With the exit doors still stubbornly shut, we are observing more private equity firms selling minority stakes in quality holdings to generate cash and return capital to LPs.

Suppose a high-quality company borrows at a low interest rate to fund various initiatives and meet ambitious growth targets. Suddenly, rates increase, the market weakens and the company struggles to raise additional cash-pay debt or highly valued equity, potentially crimping its growth prospects.

This has been a familiar scenario for private equity (PE) firms finding it difficult to harvest investments in their ...

Copper appears a cornerstone of the green-technology revolution. With global supply constrained, we think prices could soon be on the rise.

Copper, a linchpin of the green energy revolution, appears to face a looming supply-demand imbalance that, in our view, could soon shine up the metal’s market price.

On the demand side, government initiatives—such as the US Inflation Reduction Act, RePower Europe, and net-zero commitments around the globe—are turbocharging the need for copper, which is a crucial component in everything from electric vehicles to solar photovoltaic plants.

Sector tilts can skew risk and reward when selecting value stocks. Here is a way to potentially keep the weight down at check-in.

Unintended sector bets can be a trap for value investors and the bane of high Sharpe ratios.

We saw this story play out in the first quarter of 2023 as the MSCI ACWI Value Index (the Index) lagged the broad market by 6.07%. Of this shortfall, 1.98% was driven by an underweight in Technology and an overweight in Financials—the two largest sector tilts in the Index.

In recent decades, value managers that persistently long Financials and short...