Ben is one of the founding partners of TwentyFour Asset Management (TwentyFour) and currently serves as its CEO. Since 2015, he has been a member of TwentyFour’s Executive Committee, which has the overall responsibility for the day-to-day running of the firm, and also sits on the Board of Directors which sets the overall direction, strategy and management of TwentyFour. He is also a member of the Asset Allocation & ESG Committees. Prior to becoming CEO, Ben’s main responsibility was managing TwentyFour’s Asset-Backed Securities (ABS) business, having launched various funds and managed several institutional mandates. Ben has over 25 years of fixed income portfolio management experience, including 9 years at Citigroup Alternative Investments, where he was responsible for managing four vehicles that invested $100bn across ABS and credit.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

El almanaque del inversionista de Insigneo para 2024: navegando un mar de cambio - Definiendo el Rumbo a través de Cambios Políticos y Corrientes Geopolíticas - ¿Se Equivoca el Consenso Otra Vez? - Contexto Macroeconómico - Implicaciones de Mercado y Asignación de Activos - Excepcionalismo en Estados Unidos: ¿Durará? - El rendimiento pasado no es garantía de resultados futuros... ¿O sí?

Insigneo’s Investor’s Almanac for 2024: Navigating a Sea of Change - Charting the Course Through Policy Shifts and Geopolitical Currents - Is the Consensus Wrong Again? - Market Implications & Guidance - U.S. Exceptionalism: Will it Last? - Past Performance is Not a Guarantee of Future Results...or is it?

Listen to market and economic updates, from our CIO Office.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Brendan Ahern is the Chief Investment Officer at KraneShares. Brendan joined KraneShares in 2013. Brendan leads the firm’s research and education efforts and actively works with investors on a variety of subjects ranging from asset allocation to trading to articulating the growing influence that index providers hold in the asset management industry. Prior experience includes over ten years with Barclays Global Investors (subsequently BlackRock’s iShares), which he joined in 2001 during the rollout of their ETF business. His career has spanned a period of tremendous growth for ETFs, which has contributed to his profound knowledge of the ETF landscape.   Brendan is considered a preeminent expert in global financial markets with a particular focus on China. He is a frequent visitor to China and actively maintains daily contact with a deep local research network comprised of investment banks, brokers, and regional and boutique research firms. He produces a daily update called China Last Night (www.chinalastnight.com), which also appears as a column on Forbes.com. He is often sought after by leading business and financial outlets and regularly appears on CNBC and Bloomberg to discuss China’s capital markets. He is a frequent guest of Bloomberg Radio’s Daybreak Asia, and he is quoted in The Wall Street Journal and Investor’s Business Daily.   Brendan graduated from the College of the Holy Cross and has a Master of Science in Financial Analysis from the University of San Francisco.

Mr. Rubenstein is Co-Founder and Co-Chairman of the Board. He was elected to our Board of Directors effective July 18, 2011. Previously, Mr. Rubenstein served as Co-Chief Executive Officer of Carlyle. Prior to forming Carlyle in 1987, Mr. Rubenstein practiced law in Washington, D.C. with Shaw, Pittman, Potts & Trowbridge LLP (now Pillsbury Winthrop Shaw Pittman LLP). From 1977 to 1981, Mr. Rubenstein was Deputy Assistant to the President for Domestic Policy. From 1975 to 1976, he served as Chief Counsel to the U.S. Senate Judiciary Committee’s Subcommittee on Constitutional Amendments. From 1973 to 1975, Mr. Rubenstein practiced law in New York with Paul, Weiss, Rifkind, Wharton & Garrison LLP. Among other philanthropic endeavors, Mr. Rubenstein is Chairman of the Boards of the John F. Kennedy Center for the Performing Arts, the Council on Foreign Relations, the National Gallery of Art, the Economic Club of Washington, and the University of Chicago and serves on the Boards of Memorial Sloan-Kettering Cancer Center, Johns Hopkins Medicine, the Institute for Advanced Study, the National Constitution Center, the Brookings Institution, the Lincoln Center for the Performing Arts, the American Academy of Arts and Sciences, and the World Economic Forum. Mr. Rubenstein serves as a Fellow of the Harvard Corporation and as Chairman of the Harvard Global Advisory Council and the Madison Council of the Library of Congress. He is a member of the American Philosophical Society, Business Council, Board of Dean’s Advisors of the Business School at Harvard, Advisory Board of the School of Economics and Management at Tsinghua University, and Board of the World Economic Forum Global Shapers Community. Mr. Rubenstein is a magna cum laude graduate of Duke University, where he was elected Phi Beta Kappa. Following Duke, Mr. Rubenstein graduated from the University of Chicago Law School, where he was an editor of the Law Review.

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José Siaba Serrate Economist from Universidad de Buenos Aires and UCEMA. 2017 Konex Prize on Economic Analysis. Member of: Argentine Academy of Capital Markets Argentine Council of Foreign Relations (CARI) International Policy Institute of the Argentine Academy of Political and Moral Sciences Currently teaches at: Universidad de Buenos Aires Universidad del CEMA (UCEMA), Argentine Institute of Capital Markets (IAMC) Formerly taught at: National Foreign Service Institute (ISEN), Universidad de Belgrano, Universidad Torcuato Di Tella Regular columnist of: Ambito Financiero (Argentina´s leading financial daily), Diario Clarín (Argentina´s main circulation paper) Founder and CEO of: Estudio Siaba Serrate (Business Consultancy) Formerly General Manager of: Ambito Financiero.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Alona Gornick serves as a Managing Director, Senior Investment Strategist, and Co-Head of the Chicago Office for Churchill Asset Management. In her role, Alona provides meaningful investment insights across the private capital spectrum to the investment community, with a particular emphasis on the Private Wealth and Retail channel. Alona joined Churchill in 2017 as an Originator, developing relationships with leading private equity sponsors to source and structure high-quality deal flow for the platform. Prior to joining Churchill, Alona spent 14 years in various investment, capital markets and investor relations roles at leading organizations, including Nuveen (Churchill’s parent company), Golden Gate Capital, and Oaktree Capital Management. Alona earned her B.A. in Business Administration from the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill and her M.B.A. from The Wharton School at the University of Pennsylvania.

Joseph Mazzoli is a member of Barings’ Client Portfolio Management Team, responsible for the distribution and management of Barings’ Private Credit Direct Lending BDC franchise. Joseph has worked in the industry since 2012. Prior to joining the firm in 2022, he worked for Wells Fargo Securities’ Leveraged Finance Sales and Trading Group, where he worked as a Senior Investment Analyst covering loans and bonds in the Healthcare, Packaging, Real Estate, and DATS sectors. Before that, Joseph worked in the Equity Research Department of Wells Fargo Securities covering BDC’s and Private Credit. In a prior role at Wells Fargo Securities, Joseph worked on the Leveraged Loan Syndicate desk with a focus on structuring and underwriting syndicated loan transactions. He holds a B.S. in Business Administration from the College of Charleston and is a member of the CFA Institute. Barings has been named the 2nd most active lending to private equity sponsors in both North America and Europe consecutively over the past few years. The Barings Private Credit Corporation (BPCC) has been one of the best performing and highest yielding funds in the category with the lowest volatility and fee structure since inception.

Tom Harvey is a Senior Equity Specialist at Aberdeen. Tom focuses on the firm's equity strategies. Prior to joining the company in February 2013, he served as Vice President, Institutional Sales and Consultant Relations at Delaware Investments. In this role, he worked with institutional clients, prospects, and consultants in the eastern United States. Tom earned his bachelor's degree in history studies from Juniata College and an MBA with a concentration in finance from Philadelphia University. He is a CFA charterholder.

Listen to market and economic updates, from our CIO Office.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Andrew is a Senior Economist and a member of the First Trust Economics Team that Bloomberg has ranked as one of the top forecasters of the U.S. economy over the past several years. At First Trust, Andrew is responsible for analyzing economic indicators, writing economic commentaries, and producing articles on the First Trust Economics Blog. Andrew provides research and analysis to Chief Economist Brian Wesbury, Chief Market Strategist Bob Carey, and First Trust CEO Jim Bowen. Cogent’s 2017 Survey of Advisors rated First Trust’s thought leadership material as number one for most read and most shared by financial professionals with colleagues or clients. Andrew received an MBA from Northwestern University’s Kellogg Graduate School of Management and a BA in Business and Economics from Hope College.

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Brett Collins, CFA is an Executive Director and Client Portfolio Manager at NCRAM. He rejoined the firm in July 2021 and covers US, European, and Global High Yield, and Emerging Market Debt and Multi-Credit strategies. Prior to this role, Brett held a variety of positions at State Street Global Advisors, including Quantitative Equity Client Portfolio Manager and Chief Operating Officer of the firm's Investment Solutions Group. Brett also worked at NCRAM from 1996 to 2004 as an Analyst with the firm's Emerging Market Debt team. He holds an MBA in Finance and International Business from Columbia Business School and a B.S. in Finance/Investments from Babson College. He is a CFA charter holder and a member of the CFA Institute.

Alexander Wright is Partner, Global Wealth Strategist in the Client and Product Solutions group at Apollo. Previously, Alexander was the Co-Head of Yield Products and a portfolio manager for Apollo's closed end funds, CLOs, and private BDC. Prior to joining in 2011, he was with GSC Group where he served in a variety of different roles, most recently as Chief Administrative Officer, Chief Financial Officer, and Head of US Corporate Debt. Before that, Alexander was with IBJ Whitehall Bank & Trust Corporation and Chemical Banking Corporation. Alexander graduated from Rutgers College with a BA in Political Science and a minor in Economics and earned his MBA from Fordham University. Alexander serves on the Fordham University President's Council and the Alternative Investments Senior Advisory Board.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Chris Simard, Executive Director, is an Investment Specialist in the Infrastructure Investments Group. In this role, he is responsible for capital raising and advising clients for the firm’s infrastructure investment platform. Chris works with a variety of Institutions, with a specific focus on the United Kingdom, Northern Europe, the Middle East and the United States. Chris has spent the past 10 years working at J.P Morgan in both Asset Management and the Investment Bank. The fund is a diversified open-ended strategy that invests in private infrastructure equity and focuses on core assets where most of the return is cash yield. The IIF Team has over 15 years of operating experience, using scale, control positions and existing portfolio construction to reduce volatility and deliver stable cash yield. The fund has 26.8 billion in assets with 20 portfolio companies (783 assets).

Entre más cambian las cosas, más permanecen iguales ‣ ¿Esta vez realmente es diferente? ‣ Determinando el momento de la próxima recesión en Estados Unidos ‣ Implicaciones del mercado ‣ こんにちは (Kon’nichiwa), Japón! ‣ El problema taiwanés para China es estructural, no cíclico ‣ Mirando hacia las cruciales elecciones en EE. UU. de 2024 ‣ Evaluando el impacto económico y de mercado de la IA

The more things change, the more they stay the same ‣ Is this time really different? ‣ Timing the next US recession ‣ Market implications ‣ こんにちは (Kon’nichiwa), Japan! ‣ China’s Taiwan problem is structural, not cyclical ‣ Looking ahead to the seminal US 2024 election ‣ Gauging AI’s economic and market impact

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Jacques-Aurélien joined Edmond de Rothschild Asset Management in March 2009 as portfolio manager/analyst in the Global Equity team and has been the Lead Portfolio Manager of the EdR Big Data Fund since launch in August 2015. He is also the Equity Team global technology specialist. In 2019, he was appointed Co-Head of the Equity team. Jacques-Aurélien Marcireau is graduated from the Institut d’Etudes Politiques de Lille and holds a Master’s degree in Economy and Financial Analysis from the Université de Lille 2. He is also a CFA charterholder.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Our speaker series this week features the highly anticipated discussion with David Albrycht, CFA, the president and chief investment officer of Newfleet Asset Management, an affiliated manager of Virtus Investment Partners. Mr. Albrycht is the senior portfolio manager of several multi-sector fixed income strategies, some dating back to the early 1990s. In his role as CIO, Mr. Albrycht drives top-down strategy for Newfleet’s investment platform, which includes multi-sector and dedicated sector strategies for high yield and bank loans.  Mr. Albrycht earned a B.A., cum laude, from Central Connecticut State University and an M.B.A., with honors, from the University of Connecticut. He began his career in the investment industry in 1985. 

Benoit Anne is a managing director in the Investment Solutions Group at MFS. He is a lead strategist focused on Fixed Income Solutions and Markets Insights. He is based in London and joined MFS in 2021. Previously, Benoit was in charge of asset allocation and market strategy at Liberty Mutual Investments, as a managing director based in Boston. He was also the global head of EM Strategy at Société Générale and worked as senior director, head of EMEA Strategy at Merrill Lynch. He began his career in the 1990s in Washington, DC, where he served as an economist both at the Institute of International Finance and the International Monetary Fund. Benoit earned a bachelor's degree in Applied Economics from the University of Paris‐Dauphine. He later received an International Affairs diploma from Sciences Po Paris and a Master of Arts in International Economics from the University of Sussex.

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Macro Environment The peso The Fixed Income Market Nearshoring and the Equity Market

Entorno macroeconómico El Peso Mexicano El Mercado de Renta Fija Nearshoring y el mercado de Renta Variable

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

François holds a postgraduate degree from Paris Dauphine. François Collet began his career in 2003 at Natixis Asset Management as a bond fund manager. He managed Natexis Oblivariable and set up Natexis Euro Inflation. In 2006, François joined La Française as Deputy Head of bond portfolio management, and more precisely in charge of the inflation theme. He managed five bond strategies with total assets under management of €2.6bn, including the Euro Inflation Fund which was rated 5 stars by Morningstar and received a Lipper Fund award in 2013. In September 2017, François joined DNCA Finance. In addition, he was appointed Deputy CIO in January 2023.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Como es costumbre, a final de julio, el FMI publicó su actualización del World Economic Outlook, que sorprendió al mercado al presentar una perspectiva más optimista de lo esperado anteriormente, aunque aún mantuvo un tono de cautela. Revisemos los puntos principales del informe, los cambios en las proyecciones de crecimiento, y nuestro análisis del reporte.

As is customary, at the end of July, the IMF published its update to the World Economic Outlook, which surprisingly portrayed a rosier outlook than previously expected, but still retained a tone of caution. Let us revise the main points of the report, the changes to its growth forecast, and our take on the report.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Listen to market and economic updates, by our CIO Ahmed Riesgo.

Política e Inversiones: Las secuelas de la “marea rosa”. Cuando Lula ganó las elecciones presidenciales en octubre, se volvió una afirmación generalizada que América Latina se “había vuelto rosa”. Lo anterior, dado que la mayoría de los gobiernos de la región ahora eran de izquierda. La primera vez para algunos, un viejo conocido para otros – el sentimiento generalizado en el entorno de los inversionistas era el de una catástrofe inminente. Sin embargo, Latam ha sido una de las regiones con mejor comportamiento en lo corrido de los años, aunque todavía no está libre de riesgos. Acceda a la versión PDF Online gratis haciendo click aquí.

Politics and Investments: The aftermath of the “pink tide” . When Lula won the presidential elections last October, it was a general statement that Latin America had “turned pink.” This was underscored by the fact that left-leaning heads of state now controlled most governments in the region. A first for some, an old acquaintance for others – the overall feeling across the investment landscape was of impending doom. Still, Latam has been one of the best-performing regions year-to-date, but it is not out of the woods yet. Access to the full free PDF version here.