Insights

Improving participant outcomes means going beyond the retirement plan.

Investors have been preparing for potential rate cuts by the Federal Reserve and other major central banks by buying up investment grade (IG) and high-yield (HY) credit to lock in elevated yields.

Recent liquidity events related to portfolio companies in which PIF invests through its private equity holdings.

Securitized credit isn’t complicated. It’s an investment involving predictable consumer behaviors that have fueled economic growth for generations.

While the Fed wants to cut rates, an uneven decline in inflation delays action—but remember the trend matters more than the “when.”

Not all college stars successfully transition to the pros, just like not all small companies grow. How should NFL teams and small cap managers approach their selections to increase the odds of winning?

highlights from the week of April 12 – April 18, 2024

External forces drove markets and led to higher volatility across commodities and equities.

Back in January, Blackstone said that real estate values were bottoming and that they expected deal activity to pick up in 2024. True to its word, Blackstone recently announced a $10 billion deal to take Apartment Income REIT (NYSE: AIRC) private. In addition, Blackstone Real Estate Income Trust (or BREIT) saw its share buyback request decline for March—down 17% from February and a whopping 85% from a year earlier, although redemption levels remain elevated.

After a decade of lagging growth stocks, value investing is seeing a resurgence. But as traditional value metrics used for a century have struggled to remain relevant, we recognize that successful value investors must evolve with the changing market environment. It’s time to reassess how to take advantage of this opportunity through a new lens.