Year in review: Part III
Tax-loss harvesting, private capital management, and more!
In case you missed them earlier this year, here are some of our favourite pieces of research that are relevant to allocators over the long term. From the ongoing energy transition to opportunities in direct lending, this content selection has just about everything.
From H1 2024
Monetary Policy and Financial Condition (CFA Institute Research & Policy Center)
Investors will benefit from a deeper understanding of how the dynamics between financial conditions and monetary policy evolve as policy shifts occur.
The Trillion Dollar Bonus: Private Capital Fund Managers (University of Oxford)
Preqin lists nearly 40,000 private capital vehicles raised between 2000 and 2019 for which they have a fund size.
Multi-Strategy Hedge Fund Primer: Deep Dive into Diversification (Aurum)
This is a deep dive into diversification benefits hedge funds can offer to allocators.
Graph Theory‑Based Portfolio Construction (Journal of Asset Management)
This paper aims at introducing network risk parity, a novel graph theory-based portfolio construction method that produces fully invested, long-only portfolios.
How Long To Liquidate A Portfolio – And What Is The Cost? (Qontigo)
One of the requirements by ESMA regulation for money market funds is about the maximum amount that can be liquidated within one week.
From H2 2024
Considering Moving out of T-Bills (Northern Trust Asset Management)
Since mid-2022, when the Federal Reserve was in the midst of its aggressive hiking cycle, investors piled over $1.6 trillion into money market funds.
The Energy Transition: 10 Essential Indicators for Investors (Nuveen)
Over 80% of Nuveen's 2024 Equilibrium survey respondents indicated they consider or plan to consider the energy transition in their investment decisions.
Tax-Loss Harvesting: Why a Personalized Approach Is Important (Vanguard)
For compliance reasons, this paper is only accessible in the United States
Tax-loss harvesting operates on the principle of converting investment losses into tax savings.
Prime Opportunities within Direct Lending (M&G Investments)
For compliance reasons, this paper is only accessible in certain geographies
One of the most clearly observable developments within credit markets this year has been the renaissance of the broadly syndicated loan (BSL) market.
Carbon Intensity in the ME – An Index Perspective (S&P Dow Jones Indices)
The S&P Pan Arab Composite has more stocks, meaning weights within the index are generally smaller than in the S&P/Hawkamah Pan Arab ESG Index.
