Top Papers: The Most Thought-Provoking Content from June

Some of the best research we've read (or heard) this month

This month's top content covers a wide range of themes of crucial relevance to allocators worldwide. These include the U.S. stock market, artificial intelligence, and developments across key alternative markets. Explore this selection of high-quality research from global asset managers and institutions below.

Charting the Course of Direct Lending in the U.S. and Europe (Man Group)

This paper looks at the differences between U.S. and European direct lending markets, highlighting where allocators can spot opportunities.

Watts Up? The Challenges and Opportunities of Powering AI (Mawer IM)

This podcast offers investors insights into the growing electricity demands of data centers stemming from the ongoing development of artificial intelligence.

150 Trends to 2030: Adjusting for the Effect of AI (Barclays)

This data-rich article provides allocators with critical information on long-term mega-trends, as well as on six new trends.

Investing in an Interconnected World Got Difficult (PGIM Quantitative Solutions)

Capturing companies’ relationships and interconnections across industries in the course of the investment process can help identify new opportunities and limit portfolio risks.

Composition Changes of the Russell Indexes over 40 Years (FTSE Russell)

For compliance reasons, this paper is only accessible in certain geographies

Understanding how the Russell indices have changed over the last 40 years can provide investors with valuable insights into how the world of equity investing has evolved.

Small Caps Are Beautiful (Gabelli Funds)

While the concentration in large-cap stocks and the dominance of major indices are widely acknowledged, it's crucial not to overlook the significance of small-cap stocks.

The Rise of the Managed Futures ETF (AlphaSimplex)

Managed futures strategies have historically generated positive long-term absolute returns, independent of overall market direction.

Seed Transactions Deals Study: Hedge Funds, PE & PC (Seward & Kissel)

While most seed investments involve managers focused on liquid strategies, each year there are numerous seed investments in PE or PC funds.

Global Art Market Report 2024 (UBS/The Art Basel)

The art market offers investors a vast range of interesting (albeit illiquid) opportunities to diversify their return streams in a volatile world.

Predicting Market Risk Premiums with Historical Patterns (PMR)

Historical data, if correctly assessed, can offer allocators interesting insights into various market patterns.