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Ultimi Episodi
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Politiche fiscali e mercati
La recente volatilità del mercato dei titoli di Stato giapponesi, tradizionalmente stabile, sta attirando l’attenzione globale. Cosa sta accadendo?
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Il consumatore e la sfida del mercato
In un contesto caratterizzato da dinamiche politiche in continua evoluzione, mercati volatili e reazioni eccessive, il consumatore statunitense ha saputo finora dimostrare una resilienza sorprendente.
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CIO Weekly Perspectives | June 2025
A 20,000-Foot Perspective: Fiscal Policy Takes the Lead
- Recent volatility in traditionally “sleepy” Japanese bonds bears watching as fiscal policy becomes the chief policy lever globally; the country’s role as one of the world’s major creditors means that what happens there could have far-reaching impact.
Disruptive Forces in Investing | June 2025
Stop Guessing Tomorrow: Insights on Long/Short Strategies
- Mark Regenbaum shares lessons learned from two decades of experience managing long/short portfolios.
CIO Weekly Perspectives | June 2025
The Consumer Hangs In
- Amid changing policy dynamics, fluctuating markets and swings in sentiment, the U.S. consumer has, so far, remained surprisingly resilient.
Article | June 2025
Will Smart Glasses Replace Smart Phones?
- AI-powered eyewear offers a glimpse into the (not-so-distant) future. Growth investors, take heed.
Article | May 2025
Confusing Correlations: What’s Really Behind Them?
- In recent weeks we’ve witnessed extreme correlations among asset classes. Are they heralding a structural shift that requires meaningful asset allocation adjustments, or should long-term investors stay the course within their portfolios?
Article | May 2025
Is EM Local Debt Benefiting From ‘America First’?
- Emerging markets local debt is regaining momentum, fueled by shifting U.S. policy.
CIO Weekly Perspectives | May 2025
Trump/Powell: The Two Poles of Policymaking
- The Fed’s processes are designed to minimize the cost of capital while the president’s tactics seem to be raising it—who’s right and who’s wrong?
Video | May 2025
Neuberger Berman Private Markets: Q1 2025 Preliminary Valuation Summary & Analysis
- (3:08) Doug Manor, Managing Director, Neuberger Berman Private Markets, provides an overview of private equity markets and an outlook based on trends in the marketplace.
Article | May 2025
Finding the Sweet Spot in the Private Equity Capital Stack
- “Capital solutions” has become a catch-all moniker within private markets, leaving many asset allocators to scratch their heads as to what these funds actually do and the risks they take.
CIO Weekly Perspectives | May 2025
From Liberation Day to Independence Day
- Business confidence needs to improve to restart U.S. investment and growth—could the forthcoming tax bill provide the impetus?
Disruptive Forces in Investing | May 2025
Navigating the New Normal in Private Markets
- (21:41) Discover how private markets are navigating tariffs, liquidity, and innovation in today’s economic climate.
Article | May 2025
Private Equity: Capitalizing in the Current Climate
- Despite recent headwinds, we believe private equity can help shield investors from negative tariff impacts while delivering long-term portfolio diversification.
CIO Weekly Perspectives | May 2025
Dollar in the Doldrums
- Why there has been no bounce-back by the greenback, and what that implies for asset allocation.
Disruptive Forces in Investing | May 2025
The High Yield Playbook: Positions and Possibilities
- (17:35) Explore how wider spreads, tariff impacts, and sector-specific trends are reshaping the high yield market.
CIO Weekly Perspectives | May 2025
The End of American Exceptionalism?
- The rest of the world is due some cyclical catch-up with the U.S., but talk of a structural change in the global economic ecosystem is premature.
Article | April 2025
Surging Tariffs Are Flipping the Chip Script
- The global trade war is accelerating China’s localization efforts; spurring low-cost production in India; and driving incremental growth in Asia’s Golden Triangle.
CIO Weekly Perspectives | April 2025
Default Not in Our Stars
- We don’t think tariffs will cause a major spike in high-yield and loan defaults, and that means current spreads and yields look attractive.
CIO Weekly Perspectives | April 2025
Buried Treasuries
- Why U.S. government bonds had a scare, what calmed them down, and what all that suggests for the next few months.
Article | April 2025
Potential Impact of U.S. Tariffs: Private Equity Manager Perspectives
- We surveyed our deep network of private equity managers for insights on the impacts of President Trump’s tariff announcement.
Disruptive Forces in Investing | April 2025
Volatility: Finding True Diversifiers
- (20:32) Explore how true diversifiers and dynamic strategies can help investors mitigate market volatility and build resilient portfolios in uncertain times
Fixed Income Investment Outlook | April 2025
Riding Out the Storm
- Announced tariffs could have long-term implications, but are already creating windows of opportunity across the fixed income markets.
CIO Weekly Perspectives | April 2025
First Principles in the Face of Uncertainty
- The current situation is unusually difficult to model, and that reinforces the first principles of investment: know your objectives, diversify and rebalance.
Asset Allocation Committee Outlook | April 2025
The Storm Before the Calm?
- The first weeks of the new U.S. administration have been hugely disruptive—can sentiment improve as focus shifts from trade to tax cuts and deregulation?
Article | April 2025
High Yield’s Eye-Catching Spreads
- We believe a yield advantage and improved credit quality make U.S. high yield worth a look.
Equity Market Outlook | April 2025
Equity Market Outlook 2Q 2025
- While surging tariffs and a hard sell-off have sown uncertainty, we expect negotiations to bring some relief on initial tariff proposals, and that sharply slower growth seems more likely than a U.S. recession.
CIO Weekly Perspectives | April 2025
Trade War, or Will Cooler Heads Prevail?
- Negotiation or retaliation—the world’s response to the surprisingly aggressive U.S. tariff announcements will be critical.
Article | April 2025
Trump’s Tariffs: The Impact on Fixed Income
- New tariffs could hamper U.S. economic growth and change market dynamics for the long term.
Article | April 2025
Neuberger Berman Private Markets: Q4 2024 Preliminary Valuation Summary & Analysis
- Doug Manor, Managing Director, Neuberger Berman Private Markets, provides an overview of the private equity markets and an outlook based on trends in the marketplace.
Article | April 2025
Making America’s Chip Fabs Great Again
- As national security threats mount, the U.S. aims to revive production of complex computer chips, creating potential opportunities all along the semi supply chain.
Disruptive Forces in Investing | April 2025
It’s April: Time to Talk Taxes
- (17:57) Discover how tax-efficient strategies can unlock hidden value in volatile markets.
White Paper | April 2025
The Endowment Model Reimagined
- The endowment model defined the “art” of portfolio management, but now it needs to adopt the latest “science.”
CIO Weekly Perspectives | March 2025
It’s ‘Show Me’ Time
- Seventy days into the new U.S. administration, we are beginning to accrue enough hard data to correct or confirm the pessimism of recent soft data.
Article | March 2025
German Infrastructure: Catalyst for European High Yield?
- We believe the new German government’s infrastructure plans have the potential to materially benefit the European high yield market.
CIO Weekly Perspectives | March 2025
“Wait and Worry” or “Wait and See”?
- U.S. consumers aren’t happy, but U.S. executives don’t share their gloom.
White Paper | March 2025
Corporate Hybrids: What Are They?
- A short introduction to a unique and fast-growing asset class.
Disruptive Forces in Investing | March 2025
Could Value Stocks Make a Comeback?
- (20:32) Is it time for investors to rethink their approach to value investing?
CIO Weekly Perspectives | March 2025
European Renaissance
- A broadening of equity market performance beyond U.S. mega-caps was one of our key themes for 2025—right now, Europe is where it is playing out most notably.
Article | March 2025
Rebalancing Act: Rethinking Growth Versus Value
- Recent gyrations have highlighted the inherent risk in the U.S. equity market’s growthy tilt—more evidence, in our view, that it’s time to increase exposure to value.
Article | March 2025
The M&A Resurgence: Finding Opportunities in Fixed Income
- After years of limited activity, companies are looking for a chance to accelerate M&A, but the new administration and its policies will likely set the tone for dealmaking.
CIO Weekly Perspectives | March 2025
Mr. Trump Goes to Washington
- The new U.S. administration has promised many pro-growth policies, but can those ambitions survive the disruptive measures of its early months?
Video | March 2025
2025 Capital Market Assumptions
- Neuberger Berman’s 2025 Capital Market Assumptions offers investors intermediate-term (5-10 year) forward-looking return and risk estimates for fixed income, equity, and alternative asset classes across multiple geographies.
Article | March 2025
Going Global in Investment Grade Credit
- Investment grade credit yields are attractive even though spreads are tight, and a global approach can add another layer of opportunity.
Disruptive Forces in Investing | March 2025
NVIDIA, DeepSeek and the Evolution of AI
- (28:03) How are market assumptions about AI shaping investor sentiment, and what do advancements like DeepSeek mean for the future of semiconductors and global innovation?
CIO Weekly Perspectives | March 2025
Germany’s Game-Changing Election
- The country’s politics are getting a boost of uncharacteristic urgency from coming Chancellor Friedrich Merz, with even the constitutional “debt brake” up for grabs.
Article | March 2025
Forget the Magnificent 7: Meet China’s Terrific 10
- China’s top tech firms are emerging as global contenders as President Xi Jinping aims to boost innovation and revitalize his country’s economy.
White Paper | March 2025
Local-Currency Frontier Bonds: EMD’s New Horizon
- High yields, surprisingly low volatility and strong diversification benefits are attracting investor interest.
Article | February 2025
Hidden Value: Tax-Loss Harvesting in Up Markets
- Selling for tax purposes is not just viable during periods of market weakness.
Article | February 2025
Ratings Renaissance in Emerging Market Corporates
- In a dynamic environment, we believe emerging market corporate credit ratings should show continued improvement.
CIO Weekly Perspectives | February 2025
Antitrust Angst
- Does the retention of the Biden-era M&A guidelines raise more doubts about the new U.S. administration’s pro-business agenda?
Article | February 2025
2024 Proxy Season in Review
- For the fifth consecutive year, Neuberger Berman continued our tradition of active engagement in an effort to enhance shareholder value and manage risk for our clients.
CIO Weekly Perspectives | February 2025
A Growth Mindset
- For more than two years, inflation news was the prime mover of market prices; we think last week confirmed that a new dynamic is in play.
Disruptive Forces in Investing | February 2025
What Do Tariffs Mean for Private Equity?
- (14:34) Ralph Eissler discusses tariffs and Private Equity with host Anu Rajakumar
Article | February 2025
Emerging Markets: Low Corporate Defaults Spell Potential Opportunity
- Investors appear to be underestimating credit prospects in a generally moderate economic climate.
Article | February 2025
What’s Next For Pharmacy Benefit Managers?
- These giant middlemen claim they help keep drug costs in check, but scrutiny—and competition—are brewing.
White Paper | February 2025
Japanese Equities in 2025: Goldilocks Would Approve
- Japanese Equities: Are the “Lost Decades” Finally in the Rear View?
Article | February 2025
Private Markets: As The Ice Breaks
- With a liquidity drought fading, investors can return to the more normal task of building private market portfolios designed to pursue unique investment goals.
White Paper | February 2025
Corporate Hybrids Arbitrage: Trading the Ebbs and Flows of Extension Risk
- Is there structural mispricing in Corporate Hybrids?
CIO Weekly Perspectives | February 2025
The Tariff Man Cometh…and Go-eth?
- Are these levies just a negotiating tool, or an unorthodox revenue-raising scheme? The answer could determine how seriously investors should view them.
Article | February 2025
Local Currency Bonds: The Next Frontier
- Frontier markets are well represented in investors’ allocation to USD markets but not so much in local currencies. This may be changing given growing interest in its strong performance and benchmark providers creating more transparency.
Article | February 2025
The Golden Age of Customized AI Chips
- As demand for training large-scale AI models shifts to delivering more precise inferencing capabilities, the race to build application-specific chips is heating up.
Article | February 2025
Tariffs Are Here: What Does That Mean for Private Equity?
- We believe investments in private equity may be less affected by a tougher U.S. tariff regime than the overall economy.
CIO Weekly Perspectives | February 2025
A More Commodious Curve
- By fundamentally changing incentives, a normalizing yield curve makes the bond market much more friendly to investors.
Disruptive Forces in Investing | January 2025
Fixed Income Moves in 2025
- (23:42) CIO and Global Head of Fixed Income, Ashok Bhatia, discusses rates, inflation and policy with host Anu Rajakumar and how these forces could impact Fixed Income in 2025.
Article | January 2025
Seeking Perspective On DeepSeek
- A Chinese AI start-up claimed its large-language model needs far less computing power than established models. What’s it all mean for chipmakers and the broader economy?
Article | January 2025
Fixed Income: Be Prepared for Policy-Driven Volatility
- In the wake of electoral shifts, policy changes could add to market turbulence, creating new risks but also opportunities.
CIO Weekly Perspectives | January 2025
Are We Any Clearer About Trump 2.0?
- Were 26 executive orders enough to convey the new administration’s direction and resolve the uncertainties in our outlook?
White Paper | January 2025
Private Equity and Rates, Part II: Do Rates Really Matter for Private Equity?
- As the Federal Reserve embarks on a new rate cut cycle, we explore the long-term relationship between interest rates and private equity performance.
Article | January 2025
Brightening Capex: A Value Tailwind?
- Global industrial activity appears to be gathering steam, potentially spurring capital expenditures, which could favor value stocks and small caps.
White Paper | January 2025
Corporate Hybrids Take the World Stage—Revisited
- The U.S. corporate hybrid market emerged as a competitor to Europe’s in 2024, creating alpha opportunities for global investors like Neuberger Berman.
CIO Weekly Perspectives | January 2025
A Choppy Start to a Year of Uncertainties
- The first two weeks of 2025 perfectly illustrate why we see a wide dispersion of potential outcomes for the year, and advocate staying nimble and diversified.
White Paper | January 2025
Private Equity and Rates, Part I: The Theoretical Framework
- Why we think declining rates should raise private equity valuations, and help unblock deal activity and fund distributions.
Asset Allocation Committee Outlook | January 2025
A Delicate Balance
- We think easing inflation and a pro-business policy environment will support above-trend growth in 2025, but the balance is delicate with risks piled up on both sides.
Article | January 2025
Navigating the Tides of Political Transition
- As a new administration takes the helm, we believe investors should stay focused on the economic metrics, not political theatrics.
Fixed Income Investment Outlook | January 2025
Navigating New Fiscal Forces
- Monetary policy is giving way to fiscal dynamics in driving market behavior.
CIO Weekly Perspectives | January 2025
Growth, Inflation and Equity Markets
- We anticipate a supportive U.S. growth and inflation environment in 2025, but equity investors may not benefit from it by simply tracking the S&P 500 Index.
White Paper | January 2025
Navigating Private Credit’s Next Act
- As the private credit market rapidly evolves, we believe investors should consider a more flexible and specialized allocation approach.
Video | January 2025
Comparing Evergreen and Traditional Fund Returns
- As the landscape of private equity investing continues to evolve, evergreen funds have emerged as a compelling alternative to traditional funds.
Article | January 2025
The Potential Power Of AI Agents
- Unlike traditional bots, these virtual helpers can learn, adapt and manage tasks dynamically—putting us on the cusp of true AI proliferation.
Equity Market Outlook | January 2025
Equity Market Outlook 1Q 2025
- We believe a strong economy, rebounding industrial activity, improving liquidity and rising animal spirits should continue to support corporate earnings growth and a broadening of the U.S. equity market in the coming year.
Disruptive Forces in Investing | January 2025
Small Caps, Big Opportunities
- (12:12) Anu Rajakumar chats with Greg Spiegel on the opportunities, risks and potential of this asset class
Article | January 2025
Navigating 2025: The Intersection of Sustainability and Pragmatism
- How political trends could shape policy decisions and regulatory frameworks this year
CIO Weekly Perspectives | January 2025
The Year Ahead for Bond Markets
- Why we think 2025 presents a favorable backdrop for fixed income investors, despite the potential for rising volatility.
Disruptive Forces in Investing | December 2024
Solving for 2025
- (27:00) With specialized insights into growth drivers, equity market shifts, and bond market opportunities, we dive into our 2025 outlook, Solving for 2025.
CIO Weekly Perspectives | December 2024
Positive on Equities, Cautious on the S&P 500
- Why we think 2025 could bring a long-awaited reward for the discipline of diversification.
Article | December 2024
Navigating the Health Care Industry in Trump’s Second Term
- Significant policy proposals could be in store, along with a more business-friendly approach.
Article | December 2024
Emerging Markets Debt Under Trump 2.0
- EMD has been more resilient after November’s election than it was after the 2016 result—so, what has changed, and will this resilience last?
CIO Weekly Perspectives | December 2024
Fiscal to the Fore
- How the budget battles in France, Germany and even South Korea fit with our fiscally focused investment themes for the year ahead.
Article | December 2024
Private Funds CFO Roundtable: The Strategic CFO
- In a roundtable discussion conducted by Private Funds CFO, Barry Giarraputo discusses the role of the CFO In driving strategic direction while ensuring that scalable infrastructure is in place to deliver sustainable growth.
NB Blog | December 2024
Trump 2.0 and the Semiconductor Supply Chain
- Donald Trump’s re-election could accelerate efforts to localize semiconductor production and spark more “friend-shoring” across Southeast Asia.
Article | December 2024
Buyouts Secondaries Roundtable: This is Not a Market Moment
- In a roundtable discussion conducted by Buyouts, Boriana Karastoyanova evaluates the continued demand for capital solutions in the secondaries market, as both GPs and LPs navigate a shifting market backdrop.
Article | December 2024
The Opportunities Across Private Equity’s Current Liquidity Landscape
- There are attractive opportunities for experienced liquidity providers in the current private equity market environment.
CIO Weekly Perspectives | December 2024
COP29: Show Me the Money!
- Islands of agreement cannot disguise a rising sea of disappointment, piling pressure on COP30 to restore a spirit of multilateralism.
Article | November 2024
Neuberger Berman Private Markets: Q3 2024 Preliminary Valuation Summary & Analysis
- Doug Manor, Managing Director, Neuberger Berman Private Markets, provides an overview of private equity markets and an outlook based on trends in the marketplace.
CIO Weekly Perspectives | November 2024
The Dollar and the Euro: On a Path to Parity?
- Why we think it could take longer than expected, with better entry points still to come.
NB Blog | November 2024
Small Caps: What You Don't Know But Should
- Small cap stocks span a wide range of characteristics and performance drivers that we believe index funds are not built to exploit.
CIO Weekly Perspectives | November 2024
Back to Business
- After a year of tumultuous elections, investors can now refocus on company fundamentals—and the outlook is more nuanced than it might seem.
Disruptive Forces in Investing | November 2024
Disruptive Forces Election Special: Trump's Cabinet
- (25:36) Join Anu Rajakumar and Brad Tank as they explore the anticipated differences, potential impacts, and policy directions of Trump 2.0.
Article | November 2024
Key Implications of Trump 2.0 for Private Equity
- While the policies and implications of Trump 2.0 are difficult to predict, we remain optimistic about private equity’s ability to navigate change in a dynamic environment and potentially deliver attractive risk-adjusted returns.
White Paper | November 2024
Small Caps: To Index or Not to Index
- Small caps are the most passively managed among all equity size categories, yet we believe they offer a highly contoured and target-rich landscape for active stock selection.
Article | November 2024
COP29: Temperature Overshoot, Policy Undershoot
- As COP29 gets underway, we consider the meeting agenda against the background of both the climate itself and recent progress on climate policy and financing.
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