Thought-Provoking Insights from March

Top pieces of analysis from recent weeks

Explore a selection of some of the best pieces of content we have seen in March. They touch on everything from private markets and global liquidity to more niche topics, such as pension liquidity risk. Also, make sure to check out the State Street webinar on Private Markets.

The Big Question: Where Are We in the Credit Cycle? (Man Group)

Over the past 18 months, markets have seen one of the most aggressive rate hiking cycles in decades as central banks have sought to counteract a high inflationary environment.

2024 Private Markets Outlook (Franklin Templeton)

For compliance reasons, this paper is only accessible in the EMEA region

Allocators who have the flexibility to be providers of liquidity or deploy additional capital may be able to take advantage of some compelling risk-return opportunities in 2024.

The Economic Cost of the Carbon Tax (Amundi)

For compliance reasons, this paper is NOT accessible in the United States

This paper demonstrates that the implementation of a carbon tax is not as efficient as economic theory may suggest.

Global Private Equity Report 2024 (Bain & Company)

Spiking interest rates derailed dealmaking in 2023 and left the capital flywheel sputtering. What will this year bring to PE investors?

Massive USD Liquidity Drain Coming up (Nordea)

If the authors of this analysis are right, the Fed's actions could have huge impact on financial conditions, in turn leading to a slowing of economic activity and sentiment.

The Big Opportunity in Bank De-Risking (TPG)

U.S. banks are caught between a rock and a hard place. Although this situation presents risks for investors, it also brings opportunities.

Pension Liquidity Risk (Swiss Finance Institute)

For compliance reasons, this paper is only accessible in the UK & Europe

Pension funds often hedge the interest rate risk arising from their liabilities by taking fixed receiver positions in long-dated interest rate swaps.

Credit Exposure to Leveraged Counterparties (U.S. Federal Reserve)

In this research paper, the U.S. Fed presents a model of exposure to leveraged collateralized counterparties.

WEBINAR

Private Markets: Seeking Growth, Scale and Democratization (State Street)

The results of State Street’s third annual Private Markets Survey, conducted among more than 500 institutional investors worldwide, forms the basis of this webinar that will be held on 25 March.