04 Apr 24
Insight
Global Equities
China Equities: The Time is Nigh
Chinese equities are trading at extremely attractive levels, and in our view, the outlook is highly prospective for long term investors.
27 Mar 24
Insight
Fixed Income
Market evolution: Investing in Asset Backed Securities
Since its inception in the 1970’s, the global asset backed securities market has evolved beyond mortgage-backed assets to include loans secured by autos, equipment, credit card/personal loan receivables as well as high yield corporate loans. As the range of investment opportunities has grown, there is an opportunity for enhanced yield compared to similarly rated corporate credit.
15 Mar 24
Insight
Fixed Income
Troubled Times Ahead?
The saying that all good things must come to an end is a bittersweet reflection of reality. Sadly, too many of us fail to appreciate those good times, often focusing on what could or might go wrong. Perhaps this is understandable given the potential for higher interest rates to stifle economic growth and an increasingly complex geopolitical environment.
07 Mar 24
Insight
Australian Equities
Global Equities
ESG in 10 -Episode 15: The disproportionate impact of modern slavery on women and girls
In this episode we explore the disproportionate impact of modern slavery on women and girls and what investors can do about the issue.
28 Feb 24
Insight
Alternatives
Heat Management: Industrial Cooling Solutions
Demand for data storage and processing, accelerated by online meetings and AI advancements, is driving the growth of the data centre industry which requires significant cooling.
Industrial cooling consumes large quantities of water and energy, releasing carbon emissions and waste heat. Efficient cooling solutions are essential for achieving carbon reduction targets and complying with tightening reporting requirements.
26 Feb 24
Insight
Global Equities
Revisiting the GFC playbook
Chinese equities are trading at mouth-watering attractive levels. In our view, the outlook is highly prospective for long term investors. As highlighted in our early January 2024 insights, we believe the issues facing the Chinese economy are well known and manageable! Many new policies and initiatives are being introduced to support and stimulate the economy. The economy will find its footing in 2024. Contrary to numerous pessimistic headlines, the Chinese economy is set to expand between 4.5% to low 5% range in 2024.
23 Feb 24
Insight
Fixed Income
Evolution of bond markets and where to next?
Over the past five years, bond markets have witnessed remarkable transformations, reshaping the investment landscape. From a pandemic to growing global macro-economic pressures, the role of fixed income in portfolio construction remains important. To maximise the benefits of bonds for today’s investor, it is crucial to understand what has driven this market evolution and where to next.
07 Feb 24
Insight
Alternatives
Sustainable Solutions for Industrial Heat Management
Three-quarters of energy used in industry is converted into heat and over half of total energy used is lost as waste heat.
Industrial heating is largely powered by non-renewable resources; producers attempting to achieve carbon reduction targets are looking for alternative, sustainable solutions for generating process heat and recovering energy wasted as heat.
07 Feb 24
Insight
Global Equities
2024 Outlook: An inflection point for Emerging Markets
Welcome to 2024, the Year of the Dragon in the Chinese Zodiac. We believe the fundamentals are in place for emerging markets (EM) to outperform developed economies (DM) in the coming year. Many EM central banks, with a few exceptions, were first to react to combat inflation by shifting monetary policy and tighten financial conditions. As a result, many EMs were the first economies to loosen monetary policies in 2023 which will support growth in 2024.
30 Jan 24
Insight
Fixed Income
Key Themes for 2024: Fixed Income
Ardea Investment Management is a specialist relative value investor, focusing on non-directional opportunities within the global fixed income market. Unlike more traditional fixed income mangers, our investment process seeks to identify and exploit mispricing between assets with similar risk characteristics and does not rely on forecasts for the direction of interest rates or other macroeconomic variables to generate performance.
24 Jan 24
Insight
Fixed Income
Pure Relative Value: The Third Lever of Fixed Income
“In a world that is constantly changing, there is no one subject or set of subjects that will serve you for the foreseeable future, let alone for the rest of your life.” So said the American author, John Naisbitt, whose analysis of social trends led to predictions regarding automation in the workplace, globalisation and even the rise of artificial intelligence.
19 Jan 24
Insight
Alternatives
Preserving Natural Capital by Investing in Sustainable Infrastructure
Pressure to meet environmental metrics and reporting requirements has increased for institutional investors. Investing in natural capital offers a direct pathway for creating a positive environmental impact. However, the risk and return profile for these investments is still uncertain; many are sceptical of strategies that rely heavily on under-developed nature-based credit markets that qualify public good and negative externalities, i.e. biodiversity and carbon, as tradable units.
Investing in sustainable infrastructure assets provides the benefits associated with investing in nature without the risks. Read more to find out how to create a positive environmental impact with the comfort of investing in a traditional asset class.
15 Jan 24
Insight
Global Equities
Why Bother Investing in China?
The investment philosophy of Ox Capital is to buy champion businesses of the future when valuations are depressed. Typically, reason for the negativity is obvious. Our job, as long-term investors, is to look past short-term disruptions, and determine if the businesses possess strong economic moat which enable them to become champion companies in the future.
10 Jan 24
Insight
Alternatives
The Mining Industry: How to fuel the green energy supply chain sustainably
The green transition depends on essential mined materials, however, mining is a linear, extractive industry that consumes a great deal of energy and pollutes local ecosystems. ‘Greening’ production is essential to reducing heavy industry’s environmental impact especially as we accelerate the transition towards a more climate-friendly economy.
Co-locating appropriate renewable energy and water treatment assets on new and existing sites can achieve waste reduction, circular production and sustainable exploration.
12 Dec 23
Insight
Fixed Income
ESG in 10 -Episode 14: Why Europe is the region leading Sovereign Green Bond issuance, with Ardea
Charlotte O'Meara is joined by Gillian Jago, Senior Trader at Ardea Investment Management, to explore the dominance of Europe in sovereign green bond issuance amid a global slowdown.
11 Dec 23
Insight
Fixed Income
What this bond investor is watching most closely into 2024
Ardea Investment Management's Gopi Karunakaran explains how he spots opportunity and discusses the big conflict in central bank policy now.
28 Nov 23
Insight
Fixed Income
ESG in 10 -Episode 13: Navigating the Landscape of ESG in Asset Backed Securities, with Challenger Investment Management (CIM)
Delve into the challenges and advancements of integrating ESG considerations in Asset Backed Securities (ABS).
21 Nov 23
Insight
Fixed Income
Why Europe is the region leading sovereign green bond issuance and what we expect for the last three months of the year
Europe continues to dominate in the green bond space in 2023, with most green bonds issued either by a European name or denominated in EUR. Following Poland as the first sovereign to issue a green bond in 2016, supply and demand for Supranational, Sub-Sovereign and Agency (SSA) green bonds in Europe has continued to grow.
16 Nov 23
Insight
Alternatives
Defensive Equities: When Defence is the Best Offence
In uncertain times, investors looking for shelter can consider an allocation to defensive equities to shore up their portfolio. Listed infrastructure, listed property and low volatility strategies are all different ways to invest in defensive equities, all of which also provide investors with an income yield.
01 Nov 23
Insight
Fixed Income
Challenger Investment Management launches Global ABS Fund
Challenger Investment Management (CIM), part of the ASX-listed investment management firm Challenger Limited, is pleased to announce the launch of the Challenger IM Global Asset Backed Securities Fund (‘The Fund’).
16 Oct 23
Insight
Fixed Income
Article 8, Promoting Environment & Social Characteristics
Since the European Union's Sustainable Finance Disclosure Regulation (“SFDR”) came into force in March 2021, asset managers have been required to provide more information on the sustainability risks and impact of their investment products sold in the European Union.
06 Jul 23
Insight
Fixed Income
Bonds don’t need to be negatively correlated with equities
Fidante sat down with Head of Research at Ardea Investment Management, Dr Laura Ryan and Portfolio Manager, Tamar Hamlyn to discuss the role of government bonds in an equity heavy portfolio.
26 Jun 23
Insight
Alternatives
Fidante enters strategic partnership with Proterra Asia
Fidante is pleased to announce that it has entered into a strategic partnership with Proterra Investment Partners Asia, a leading private equity investor focused on the Asian food and agribusiness sectors.
12 May 23
Insight
Alternatives
Proterra Asia Insights: To eat well and feel good, we need better food systems
The team members of Proterra Asia first started investing in the Asian food and agriculture space more than 15 years ago. We have seen the industry mature from focussing on food safety to food sustainability. Given how important food is to us as individuals and to society, we believe that our food systems should reflect our most noble human virtues.
10 May 23
Insight
Alternatives
Proterra Asia invests in ecoSPIRITS Series A
Proterra Asia, the private equity fund manager focused on investing in the Asian food sector, is pleased to announce its investment in ecoSPIRITS, a circular economy technology company, which has raised USD 10 million in an oversubscribed Series A funding round.
03 Apr 23
Insight
Fixed Income
Ardea's Market Musings: The Tipping Point
• March bank stress is not a repeat of 2008, but downside risks remain.
• We discuss the underlying drivers of historically high volatility in interest rate markets.
• The potential path ahead for rates is wide, underscoring the value of defensive, macro-neutral strategies.
06 Dec 22
Insight
Alternatives
Proterra Asia backs Apeiron Bioenergy to support the shift to waste-based and biomass fuels in Asia
Proterra Asia, the Asian arm of experienced global food and agribusiness private equity fund manager Proterra Investment Partners, has completed its investment in Apeiron Bioenergy, a recognized integrated global player in the entire chain of bioenergy products from feedstock to the end and by-products.
01 Dec 22
Insight
Alternatives
Proterra Asia Announces Final Close of Proterra Asia Food Fund 3
Proterra Asia, the Asian subsidiary of experienced global food and agribusiness private equity fund manager Proterra Investment Partners, completed its final close of Proterra Asia Food Fund 3 (“Food Fund 3” or “The Fund”) on 26th October 2022.
30 Sep 22
Insight
Alternatives
Allocating to unlisted infrastructure: Some size fits all
PATRIZIA explores the benefits of unlisted infrastructure and how to size an investment in the asset class, with the purpose being to educate investors on why they should look to diversify their portfolios with a more meaningful allocation to unlisted infrastructure.
08 Sep 22
Insight
Fixed Income
Ardea Market Musings: From macro to micro: The implications of high volatility for interest rate relative value
Global fixed income markets have experienced a massive correction this year. Aggressive central bank rate hikes, surging inflation and weaker global growth have driven double-digit losses for duration and credit heavy portfolios.
07 Jun 22
Insight
Investing in a world with less money
As we move into times of inflation, what do investors need to know to direct their portfolios for the future?
21 Mar 21
Insight
Slavery: how to combat a modern problem
Charlotte O'Meara from Fidante Partners explains what constitutes modern slavery and outlines some key considerations for financial advisers when looking at their fund managers.