The ECB Takes Center Stage Again
29 November 2013 | In this piece, Cosimo Marasciulo and Garrett Walsh highlight the main features of the Asset Quality Review process and their possible implications on financial markets. They also focus on the recent interest rate cut in Eurozone, welcoming the expanding role of the ECB to support the banking system and the economic recovery.
European Fixed Income 2.0
08 October 2013 | In this new Perspective, Tanguy Le Saout, Head of European Fixed Income, and Cosimo Marasciulo, Head of European Government Bonds and Foreign Exchange, present the opportunities for absolute return strategies applied in the European Fixed Income environment and the benefits of this new approach combined with strong risk management discipline.
24 September 2013
In this new edition the Head of Investment Management in US, Ken Taubes, gives his thoughts on the US Federal Reserve’s recent decision to retain the current monetary stimulus intact. Investors largely expected the stimulus program to be tapered off right now, so that equity markets and most risky assets welcomed the news.
CIO Letter: On economic transitions, equities and alternative assets
07 November 2013
In this new edition of the CIO Letter, Giordano Lombardo highlights the challenges of economies in transition and the investment opportunities in the current macro scenario. He also points out that the traditional diversification concept is probably not enough in an environment of low expected returns and higher expected volatility. The new born cluster of “liquid alternatives” can provide an additional tool for effective diversification.