Gerhard Grueter

Why are hedge funds often seen as a source of innovation in asset management? In our video, Roger Hilty, Partner at LGT Capital Partners, looks at the current market environment and explains how hedge funds can generate alpha. #lgtcapitalpartners #lgtcp #diversifyingstrategies #hedgefunds #innovation

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What’s happening in the M&A market at the moment? Join Rob Baxter, Alex Hartley, Yael Selfin and Tim Sarson as they discuss the outlook for mid-market private equity investment activity. ➡️ http://spkl.io/60444hmCk #corporatefinance #midmarket

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Gross MOIC, gross IRR vs net MOIC and Net IRR.. #PrivateFundsRules an ongoing drama since last summer to try get to who gets to govern adults (institutional investors) in the room whilst yesterday night almost a million young people were following a youtube channel by #roaringkitty and lost their life savings without any regulation or recourse #capitalmarkets101 ;) The headline of the 5th Circuit decision vacating the Private Funds Rules is not surprising. This opinion could represent a radical constraint on the #SEC’s ability to oversee the private fund industry in an opposite direction to how the Private Funds Rules represented a radical expansion in such oversight. #private assets #privateequity #privatecredit #realestate (PS this is my personal opinion)

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Read the latest update from our direct lending team to understand how they are able to source deals unavailable elsewhere, and how this can help deliver long-term performance. Learn more: https://lnkd.in/emUXhcgH Professional investors only. Capital at risk. #privatecredit #privatedebt #directlending #privatemarkets

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GQG Partners's investment philosophy is built on three pillars - a long-term focus, quality bias and capital preservation. How does that guide their decisions? Watch this video by Brian Kersmanc to find out. #investmentphilosophy #multiasset #assetmanagement

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#BTCUSD, 30-minute timeframe chart BTCUSD retested the resistance level of 98,300.00 #Level explanation BTCUSD has been under selling pressure within the last couple of hours. The pair moved up to the resistance level of 98,300.00. #Possible scenario The best way to use this opportunity is to place a Sell order at 97,971.29. Set your stop loss at 100,360.12 above the previous high ($23.89 loss for 0.01 lot) and take profit at 95,582.46 ($23.89 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. Some traders may close their positions on Friday, which can add more pressure to the market. #forex #forextrading #bitcoin #finance #crypto #fintech #usd #usa

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🔭 2025 OUTLOOK: Amundi’s 2025 Investment Outlook has landed, highlighting key investment opportunities amid economic and geopolitical shifts. 📊 Quick takeaways: 🛬 Soft Landing Expected: Amundi anticipates a "soft landing" globally, with slowing growth but no recession. Inflation is expected to ease, leading to rate cuts by central banks. 🇺🇸 Geopolitics and Policy Impacts: Persistent geopolitical tensions and policy shifts will influence markets. The U.S. and Europe are focusing on strategic autonomy, while Emerging Asia strengthens regional ties. 📈 Equities: Amundi suggests looking beyond U.S. mega-caps, favouring sectors like financials, communication services, and consumer discretionary. Japan and Emerging Markets, especially India, are expected to outperform. 🏦 Fixed Income: Bonds, particularly investment grade and high-yield, present attractive yields, given stable macro conditions and easing inflation. 🌉 Private Markets Focus: Infrastructure, private debt, and other alternative investments offer stable returns amid economic shifts. 🎨 Diversification in a Riskier World: The outlook advises a pro-risk stance but balanced with inflation-hedging assets like gold and inflation-linked bonds. Access the full paper via Markets Recon here: https://lnkd.in/eG8WGkyj (registration required) #Amundi #InvestmentOutlook2025 #AssetAllocation #PortfolioConstruction #MarketsRecon #InvestmentInsights

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Now more than ever, diversification is one of the key principles of good investing, especially with this being described as a 'pick and mix' era for investors, where mixing up investing styles, sectors and geographies is a priority. Against this backdrop, in his latest Investment Outlook, Fidelity's Tom Stevenson gives his thoughts on the global economy, and what the next few months might hold. https://lnkd.in/duDrmBH4

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Key Takeaways from Fitch Ratings' ABS sector rating revision to Neutral: - Default rates holding up really well especially driven by better-than-expected non-prime sector - There has only been a mild deterioration in delinquency rates especially in German Auto - Significant performance worsening seems unlikely - UK credit card sector default rates have been revised down along with European Auto - Expect softening in the labor market both in the UK and Germany (less so in France, Italy and Spain) but assume a broadly flat unemployment rate in Europe - Expect further interest rate cuts across the board - Main topics going into 2025: a) Residual value for used cars has been declining across Europe (UK down 15% from peak April 2023) but still above historical norms b) improving recovery rates are not expect to continue c) battery electric vehicles residual values have been declined more rapidly than conventional vehicles as the primary market is fueled by tax incentives but the consumer secondary market is not deep enough yet d) non-prime borrowers performance has seen limited decline thanks to AI and more sophisticated underwriting models driven by Open Banking and leading to better default rate predictability; many of those borrowers are being pushed out towards BNPL #finance #lending #consumerlending #abs #bnpl #europe #rating

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UK government bond yields are in the spotlight again – but is this newfound attention warranted? In this weekly snapshot, Stefano Amato explores the fundamentals behind this momentum and how Gilts can play a role in portfolios. #UKBonds #UKGilts #FixedIncome #MultiAsset #MarketInsights #WeeklySnapshot #UKBudget

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Harry Stebbings's 20VC raises new $400M fund! As per the FT: "20VC’s latest investment comes as a report by HSBC Innovation Banking and Dealroom.co projects that UK-based VCs are “on track” to raise more than $12bn in new funds by the end of this year, surpassing even 2021’s boom-time record of $11.5bn. Index Ventures, Atomico, Accel and Balderton Capital have all raised new funds this year. The figures, however, are still dwarfed by the sums raised by VCs in Silicon Valley." Dealroom.co Data also shows how 20VC is ahead of the curve, with 4 European unicorn investments at Seed (and 6 globally).

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🎙 AQUIS Capital Podcast: Navigating Hedge Fund Manager Selection 🎙 Selecting the right hedge fund manager is one of the most critical decisions in investment management. Whether you’re an institutional investor or a high-net-worth individual, the impact of this choice on your portfolio’s performance cannot be overstated. In our latest episode, we dive deep into the hedge fund manager selection process, sharing insights and best practices from AQUIS Capital: 🔍 Thorough Analysis: Just like building a winning sports team, we carefully analyze a manager’s track record, strategy, and risk profile to ensure they fit within our overall investment objectives. 💡 Source Discovery: From industry conferences to leveraging a robust network, and rigorous database screening, we leave no stone unturned in identifying potential candidates. 🤝 In-Person Assessments: Direct meetings with managers are crucial. We evaluate their expertise, strategy consistency, and alignment with our investment goals during these interactions. 📊 Ongoing Monitoring: The relationship doesn’t end at selection. Continuous monitoring is key to maintaining alignment and performance within our portfolios. Tune in to learn more about our approach to hedge fund manager selection and why it’s about much more than just chasing returns. We are look forward to your thoughts and comments! Gabriele Quargnali, CAIA, Son Nguyen, Caroline Wirth #HedgeFunds #InvestmentManagement #PortfolioStrategy #Finance #Podcast

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What were the asset allocation and investment trends in 2023 and what can investors expect for 2024? Join Nico Katzke, Head of Portfolio Solutions at Satrix as he gets BlackRock’s views from Laura Cooper, Senior Investment Strategist at BlackRock. Watch the video below to listen to the full interview: Link to article: https://bit.ly/4btW7vj #OwntheMarket

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𝗧𝗶𝗺𝗲 𝘁𝗼 𝗥𝗲𝘁𝗵𝗶𝗻𝗸 𝗕𝗲𝗻𝗰𝗵𝗺𝗮𝗿𝗸𝗶𝗻𝗴 𝗶𝗻 𝗔𝗰𝘁𝗶𝘃𝗲 𝗙𝘂𝗻𝗱 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁? 🔍 Is the concept of benchmarking for active funds due for a serious revamp? In an era where passive funds have become highly investible thanks to the surge in ETFs, does it still make sense for active managers to be benchmarked against their largest competitors? This practice seems counterintuitive at best. Historically, benchmarks served more of a theoretical purpose, but as passive vehicles become more accessible, the rationale for this kind of benchmarking grows increasingly thin, in my view. After all, what is a benchmark anyway? They are systematically constructed, more than often comprising an arbitrary number of stocks that sound pleasing to the ear (S&P 500, FTSE 100, Nikkei 225 etc), weighted usually according to the size of the company. Why would an active strategy want to be benchmarked to any of these indices?? Yet it’s quite clear from our analysis that active managers are under pressure to keep within certain benchmark tolerances – in most cases it is proscribed by the end investor. Our latest research at Copley highlights a striking correlation between the weight of a company in the benchmark and the percentage of active funds who own it (see charts below). suggesting that the very act of benchmarking is shaping investment decisions more than we realize. I can only believe this hampers the ability of an active manager to deliver true outperformance. 𝗣𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 𝘁𝗼 𝗖𝗼𝗻𝘀𝗶𝗱𝗲𝗿: 🌐 𝗥𝗲𝗺𝗼𝘃𝗲 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗜𝗻𝗱𝗲𝘅 𝗕𝗲𝗻𝗰𝗵𝗺𝗮𝗿𝗸𝘀: Could a regime where active managers are only required to adhere to selected country investments offer the needed flexibility? Isn't it enough for a US active fund to simply invest in US companies? Why include the S&P 500 at all? 📊 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝗠𝗲𝗮𝘀𝘂𝗿𝗲𝗺𝗲𝗻𝘁: What about moving away from a single-figure benchmark to evaluating performance over a range, such as a breakdown of active fund performance by quartile over different periods? These changes could provide a more nuanced understanding of a fund’s success and stand as a more relevant measure of an active manager’s skill. It offers a standard for performance evaluation but also gives the active manager true investment freedom. In short, active managers should be benchmarked to themselves, not an index benchmark. I’d love to hear your views on this, particularly from active managers and fund selectors. I am not anti-passive, I just don’t like the role that passive plays in active management, as it doesn't seem to me to be a level playing field. And when you look at fund flows, particularly in the US, active management is most definitely coming off second best, and I think that's a shame. #ActiveManagement #InvestmentStrategy #FinancialMarkets #FundManagement #Benchmarking #CopleyFundResearch #ETFs

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Data from our network shows that fixed income fund flows continue their blistering pace as investors seek capital safety and strong yields, allocating a record A$6.26bn in 1H 2024. Find out more in our analysis of 1H 2024's managed fund flows 📈➡️

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Weekly Comment Podcast 🎙️ This week’s host, Head of Managed Portfolio Service, Simon Doherty discusses the ups and downs of the past week with Head of Fixed Interest Research, Richard Carter, CFA, and Equity Research Analyst Jaroslaw (Jarek) Pominkiewicz, CFA, CAIA. Among the topics discussed – latest global equities movements following the post US-election gains, lates UK economic data, US inflation increasing for the first time in six months, and much more. Listen now: https://lnkd.in/ek3Kjt79 #QuilterCheviot #QCWeeklyComment Capital at risk.

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French Bond Yields jumped on President Macron's decision to call a snap election. In the chart below you can see the yield on French ten year bonds minus the yield on German 10 year bonds. Both countries use the euro, but yields on French bonds (OATs) have tended to be higher than on German Bonds (Bunds) due to the fact that Germany is precieved to be financially more sound and stable. The soaring yield differential of 0.64% is nothing to write home about (yet). In 2011, the differential reached 1.5% for a brief period.

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