManagement #BondMarket #CurrencyStrategies #WealthManagement

In emerging markets, we continue to prefer sovereigns to quasi-sovereigns and corporates. Read more in the latest edition of The Bond Bulletin. #markets #assetmanagement #fixedincome #thoughtleadership

💡 𝐀𝐝𝐚𝐩𝐭𝐢𝐧𝐠 𝐭𝐨 𝐚 𝐂𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐍𝐞𝐰 𝐖𝐚𝐲𝐬 𝐭𝐨 𝐃𝐢𝐯𝐞𝐫𝐬𝐢𝐟𝐲   In addition to the increased #inflation (volatility) since the coronavirus pandemic, many structural trends have significantly changed the market structure and #market behavior. They favor ever stronger moves up and down, while fundamentals play an ever smaller role. The primary goal of alternative investments should no longer be to achieve a #yield, as this is once again available with bonds. The primary goal should now be to diversify or hedge the #portfolio - a characteristic that bonds no longer reliably offer. Accordingly, portfolio managers Ulrich Urbahn, CFA, Ludwig Kemper, CFA and Philipp Loehrhoff advocate option-based risk management, as implemented in the Berenberg Guardian Strategy. With its negative correlation to falling equity markets, the strategy offers reliable portfolio diversification and is a valuable source of liquidity in times of #crisis.   You can find more information here: https://lnkd.in/eTAGTkha   This information is a marketing information. Investing involves risk. Past performance is not a reliable indicator of future results.

As global geopolitical tension continues to escalate in the Middle East and with sticky inflation here to stay, UBS Global Wealth Management chief investment office (UBS GWM CIO) highlights the keys to investing in the second quarter and beyond.

Find out from Livewire Markets and Gopi Karunakaran, Co-CIO at Ardea Investment Management, what makes Ardea IM different - "it's the pulling of a third lever in fixed-income investing called 'relative value'."   The difference with this style of investing is that the Ardea IM team need not have a view of the macroeconomic backdrop at all. This makes the team a rarity in a market that is famous for its widely espoused views on the global economy.   Watch the latest video in the series here: https://lnkd.in/gHyX45PF

In a joint research piece with SimCorp we found that Aggressive and Conservative funds have shown more similar volatility when equities and bonds were highly correlated. Check out our latest research to learn more! Read more here: https://hubs.ly/Q02RvP8x0 Exhibit Title: Changes in Volatility Ratios Over time Exposure to risk factors is not a guarantee of increased performance or decreased risk. See risks here - https://lnkd.in/emVmQ-Vq

Ayako Yoshioka, CFA®, Senior Portfolio Manager at Wealth Enhancement Group was featured by CNBC on ‘Squawk on the Street.’ Tune in to hear Yoshioka discuss her #investing focus, how the steepening of the yield curve will impact regionals, and more. This information is not intended as a recommendation. The opinions are subject to change at any time and no forecasts can be guaranteed. Investment decisions should always be made based on an investor's specific circumstances. Barron's Top 100 RIAs ranking awarded 9/15/23 based on qualitative and quantitative factors including assets under management, revenue, regulatory record, and more for the one-year period ending 6/30/23. Access the full replay here: https://lnkd.in/gnwwQvJK