Are we living through a generational re-pricing of risk in US Treasuries?

Matt McLennan and Kimball Brooker, co-heads of the Global Value team, discuss how changes in this dynamic could usher in a more nuanced investment landscape in which accessing differentiated sources of risk and return again take precedence.

Bill Hench, head of the Small Cap team, ponders the forces that in the years ahead could unleash a wave of earnings growth, including lower interest rates, a more benign regulatory environment and reenergized mergers and acquisitions and capital markets activity.

Napier Park’s Head of Real Estate Debt Strategies Rajesh Agarwal and Managing Director Tim Ruberti discuss why they believe the current environment favors private investment opportunities in real estate specialty lending.

John Miller, head and chief investment officer of the High Yield Municipal Credit team, walks a differentiated path. As he discusses, this includes directing the team’s underwriting knowledge toward the large, diverse cohort of nonrated municipal bonds.

Though middle market direct lending volumes have firmed relative to a moribund 2022–23, Federal Reserve easing has yet to unleash the massive wave of mergers and acquisitions (M&A) activity needed to truly open the floodgates.