Centralized Portfolio Management

What Is Impact Investing?

Impact investing may be the key to generating measurable social or environmental benefits while also fueling healthy financial return.

While the Last Round in the Inflation Fight Might Be the Hardest, Don’t Expect Gold to Outperform

Read why we think it makes sense to prepare for bouts of unexpected inflation by including a modest allocation to diversified commodities in a resilient core portfolio.

Reducing Leverage When Cash Rates Are Elevated Is (Probably) Market Timing

Should investors use leverage in their portfolios when interest rates on borrowing have risen? Read why we think it can still make sense.

2024 Institutional Outlook: Working with Investors to Help Enhance Portfolio Value

What matters most to institutional investors in 2024? Here’s what we think.

2024 Responsible Investing Outlook: Moving Climate and Diversity Efforts Forward Against the ESG Backlash

After two years of public debate and political backlash against ESG, what’s next for responsible investors in 2024?

2024 Commodity Outlook: Peak Rates and Inflation Give Way to a Sustainable Future

Read why we think commodities belong in a well-diversified portfolio, even after interest rates and inflation have peaked.

2024 Liability-Driven Investing Outlook: Are the Tides Turning for Pensions?

Has the demise of pension plans been greatly exaggerated? With the right LDI strategies and funding in place, sponsors might manage cost and risk more effectively. See how different strategies can help.

2024 Fixed Income Outlook: A Happy New Year for Bonds

Delayed market trends have investors wondering what will happen in 2024. Read why we think bond investors could have a happy new year.

Season’s Greetings: How the Year-End Funding Squeeze Has the Potential to Enhance Cash Returns

A persistent trend in the funding market around year end may provide investors with an opportunity to materially improve yields on any excess cash they hold.

Stocks, Bonds, Cash, Commodities: Rethinking the Typical Core Portfolio

Many investors don’t think much about including commodities in their portfolio. Read why it can be an important tool for resiliency and diversification.

Bonds Are Back: What Are You Waiting For?

With interest rates rising to attractive levels, we believe it’s time to take advantage of a potentially overlooked opportunity. Find out why.

What’s Next for the SEC’s Climate Disclosure Rules?

Company reporting on climate risks isn’t enough for today’s investors. Read how the SEC climate disclosure rules may change that.

Understanding the Recent Surge in 0DTE Options

Read why 0DTE options—once reserved for large institutions—are now popular among even the smallest investors.

Consider New Ways to Invest Margin Cash and Capture Rising Yields

With Treasury yields on the rise, it’s time for institutions to reevaluate their cash positions. See the potentially improved efficiency of an overlay program.

Midyear LDI Outlook: Don’t Sleep on Your Pension Plan

Early 2023 market returns have been surprisingly promising, but what does that mean for pension plans?

Commodity Investing Is More Than Just China’s Story

The next commodity supercycle could be bigger than any one country—even the world’s second-largest. See which themes may be responsible.

Why a Talented Trading Desk Matters for Fixed Income SMA Investors

Across the fixed income asset class, trading efficiency matters more than many investors realize. See how our technology makes it happen.

Why a Talented Trading Desk Matters for Fixed Income SMA Investors

Across the fixed income asset class, trading efficiency matters more than many investors realize. See how our technology makes it happen.

Summer’s Arrival Means the Time Is Now for Muni Investing

It was a challenging spring in the muni market. As we approach summer, learn why we believe investors have reasons for optimism.

Midyear Fixed Income Outlook: “Hold! Hold!”

Read why we believe the Fed will pause further interest rate hikes, but for only so long.

Midyear Investment Outlook: Why Investors Should Weatherproof Their Portfolios

When it comes to the markets, problems are always possible. How can investors build a portfolio that’s ready for anything?

Midyear Emerging Markets Outlook: Will the US Dollar Continue to Misbehave?

In emerging markets, a poorly performing US dollar is a good thing. How do we see the greenback performing over the rest of 2023?

Navigating the Ins and Outs of the Quality Factor

Building quality into a portfolio requires understanding its meaning. Which quality strategy best fits investor objectives?

How the Municipal Bond Market Funds Climate Solutions

What role can the municipal bond market play in addressing climate change?

Consider Volatility Targeting to Soften the Impact of the Debt Ceiling Battle

Every investor should know to expect volatility—but they rarely know when. Can your portfolio react soon enough?

Investigating the Inverse Relationship Between Commodities and the US Dollar

Read about why the typical relationship between the US dollar and commodity prices has changed.

Ending Another Cycle: What to Do with Rising Rates in Fixed Income

Read why following the Fed’s lead has historically delivered strong performance for fixed income investors.

What’s Behind the Disconnect Between Coupon Income and Yield?

Laddered bond portfolios aim to make income more predictable. What’s happening when income and yield diverge? Get the answer.

A Corporate Pension Inflection Point: Minding the Yield Curve

Plan sponsors may be in a better position than ever to preserve funded status. Explore retooling pension plans to better manage curve risk.

Earth Day 2023: Past Performance Can Inspire Future Results

Millions of people took action against pollution more than 60 years ago. See how today’s investors can do the same in the fight against climate change.

Climbing Out of Cash with a Bond Ladder

How can investors lock in high rates with reduced risk?

Fixed Income ESG Outlook 2023: Inflows and Issuance on the Rise

Increasing consumer demand and growing greenwashing concerns are pushing policymakers toward regulating ESG-labeled bonds differently.

What Happened to Equity Volatility in 2022?

Find out why we think call overwriting strategies are attractive in the current environment.

2023 Institutional Outlook: Making Preparations for Market Gyrations

Hedging against portfolio risk seemed like a good idea at the time. Why did portfolios underperform anyway? Find out what’s under the hood of the options market.

2023 LDI Outlook: It’s All About Balance

Strike the right balance between risk and reward in pension plan funding.

Why Investors Should Look Beyond Indexes for Commodity Exposure

Can commodities help in times of high inflation?

Interesting Times: Exploring the Three Rs of Fixed Income

What do the three Rs of fixed income investing tell us about what to expect? We see signs of stabilization ahead.

2023 Investment Outlook: Will We Win the Fight Against Inflation?

It was a banner year for tax-loss harvesting and Fed tightening. But what opportunities lie ahead for 2023?

What Can the UK’s LDI Turmoil Teach US Pensions?

The UK gilts curve shock highlights the importance of liquidity in pension plans.

Untangling Contango in Commodity Portfolios

Commodities investors would be wise to ride out a period of contango rather than focus too much on the future they think it predicts.

How Can Investors Ease the Effects of Inflation?

When inflation brings stock and bond prices too close together, it’s time for investors to build diversification.

How Can Investors Help Close the Gender Gap?

Investors play a key role in ensuring companies provide a safe and fair workplace and helping close the gender gap.

What Is the Volatility Risk Premium?

Recent trends tell us that volatility will remain high in the current environment. Find out how investors can use the volatility risk premium during these market conditions.

Understanding the Zigs and Zags of Emerging Markets

We believe there are solid reasons to own emerging market equities as a means of diversifying portfolios across markets, minimizing risk, and maximizing growth opportunities.

Midyear Responsible Investing Outlook: Navigating the ESG Backlash

Recent debates run the risk of leading investors to oversimplify ESG. Find out what truly responsible investing means.

Midyear Bond Outlook: A Stable Ladder in Uncertain Times

How can bond investors stay ahead of rising rates?

Fighting Fire: How Commodities Help Beat Back the Flames of Inflation

Can commodities help in times of high inflation?

What Fixed Income ESG Investors Should Keep on the Radar in 2022

What can responsible investors in fixed income expect in the year to come? Sustainable bonds should play an increasingly important role.

The State of the Commodities Market

While commodities markets are slowing somewhat, we still see opportunities.

2022 LDI Outlook: How Might 2022 Affect Pension Investment Decisions?

Explore what 2022 might hold in store for pensions and their sponsors.

What We Talk About When We’re Talking About Inflation

The BLS publishes the CPI, the BEA publishes the PCE using the NIPA, markets expect hikes in bps from the FOMC, and investors say OMG. It all spells inflation—but in two different ways.

Finding Balance in Diversified Index Portfolios

How can index investors build accessible, diversified portfolios that achieve their goals?