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Nov 2017
|
Opportunities and risks

Vital signs: Long/short opportunities in the health care sector

Authors: Jean Hynes, CFA, ...

Structural changes in health care are creating myriad opportunities for long/short investors. Powerful demographic trends are boosting demand and driving volume growth; an impressive pace of innovation is...

File under: Desire for upside, fear of downside: Can alternatives help?

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Nov 2017
|
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Investment Stepping Stones

Author: Adam Berger, CFA

Ideas to help narrow the return gap Today, institutional investors find themselves between a rock and a hard place. Their return targets remain relatively high, yet long-term return expectations for the...

File under: Constructive thinking on active allocations

 
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Oct 2017
|
Portfolio policy
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Evolve your tactical asset allocation by redefining TAA

Authors: Mark Lynch, ...

Tactical asset allocation (TAA ) strategies have long sought to deliver equity-like returns without the market risk of a pure equity allocation. However, such strategies have enjoyed mixed success, which has...

File under: Constructive thinking on active allocations

 
Oct 2017
|
Opportunities and risks

Long/short investing in financials: Tapping into an industry renaissance

Authors: Andrew Heiskell, ...

Over the last 20 years, the financial sector has been among the most volatile within global stock markets — but with little risk-adjusted performance to show for it. A Sharpe ratio of a mere 0.1 for the...

File under: Desire for upside, fear of downside: Can alternatives help?, Constructive thinking on active allocations

More Insight

Oct 2017
| W_lock Staying power: Tapping the value of unconventional stability

Oct 2017
| Monthly Market Snapshot: September 2017

Oct 2017
| Shaping bond allocations to hedge equity risk: Think carry, not just correlation

Oct 2017
| Multi-Asset Outlook — Tick tock till tapering?

Oct 2017
| Global Economic Outlook — The Fed and China should not derail the global recovery

Oct 2017
| Global ESG research update — Getting ahead of ESG risks: Assessing management preparedness

Oct 2017
| Financial Market Review: Third quarter 2017

Oct 2017
| Asset Allocation Forum: The art & science of investing

Oct 2017
| Picking up speed: Logistics opportunities in emerging markets

Sep 2017
| China looms large over the future of Asian health care

Sep 2017
| What should we do about climate change?

Sep 2017
| W_lock Investable innovation: Tracking remarkable biopharmaceutical advances

Sep 2017
| W_lock Global equities: Engineering a disciplined approach to quality growth

Sep 2017
| W_lock Can dividend-paying companies weather increased rate uncertainty?

Sep 2017
| Fed announces balance sheet runoff; leaves rates unchanged

Sep 2017
| W_lock Positioning a pension's return-seeking portfolio for changing market conditions

Sep 2017
| Strong cyclical outlook for emerging markets

Sep 2017
| W_lock Factors and risk premia: Coming to terms with the differences and the investment implications

Sep 2017
| W_lock Balanced Retirement Return: Filling a key gap in workers' retirement security

Sep 2017
| Featured Publications eBook, 2017 volume 1

Sep 2017
| It’s still crunch time in Washington, DC: How will markets respond?

Sep 2017
| Monthly Market Snapshot: August 2017

Sep 2017
| Wellington 360

Sep 2017
| An index isn’t a fiduciary — and six other concerns about the push for passive

Sep 2017
| Navigating 22e-4: Implementing the SEC's new liquidity-risk management rule

Aug 2017
| What's happening with LIBOR — and why you should care

Aug 2017
| W_lock STRIPS and synthetic overlays: A user's guide for corporate pensions

Aug 2017
| The new case for emerging markets

Jul 2017
| The long and short of the tech sector: Key trends driving alpha opportunities

Jul 2017
| Electronic trading takes off in bond markets and at Wellington: What this means for our clients

Jul 2017
| Good reads: Books we're enjoying

Jul 2017
| W_lock Global high yield: Strategic strengths, expanding opportunities

Jul 2017
| W_lock Insiders out: Why index owners may be getting less of the "good stuff"

Jul 2017
| Global Economic Outlook — The reflation theme takes a breather

Jul 2017
| Global ESG Research Update — A new era for carbon risk assessment and disclosure

Jul 2017
| Equity perspectives: A tour of regional opportunities

Jul 2017
| Fixed Income Outlook — Central bank balance sheets and impact on asset prices

Jul 2017
| Financial Market Review: Second quarter 2017

Jul 2017
| W_lock The consumer sector: Tailor-made for beta-neutral long/short investing

Jul 2017
| China A-shares: Index inclusion points the way forward

Jun 2017
| Multi-Asset Outlook — New info, new strategies for the second half

Jun 2017
| Understanding water: Where the investment risks and opportunities are

Jun 2017
| On the cusp of an epic tech cycle?

Jun 2017
| Tip of the iceberg? Iceland's opportunities are just starting to surface

Jun 2017
| Catching the turn in Japanese equities

Jun 2017
| W_lock What's in store for US retail?

Jun 2017
| W_lock End of risk-off? What the turning tide means for contrarians

Jun 2017
| Managing risk in an unconstrained fixed income strategy

Jun 2017
| W_lock 2017 EM Summit video highlights

May 2017
| W_lock Emerging markets: Uncovering opportunities for our clients

May 2017
| Correlation and dispersion: Return of the stock picker's market?

May 2017
| Charging toward a lower-carbon economy

May 2017
| W_lock Making fixed income work harder

May 2017
| W_lock Maximizing total return in fixed income: The three key ingredients

May 2017
| W_lock Emerging local debt: Ready for takeoff

May 2017
| W_lock The case for higher-quality short-duration high yield

May 2017
| W_lock US Treasury Inflation-Protected Securities: Why active?

May 2017
| Some certainty for European markets (for a change): Are equities still a buy?

May 2017
| Weatherproofing a plan's return-seeking assets

May 2017
| US taxable municipal bonds: A primer

Apr 2017
| W_lock China's online revolution: Structural tailwinds for EM digital companies

Apr 2017
| Global ESG Research Update — Toward best practice in stewardship and governance

Apr 2017
| Bank loans: 25 years and growing

Apr 2017
| Growth outliers, creative disruption, and coiled springs: 3 themes for a post-beta world

Apr 2017
| Why convertible bonds? Why now?

Apr 2017
| Video highlights from our 2017 Compliance and Risk Management Forum

Mar 2017
| Loans from Federal Home Loan Banks: An opportunity for US insurers to enhance investment yield and total return

Mar 2017
| With uncertainty so high, why is market volatility so low?

Mar 2017
| W_lock Rising rates are no panacea for corporate pensions: A case for increasing the liability hedge

Mar 2017
| Modi's latest victory should be positive for India

Mar 2017
| Emerging resiliency: A closer look at attractive opportunities in EMs

Mar 2017
| W_lock The renewed case for absolute return fixed income: From challenges to opportunities

Mar 2017
| W_lock Getting the infrastructure in place

Feb 2017
| Mankind's first good forecast

Feb 2017
| W_lock Enduring assets: When the steak matters more than the sizzle

Feb 2017
| W_lock Downside risk management: Theory in practice

Feb 2017
| Do bonds diversify equity risk?

Feb 2017
| Accepting market returns: Risky business for defined contribution plans?

Feb 2017
| Powerful, fast, and more secure: Shifting to the cloud

Feb 2017
| Do you know where your equity revenues are coming from?

Feb 2017
| W_lock Maximizing the diversification benefits of emerging markets equities

Feb 2017
| W_lock Featured Publications eBook, 2016 volume 2

Feb 2017
| The last smart beta webcast

Jan 2017
| W_lock Equity long/short funds: Are the good times gone or does skill still matter?

Jan 2017
| Tax reform and long bond supply: An "early mover" advantage for US corporate pensions?

Jan 2017
| The future of health care investing

Jan 2017
| Emerging markets corporate debt: Attractive opportunities for investment-grade risk

Jan 2017
| Narrowing the return gap: 10 steps in the right direction

Jan 2017
| Update on Latin America

Jan 2017
| Hidden duration in equities

Jan 2017
| Annual message from our CEO: What's on your reading list?

Jan 2017
| Reweighting portfolios for a reflating world

Jan 2017
| Getting real: Eight reasons why we're bullish on real assets

Jan 2017
| How to run twice as fast

Jan 2017
| Four pension issues to watch in 2017: An update for US corporate plans

Jan 2017
| W_lock Is downside risk management still important? A post US election addendum

Dec 2016
| W_lock Real Assets Investment Breakfast

Dec 2016
| 2017 Investment Outlook

Dec 2016
| Low rates and high volatility: Navigating the perfect storm in currencies

Dec 2016
| The case for global equities: Diversifying risk in a volatile world

Dec 2016
| W_lock Setting ROAs: A 2016 year-end guide for US corporate and public plans

Dec 2016
| India's bold moves: Investment implications of recent reforms

Dec 2016
| A new era of populism, politics, and policy: Implications for investors

Dec 2016
| W_lock Opportunistic Inflation Sensitive Bond: A new approach to hedging inflation risk

Dec 2016
| Japan: Corporate reforms starting to bear fruit

Dec 2016
| Japanese companies: Reshaping for enduring competitiveness

Dec 2016
| W_lock ALTA: Understanding the role of fundamental alpha

Dec 2016
| Trump win boosts Bank of Japan policy prospects

Dec 2016
| Guide to impact investing

Nov 2016
| W_lock Harnessing the power of yieldcos: An asymmetric opportunity?

Nov 2016
| W_lock Customizing the pension liability hedge: A balancing act

Nov 2016
| W_lock Finding dividends in unexpected places

Nov 2016
| W_lock The systematic pursuit of absolute return

Nov 2016
| Highlights from our emerging markets women's luncheon

Nov 2016
| Implications of a deglobalizing world

Nov 2016
| W_lock Learning to love EM again: An unconstrained, thematic approach

Nov 2016
| On China: Rebalancing the economy

Nov 2016
| On China: Debt dynamics

Nov 2016
| On China: The black box of politics

Nov 2016
| Addressing today's return challenge head-on

Nov 2016
| W_lock Overcoming negative yields: How currency hedging can turn a negative into a positive

Nov 2016
| W_lock China: Slowing growth, rising opportunity

Nov 2016
| W_lock Short duration bonds: Worth a look by defined contribution plans

Oct 2016
| W_lock Managing capacity in pursuit of sustainable alpha

Oct 2016
| W_lock Solid state: Why the commodities rally is here to stay

Oct 2016
| W_lock Reflections on 16 years of opportunistic investing

Oct 2016
| W_lock What's next? Finding portfolio ideas in a world of mixed signals

Oct 2016
| W_lock Do exchange-traded funds make sense for insurance investors?

Oct 2016
| W_lock The currency quandary: Hedging considerations for Canadian investors

Sep 2016
| W_lock Anchors away? Beware the "lower for longer" consensus trade

Sep 2016
| W_lock Is downside risk management still important? An update seven years later

Sep 2016
| W_lock Emerging markets research: A bottom-up approach to the pursuit of consistent alpha

Sep 2016
| W_lock Impact of the Single Security on MBS investors

Sep 2016
| W_lock Emerging market equities: Time to rethink your exposure?

Sep 2016
| W_lock Emerging local debt: Turning the corner

Sep 2016
| W_lock ALTA: Understanding the role of traditional beta

Sep 2016
| W_lock Declining ratings, longer duration in US investment-grade corporate bonds: How investors should respond

Sep 2016
| W_lock The rise in US LIBOR: What does it mean for investors?

Sep 2016
| W_lock Constructing a corporate bond liability-hedging portfolio: A global perspective

Sep 2016
| W_lock Managing currency within client portfolios: A primer

Aug 2016
| W_lock Social impact: Invest in the world you want to live in

Aug 2016
| W_lock The hedge fund headache and the core alts cure

Aug 2016
| W_lock "Where's the beef?!" Investment ideas for growth-starved investors

Aug 2016
| W_lock Answering the challenge of factor timing

Aug 2016
| W_lock CLOs: Don’t let the initials scare you off

Aug 2016
| W_lock Commercial mortgages: An alternative to long corporate bonds for pension-plan derisking

Aug 2016
| W_lock Asia tech: The eye of the next technology superstorm

Aug 2016
| W_lock Beyond the headlines: What’s really going on with health care

Aug 2016
| W_lock Power shift: Why utilities will run more like Uber and Airbnb

Aug 2016
| W_lock ALTA: Understanding the role of alternative risk premia

Aug 2016
| W_lock Automotive technology: On the fast track

Aug 2016
| W_lock Global Strategic Sovereign: A distinctive approach to government bond investing

Jul 2016
| W_lock Great (capital markets) expectations: Strategies for meeting return targets using public equities

Jul 2016
| W_lock A deeper dive on ALTA: Strategy, objectives, and building blocks

Jun 2016
| W_lock REITs’ GICS reclassification: What really matters for investors

Jun 2016
| W_lock Emerging markets: Follow the wallet

Jun 2016
| W_lock Equity long/short: Are your shorts delivering alpha?

Jun 2016
| W_lock Buckling under hedge fund pressure? Core alternatives can help

Jun 2016
| W_lock The case for ALTA

May 2016
| W_lock From the top: A fresh approach to generating alpha in emerging market equities

May 2016
| W_lock Highlights from our 2016 Roundtable for Family Offices, Endowments, and Foundations

May 2016
| W_lock Treating the world: Opportunities in emerging markets health care

May 2016
| W_lock Generating income: A three-pillar framework

May 2016
| W_lock Anticipating a company's return-on-capital trajectory

May 2016
| W_lock Funded-ratio volatility management: Navigating the perfect storm

May 2016
| W_lock A liquidity-conscious investment framework for corporate pension plans

May 2016
| W_lock A marathon, not a sprint: Assessing the current buying opportunity for enduring assets

May 2016
| W_lock Market Matters: Relief from recession risk

May 2016
| W_lock Faster, cheaper, better: The future of markets and trading

Apr 2016
| W_lock The advent of new energy

Apr 2016
| W_lock The last smart-beta paper you’ll ever (have to) read: Nuggets of hope beneath the hype

Apr 2016
| W_lock Watch the World: The age of uncertainty

Mar 2016
| W_lock What is the likelihood of US oil production meaningfully declining in 2016?

Mar 2016
| W_lock How should investors think about the role of diversification when they consider out-of-favor assets?

Mar 2016
| W_lock Entering a new era of counterparty risk management

Mar 2016
| W_lock Smoothing the lumps: Thoughts on mitigating the risks of lump-sum pension payments

Mar 2016
| W_lock Value realization in Japan: Seeking structural opportunities in a changing environment

Mar 2016
| W_lock Japan and China: What next for these two Asian giants?

Mar 2016
| W_lock Building better betas eBook

Mar 2016
| W_lock Alternatives 3.0: A risk-based approach to improving performance

Mar 2016
| W_lock Sustainable corporate bond investing — without compromising returns

Mar 2016
| W_lock Negative yields: A race to the bottom?

Mar 2016
| W_lock Rethinking alpha transport: Tapping the potential and avoiding the pitfalls

Mar 2016
| W_lock A smarter beta for emerging local debt

Feb 2016
| W_lock Tactical advisory: A new model for the investment management relationship

Feb 2016
| W_lock The US economy: Growing downside risks

Feb 2016
| W_lock Growing pains: Why the recent volatility in health care shouldn’t last

Feb 2016
| W_lock Diversified research strategies: An active equity approach for DC plans

Feb 2016
| W_lock US credit market outlook 2016

Feb 2016
| Japan: The "blood-red supermoon" of investing:

Jan 2016
| W_lock Market Matters: Stick to quality in 2016

Jan 2016
| W_lock Six reasons why commodities are attractive

Jan 2016
| W_lock After seven years of plenty, where are we now in the US credit cycle?

Jan 2016
| W_lock The big squeeze: Why the oil market could remain tight in 2016

Jan 2016
| W_lock Key global themes for insurers in 2016

Dec 2015
| W_lock A currency investor's thoughts on dog walking, cruise control, and surviving a heart attack

Dec 2015
| W_lock ETFs, trading rules, and unintended consequences: Is US equity-market structure in need of repair?

Dec 2015
| W_lock Watch the World: The Brexit question

Dec 2015
| W_lock Investment Outlook 2016: Drawing on our marketplace of ideas

Dec 2015
| W_lock Corporate bond-market liquidity: Don’t be distracted by negative dealer inventory data

Dec 2015
| W_lock Measuring security-level liquidity: A new tool for fixed income portfolios

Dec 2015
| W_lock Guarding against inflation complacency

Dec 2015
| W_lock Technology tailwinds are here to stay

Dec 2015
| W_lock Redefining “long term”: Four capital market trends for the next 20 years

Nov 2015
| W_lock Shifting winds reshape credit-sector opportunities

Nov 2015
| W_lock Factor-based “smart beta”: A short guide to some practical issues

Nov 2015
| W_lock Long-term value apparent in MBS, but not time to buy just yet

Nov 2015
| W_lock Strategic European Equity: In search of structural winners

Nov 2015
| W_lock The hallmarks of a successful strategic partnership

Nov 2015
| W_lock How would CoCos have performed in the global financial crisis?

Nov 2015
| W_lock Fixed income in a slow-growth world: Right-sizing your duration

Nov 2015
| W_lock Abenomics, Kurodanomics, and the 2016 outlook for Japan

Nov 2015
| W_lock Market Matters: Disruptive economy: China in motion

Oct 2015
| W_lock The case for quant: Why systematic investing fits the emerging market opportunity

Oct 2015
| W_lock Take two: Adding active allocations to the conventional corporate DB glidepath

Oct 2015
| W_lock Understanding and exploiting risk-factor outliers

Oct 2015
| W_lock The future of global health care

Sep 2015
| W_lock China A-shares: A differentiated and compelling opportunity

Sep 2015
| W_lock Earnings acceleration: Exploiting cognitive biases that can lead to stock mispricing

Sep 2015
| W_lock Empirical duration: A better measure of rate and spread risk for unconstrained fixed income strategies

Aug 2015
| W_lock Built to last: Potential advantages of REITS relative to private real estate

Aug 2015
| W_lock Alternative approaches to fixed income: An evaluation framework for bond investors

Aug 2015
| W_lock No dividend, no problem: Why nondividend payers are attractive today

Aug 2015
| W_lock Capital allocation: The unsung hero of value creation

Jul 2015
| W_lock Doing well by doing good: Why sustainability delivers a double bottom line

Jul 2015
| W_lock Multi-asset managed risk: An alternatives framework for evolving institutional portfolios

Jul 2015
| W_lock Six reasons to stay active in fixed income

Jul 2015
| W_lock Fixed income trading in the era of liquidity shortages

Jul 2015
| W_lock Want to hedge your currency exposure? Wait for a window

Jun 2015
| W_lock Asset allocation and rising rates: What can we learn from the past?

May 2015
| LiEF: The Liquidity Evaluation Framework

May 2015
| W_lock Inroads to innovation: Revolution and evolution in biopharma

May 2015
| W_lock Think Function, Not Form 2.0: Putting asset allocation assumptions to the test

Apr 2015
| W_lock What makes for an effective unconstrained bond manager?

Apr 2015
| W_lock Everything low but the upside: A contrarian-value investment approach

Apr 2015
| W_lock Five reasons to own US core fixed income — even if rates are rising (sponsored article)

Mar 2015
| W_lock Insight into the agency MBS Credit Risk Transfer program

Mar 2015
| W_lock Beyond gross exposure: Better risk metrics for a leveraged portfolio

Mar 2015
| W_lock Trend-following momentum investing: Attractive and underutilized

Mar 2015
| W_lock The regulatory approach to bank debt continues to evolve

Mar 2015
| W_lock Breaking the fever: Investing in health care cost reduction

Mar 2015
| W_lock (Re)risky business: Ideas for improving pension funding after the fall

Mar 2015
| W_lock From hero to zero and beyond: Investment implications of negative yields

Jan 2015
| W_lock Inside our Morning Meetings

Jan 2015
| W_lock Opportunity knocks: The case for CoCos

Dec 2014
| W_lock The evolution of corporate bond liquidity: The good, the bad, and the ugly (sponsored article)

Dec 2014
| W_lock Five reasons to own US core fixed income — even if rates are rising

Dec 2014
| W_lock Smart beta, alternative beta, and factor investing: New paradigm or clever repackaging of old ideas?

Nov 2014
| W_lock Uncommon skill: The case for sector-specific stock picking

Sep 2014
| W_lock Quantitative enhanced indexing: “Shorting” without the shorts and other advantages

Sep 2014
| W_lock Hedge fund investing after seven lean years

Sep 2014
| W_lock Sovereign savvy: Building a better global government bond benchmark

Sep 2014
| W_lock Asset allocation analysis for insurers

Aug 2014
| W_lock Capital cycles: A tool for uncovering alpha?

Aug 2014
| W_lock Comparing credit risk and equity risk

Jul 2014
| W_lock Japan's improving capital management: From value to value realization

Jul 2014
| W_lock The evolution of corporate bond liquidity: The good, the bad, and the ugly

Jun 2014
| W_lock Developing a derisking glidepath and end-state portfolio: Best practices for corporate plans

Jun 2014
| W_lock Managing risk in multi-asset portfolios: Four priorities for the new model

May 2014
| W_lock High-frequency trading: Boon, bane, or something in between?

Apr 2014
| W_lock Enhancing returns from operating cash

Apr 2014
| W_lock Investing in Rule 144A securities

Apr 2014
| W_lock Bridging the active/passive divide: A risk-based perspective

Apr 2014
| W_lock Against the grain: Practical approaches to contrarian investing

Mar 2014
| ESG integration philosophy

Mar 2014
| W_lock Small caps writ large: The expanding global opportunity set

Mar 2014
| W_lock Patient, heal thyself: The exciting new frontier of cancer immunotherapy

Feb 2014
| W_lock MBS primer

Feb 2014
| W_lock Rising rates: A headwind for low-volatility equities?

Jan 2014
| W_lock A better way to benchmark fixed income portfolios

Dec 2013
| W_lock Is parity passé? A better way to balance risk

Oct 2013
| W_lock A blueprint for better target-date portfolios

Oct 2013
| W_lock Low-volatility equity investing: From theory to practice

Aug 2013
| W_lock Untapped opportunities in a pension’s return-seeking portfolio

Aug 2013
| W_lock The value of value in emerging markets: A sustainable edge?

May 2013
| W_lock Confronting the risk-parity bugaboos: Leverage, derivatives, and counterparty risk

Apr 2013
| W_lock Structuring multi-manager investments for DC plans

Mar 2013
| W_lock Surviving a perfect interest-rate storm: Risk-parity lessons from 1994

Mar 2013
| W_lock Enduring assets: Combining sustainable returns with inflation protection

Nov 2012
| W_lock Rebalance when? Guess again!

Nov 2012
| W_lock Analyzing asset sensitivity to economic regimes

Nov 2012
| W_lock The cyclical nature and changing role of active management

Oct 2012
| W_lock Structuring multi-manager equity portfolios: A new framework for a risk-driven world

Apr 2012
| W_lock LDI in a twisted world: Funding risk revisited

Dec 2011
| W_lock Do ROAs still matter? Pension insights for 2012 and beyond

Nov 2011
| W_lock Think function, not form

Apr 2011
| W_lock Active share: Predicting alpha and risk

May 2010
| W_lock A new risk model for today's volatile markets

Aug 2009
| W_lock Is downside risk management still important?