Rates high for longer, hurting commercial real estate
Hopes in the commercial real estate sector that central banks would lower interest rates due to declining inflation have been dashed. Interest rates are staying high for longer, causing problems, particularly for those who borrowed heavily during the market boom to fuel growth and who now face the burden of refinancing their debt.
In Flux: Singing the Aladdin song at Quintet
Just over one year into his tenure as Chief Executive Officer at Quintet, Chris Allen has unveiled a significant next move for the Luxembourg-headquartered private bank. The partnership he has brokered with BlackRock aims to inspire a fresh way of working in its five main markets, one that respects the nuances of domestic investment cultures.
Antonucci named Chief Investment Officer at Quintet
Daniele Antonucci has taken on a new role at Quintet Private Bank. He has been appointed as Co-Head of Investment & Chief Investment Officer per July 1, he announced in a post on LinkedIn.
Antonucci joined Quintet in April 2020 and has since then served as Chief Economist & Macro Strategist. Before joining Quintet, he was Chief Euro Area Economist at Morgan Stanley.
Invesco's 2023 Mid-year Investment Outlook
We believe we’re at or near policy peak, that disinflation is underway, and that a relatively brief global economic slowdown is happening. But markets are likely to soon look past this episode and begin to discount a future economic recovery.
Pimco: Prolonged high rates will punch hole in balances
The world’s largest active bond house is warning that, despite last week’s declines, stock markets are still too optimistic about the ability of central banks to stave off a recession.
This recession, says Pimco’s global strategist Gene Frieda, is the most anticipated of all time, but it is indeed coming. He believes that the optimism in the stock market is premature: “Markets are still pricing in interest rate cuts too soon,” the strategist tells Investment Officer.
Efama: European funds sector does not pose systemic threat
The European Fund and Asset Management Association (Efama) has declared that the European investment fund sector is not capable of undermining financial stability to the extent that it results in systemic risks.
Asset managers await a Darwinian consolidation battle
Accountancy firm PwC’s latest global asset management survey predicts a Darwinian industry shake-up, forecasting that one in six asset management firms worldwide will disappear by 2027 amid looming consolidation and technological disruption. “The choice is simple – adapt to the new context or fail.”
Capital Group | Mid-Year Outlook 2023
As we reach the midpoint of 2023, global markets have shifted from binary to balanced, from either/or investment choices to a much broader set of opportunities − which is good news for active investors.
PGIM Investments: Rate Reset May Fuel A New Bond Bull Market
PGIM Fixed Income Co-Chief Investment Officer Greg Peters explains why he believes we’re in the early innings of a new bond bull market.
Podcast: Alfi chair Goy on priorities for Luxembourg funds
Jean-Marc Goy, recently appointed as chairperson of Alfi, the Association of the Luxembourg Fund Industry, speaks to Investment Officer’s Raymond Frenken about his priorities for the association and about Luxembourg’s role as a leading European and global centre for investment funds.