Latest News,
Views & Blog

Multi-Asset Blog

Read More

Emerging Market Viewpoints

Read More

G10 Macro Rates Blog

Read More

In the News

Read More

Emerging Markets Viewpoints - June

12 June 2017

Latest Emerging Market Viewpoints
From Matt Linsey and the North of South Capital team

The recent search for yield on the part of investors has seen a remarkable compression in spreads over the past year. Highly leveraged Chinese property companies have been amongst the chief beneficiaries of this euphoria, with a gross issuance of more than $14 billion in debt this year. 

Read More

PAM becomes a partner in emerging markets equities manager North of South Capital

18 May 2017

Pacific Asset Management has become a partner in the boutique emerging markets equities manager, North of South Capital, founded by emerging market veteran investor Matt Linsey in 2004. Sir John Beckwith’s global diversified investment group Pacific Investments has considerable experience in emerging markets, having successfully founded Thames River Capital with its flagship emerging market fund Thames River Nevsky, which later became Nevsky Capital. 

Read More

Multi-Asset Blog - America Last?

11 May 2017

Will Bartleet, CIO and Portfolio Manager of Pacific Multi-Asset
America Last?

US investors could be forgiven for putting America first in their asset allocation over the last seven years. US stocks gained over 130% from the end of 2009 to the end of 2016, whilst the rest of the developed world rose less than 30% and emerging markets only managed to return 6% in dollar terms.

American equities have had a lot going for them: a hugely supportive central bank, the strongest recovery of the large developed economies, high and growing margins and a vast buyer of equities – the companies themselves - issuing debt to buy back shares. These elements have all contributed to stronger earnings growth than was available elsewhere. In addition, global investors have been willing to attribute higher valuations to capture these earnings, further boosting share prices. 

Read More

Emerging Markets Viewpoints - May

08 May 2017

Latest Emerging Market Viewpoints
From Matt Linsey and the North of South Capital team

Despite ranking number one for minority shareholder investor protection by the World Bank, the Hong Kong exchange remains something of a lottery when it comes to Mainland Chinese listed companies.

Over the past few years there have been numerous scandals ranging from minor accounting infractions to outright frauds. Companies as diverse as China Forestry, Hanergy and China Metal Recycling have been delisted as a result, leaving investors with substantial losses. 

Read More

Multi-Asset Blog - Choppy markets after flat calm

21 April 2017

Will Bartleet, CIO and Portfolio Manager of Pacific Multi-Asset
Choppy markets after flat calm

After months of plain sailing in markets, a squall has buffeted markets over the last month. Global equities when measured in Sterling have fallen 4.5% from peak to trough. In the US, equity markets had gone 110 days without falling 1%; they typically fall that much every 11 days. That run inevitably came to an end in March. 

Read More

Emerging Markets Viewpoints - April

10 April 2017

Latest Emerging Market Viewpoints
From Matt Linsey and the North of South Capital team

We have noticed two key trends in our asset class that while supportive of prices over the near term, could represent a significant risk in the future. 

Read More

Active Management in 'trough of disillusionment'

27 March 2017

Read the recent Investment Week article with Matthew Lamb, CEO of PAM explaining how many active fund management firms will be forced to close, as the industry comes under renewed pressure from clients and regulators to reduce costs and improve efficiencies.

By Tom Eckett (Investment Week) - 27 March 2017  

Read More

Multi-Asset Blog - The Fed raises rates

16 March 2017

Will Bartleet, CIO and Portfolio Manager of Pacific Multi-Asset
Surprise! The Fed raises rates expected

Just three years ago, the Federal Reserve predicted that by March 2017, interest rates in the United State would have been hiked 11 times and stand at 3%. The reality has been just 3 rate rises to 1%. Disappointing growth and subdued inflation has dissuaded the committee from increasing rates at a faster pace.  

Read More

The Gold Standard

01 March 2017

Read the recent International Adviser article with Matthew Lamb, CEO of PAM explaining how Pacific are bringing institutional efficiencies to retail clients.

By Mark Battersby (International Adviser) - February 2017  

Read More

Asset managers must 'innovate and industrialise'

28 February 2017

Read the recent International Adviser article with Matthew Lamb, CEO of PAM explaining why the asset management industry is facing an innovation dilemma.
By Kirsten Hastings (International Adviser) - 13th January 2017   

Read More