INSIGHTS

Insights

Insights from our investment professionals span a variety of topics and time horizons. Our Investment Landscape, published quarterly, reviews the global economy and capital markets with an intermediate to long-term perspective. Our Topics of Interest are white papers covering a variety of topics from a strategic standpoint. Viewpoints are more opinionated, editorial pieces on current issues or trends. And finally, our Annual Outlooks provide a strategic review of key asset classes, such as Real Assets, Hedge Funds and Private Equity, as well as the aggregate active management environment.

High Yield & the Credit Cycle

US High Yield bond spreads peaked in Q1 2016 as a result of the selloff in commodities, led by oil. The credit cycle may be aging and may be appropriate to reexamine the role of high yield bonds throughout different phases of the economic cycle. This TOI seeks to examine the following: The characteristics of… More

October 2016

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Death of the Value Premium?

U.S. value equities have now underperformed U.S. growth equities over the past 10 years. Only two other times in the last nearly 90 years have we seen the value premium produce negative returns on a 10-year basis. It seems reasonable to ask whether we are witnessing the death of the value premium. This question might… More

July 2016

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3rd Quarter 2016 Investment Landscape

A variety of important developments occurred in the second quarter of 2016. During our 3rd quarter Investment Landscape conference call, we discussed : The continuation of the low interest rate environment The behavior of the equity market, and the earnings conundrum Where we stand in the oil market The fallout and lessons from Brexit We… More

July 2016

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3rd Quarter 2016 Investment Landscape Conference Call

The Verus quarterly Investment Landscape conference call was held on Thursday, July 28th at 11:00am (PDT). In our call this quarter, we discussed: The continuation of the low interest rate environment The behavior of the equity market, and the earnings conundrum Where we stand in the oil market The fallout and lessons from Brexit If… More

July 2016

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2016 Private Equity Outlook

Private equity investments are typically longer-term, illiquid, high tracking error commitments with an expected return higher than that of public markets. Performance of this asset class has come down over the years for a range of reasons, including more efficient markets and an increase of capital in the asset class. However, we believe significant value… More

July 2016

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Don’t Be So Negative

Following the global financial crisis, slow global growth and low inflation have prompted a number of central banks to implement a negative interest rate policy (NIRP). Several central banks across Europe and Japan are charging banks a negative interest rate on excess deposits for the first time ever. We believe the analysis of NIRP is… More

June 2016

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2016 Real Assets Outlook

Real asset exposures can provide three key portfolio benefits: inflation protection, a differentiated source of return, and portfolio level diversification. In the 2016 Real Assets Outlook, Verus highlights the following insights: The sharp drawdown and subsequent rebound that occurred across global equity markets in Q1. Real estate fundamentals have improved alongside a slow and steady… More

May 2016

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2nd Quarter 2016 Investment Landscape

A variety of important developments occurred in the first quarter of 2016: The sharp drawdown and subsequent rebound that occurred across global equity markets in Q1 Moderating economic growth in China, and whether we believe the situation is truly a crisis Continuing bold policy moves by central banks and the implementation of negative interest rate… More

April 2016

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