Head of Diversified Alternative Equity, Mina Nazemi, shares three opportunities that she and the team currently see in private equity and real assets, including: emerging managers, continuation vehicles and "real assets 2.0." Episode Segments: (01:40) – 3 themes to watch – the denominator effect, valuations & inflation (08:53) – Opportunity #1: Emerging Managers – what history tells about emerging, women & diverse managers (17:41) – Opportunity #2: Continuation Vehicles – understanding t...
Jun 15, 2023•32 min•Season 8Ep. 8
Head of Capital Solutions, Bryan High, sat down with Zayd Hamman, Chairman of Coastal Marinas to discuss how the management team has built an impressive platform for owning and operating marinas in Charleston, SC, and how Barings has partnered with them along the way. Episode Segments: (02:02) – Zayd Hammam’s background in special situations investing (04:56) – The skillset needed to invest in bespoke opportunities (06:40) – The multi-decade opportunity in owning & operating marinas (08:12) ...
May 30, 2023•30 min•Season 8Ep. 7
Head of Public Fixed Income, Martin Horne discusses the current opportunities and risks in public fixed income markets and compares today's macro backdrop with those faced in prior economic slowdowns. Episode Segments: (01:15) - How corporate fundamentals look from the bottom up (07:19) - How the banking crisis is impacting fixed income markets (12:53) - Sectors that look vulnerable in a recession (16:15) - Are sell-side default forecasts too pessimistic? (19:37) - The potential impact of credit...
May 03, 2023•35 min•Season 8Ep. 6
Head of Private Multi-Asset Investing, John McNichols describes how the recent banking crisis is impacting private markets and discusses where he and the Barings team are seeing private market opportunities in areas like construction loans and European direct lending. Episode Segments: (2:11) – John’s role at Barings and the investment universe he focuses on (4:00) – Sizing up the impact of the banking crisis & why Europe looks well-positioned (10:38) – The current opportunity in U.S. constr...
Apr 12, 2023•32 min•Season 8Ep. 5
In the first episode of our new Investing Together series, Mercer's Global Head of Private Debt, David Scopelliti joins Barings' David Mihalick to discuss the evolution of private credit, including how this market developed, what conditions are like today, and where we go next. Episode Segments: (02:00) – David’s career path and role at Mercer (05:23) – How private debt markets have evolved over 30+ years (07:59) – The “five P’s” of manager selection (10:23) – Achieving diversification in privat...
Mar 01, 2023•36 min•Season 8Ep. 3
Head of Real Estate Debt Portfolio Management, Nasir Alamgir, provides an overview of the factors—both positive and negative—shaping the outlook for commercial real estate debt. Episode Segments: (01:00) - The current landscape for real estate debt (04:41) - Sizing up transaction activity (06:40) - The coming reckoning in private asset valuations (08:43) - How a monetary policy pivot could impact the outlook (10:56) - The attraction of core-plus and opportunistic risk profiles (12:09) - The tail...
Feb 08, 2023•31 min•Season 8Ep. 2
Ricardo Adrogue, Head of Global Sovereign Debt and Currencies discusses the Barings' team's increasingly positive view on the outlook for emerging markets debt. Episode Segments: (02:21) - Reasons to be optimistic about EM Debt in 2023 (04:28) - The tug of war shaping global economic growth (07:15) - A multi-speed global economy in 2023 (08:40) - Why inflation may fall faster than expected (14:40) - The EM rate picture and a potentially weaker dollar (18:49) - The outlook for credit vs. rates (2...
Jan 25, 2023•40 min•Season 8Ep. 1
Barings experts in the U.S. and Europe discuss the risks and opportunities for commercial real estate debt and equity heading into 2023. Episode Segments: (02:35) – Introductions (03:35) – What’s keeping us up at night in real estate markets? (10:40) – “Hot” markets that may be at risk: Logistics, Residential, Life Science (20:20) – Is it a better time for Core, Value-Add, or Opportunistic? (30:37) – The current attraction of real estate debt (37:34) – Recent deals that the Barings teams in the ...
Dec 06, 2022•1 hr 1 min•Season 7Ep. 7
As the global economy has slowed, investor interest in distressed debt strategies has risen. But the distressed market isn't what it used to be. Bryan High discusses how structural changes in that space and others have led to an entirely new landscape for opportunistic capital. Episode Segments: (02:43) – The traditional distressed debt opportunity and how it’s changed (05:26) – The factors driving structural change in a competitive environment (07:44) – Where defaults may go from here (10:15) –...
Nov 09, 2022•35 min•Season 7Ep. 5
As negative headlines come fast and furious, commercial real estate investors are faced with a question: Is now a time to get defensive, be opportunistic, or prepare for the worst? Learn why Co-Head of U.S. Real Estate, John Ockerbloom says the answer is 'yes' - all of the above. Episode Segments: (02:33) - Do market conditions on the ground match the negative headlines? (05:07) - A market still in price discovery mode (08:19) - The inherent defensiveness of real estate debt (12:11) - Where oppo...
Oct 05, 2022•40 min•Season 7Ep. 3
Could the market be wrong on inflation? Is China more of a drag on the global economy than commonly perceived? And how can investors navigate this extremely difficult macro backdrop? Ricardo Adrogue answers these questions and more in the latest episode of Streaming Income. Episode Segments: (01:45) - The three major headwinds facing emerging markets (04:09) - How the market could be wrong on inflation (11:02) - Managing portfolios through macro uncertainty (14:16) - The strong USD, and currenci...
Sep 21, 2022•36 min•Season 7Ep. 2
Investors are back at their desks and volatility has returned with them. How can they navigate an environment characterized by rising rates and decades-high inflation? Scott Roth and Adrienne Butler answer this question and more in the latest episode of Streaming Income. Episode Segments: (01:10) - What's been surprising about the recent bout of volatility (03:32) - What the biggest challenge in managing HY portfolios has been this year (06:10) - How inflation in impacting high yield issuers (08...
Sep 07, 2022•37 min•Season 7Ep. 1
Mina Pacheco Nazemi joined the Streaming Income podcast to discuss where she and the Barings team are seeing the most compelling opportunities in private equity - including among emerging managers, women & diverse managers, and in unique structures like continuation vehicles. Episode Segments: 03:15 - The big trends driving today's private equity market 06:48 - How private equity is positioned against inflation and rising rates 08:57 - The case for emerging managers in today's environment 13...
Jun 22, 2022•35 min•Season 6Ep. 10
Ben Pile, Head of European Residential Investing & Asset Management discusses the factors driving increased investor interest in UK and European residential real estate—from diversification and income generation to potential inflation protection. Episode Segments: 02:35 - Sizing up the residential real estate market opportunity 05:43 - How institutional investing has developed in this market 07:51 - The factors driving increased investment in residential real estate 10:08 - The opportunity t...
Jun 22, 2022•24 min•Season 6Ep. 9
Co-Head of Structured Credit, Melissa Ricco discusses the current state of the collateralized loan obligation (CLO) market. She provides insight into the year-to-date performance of the asset class, the current credit quality picture, and what risks the team is monitoring. Episode Segments 02:55 - How CLOs have weathered this year's market volatility 04:20 - What can be learned from past periods of market stress 08:51 - Today's credit quality picture vs. the early-pandemic period 11:37 - Underst...
May 04, 2022•22 min•Season 6Ep. 7
Head of Private Multi-Strategy Investing, John McNichols discusses how private asset portfolios can be constructed to help investors achieve diversification and manage risks from inflation and rising rates to geopolitical conflict. Episode Segments 05:45 - Ways to achieve diversification in private asset portfolios 09:33 - How the macro environment has impacted the illiquidity premium 12:15 - Assessing the default picture 16:15 - Private asset solutions to the inflation conundrum 18:09 - Relativ...
Apr 20, 2022•41 min•Season 6Ep. 6
Head of Global Resources, Clive Burstow describes the massive structural investment needed in the years ahead to transition to an energy grid powered by renewables. He weighs in on the roles new technologies, geopolitical conflict, and inflation will play along the way. Episode segments: 03:50 - Understanding the magnitude of the energy transition ahead 05:51 - The resource intensity of building a renewable-energy-based power grid 07:50 - The technologies powering the transition 15:28 - Energy s...
Mar 22, 2022•30 min•Season 6Ep. 5
Barings Chairman & CEO, Mike Freno, discusses opportunities and challenges ahead for the asset management industry including what's next on the ESG and DE&I fronts, why private assets may continue to grow, and how investments in technology are critical for long-term success. Episode segments: 02:45 — What's surprised Mike the most 15 months into his role as Chairman & CEO 06:02 — The evolution of asset manager partnerships with institutional investors 08:22 — How the ESG landscape ma...
Mar 08, 2022•24 min•Season 6Ep. 4
How can fixed income investors navigate a backdrop of rising rates and high inflation? Head of Public Fixed Income, Martin Horne, compares today's market with past cycles and discusses ways to potentially mitigate risk including short duration strategies and floating-rate assets. Episode segments: 02:34 — The macro backdrop for fixed income markets 09:24 — Are higher rates and inflation already priced in? 14:34 — Assessing the fundamental strength of credit issuers 19:19 — Strategies for navigat...
Feb 16, 2022•31 min•Season 6Ep. 3
Insurance investors are increasingly turning to real estate debt and equity investments to generate income and to combat the impact of inflation. Ann Bryant and John Ockerbloom discuss the factors that insurance investors need to consider when allocating to the asset class. Episode segments: 02:25 — The fundamental backdrop for real estate markets 06:10 — The role of real estate in insurance portfolios 08:40 — How insurance investors access the asset class 11:17 — When to sell real estate invest...
Feb 08, 2022•39 min•Season 6Ep. 2
What lies ahead for EM debt markets in 2022? Risks include higher rates and inflation as well as uncertainties surrounding China and the path of the pandemic. But with defaults still low and spreads wide by historical standards, opportunities look likely to arise. Episode segments: 02:17 - What drove EM debt markets in 2021 05:16 - The state of the pandemic in EMs 07:03 - China's impact on the EM growth picture 13:25 - Where the value lies today 19:20 - The default picture and EM vs DM spreads 2...
Jan 20, 2022•31 min•Season 6Ep. 1
Portfolio manager, Rory Allan, joins Streaming Income to discuss the health of European real estate markets today, where the team is currently seeing--and creating--the most value, and how ESG considerations are continuing to change the investment landscape. Episode Segments: 02:55 — Barings Real Estate's investment and ESG philosophies 07:23 — Assessing the fundamental health of today's market 12:33 — The structural growth outlook for logistics assets 18:23 — Opportunities in multifamily and st...
Oct 06, 2021•37 min•Season 5Ep. 4
Barings’ David Mihalick and Chris Sawyer assess the health of the global high yield bond and loan markets against a backdrop of COVID uncertainty, potentially higher rates and an ever-increasing focus on ESG. Episode Segments: 04:45 — How healthy are U.S. and European high yield issuers? 12:30 — The latest on COVID-impacted sectors 17:06 — Preparing for potentially higher interest rates 24:25 — Pockets of value across the credit spectrum 29:50 — Is the focus on ESG in high yield working? 35:22 —...
Sep 08, 2021•39 min•Season 5Ep. 2
Omotunde Lawal, Head of EM Corporate Debt, sheds light on China’s recent regulatory crackdowns on industries ranging from technology to education to property, and explains the risks and opportunities these actions may present for fixed income investors. Episode Segments: 02:50 — The scope of China's recent regulatory crackdowns 13:25 — The motivations behind the changes 16:53 — China's corporate debt market in perspective 20:29 — Sectors that may be vulnerable 23:17 — A buying opportunity? 28:15...
Aug 05, 2021•34 min•Season 4Ep. 12
Ricardo Adrogue and Kawtar Ed-Dahmani see room for positive economic surprises in emerging markets despite concerns from COVID to higher interest rates to inflation. They explain why ESG factors are so critical to sustaining long-term growth and performance in these markets. Episode Segments: 04:13 — What's driven EMD markets so far this year 10:30 — Analyzing the impact of the pandemic on EMs 16:33 — Why economic growth may surprise to the upside 26:06 — The role ESG factors play in sustainable...
Jun 09, 2021•46 min•Season 4Ep. 10
High yield portfolio manager, Gareth Hall, provides insight into three ESG challenges facing high yield managers today—from influencing company behavior as debt holders, to measuring carbon emissions and advocating for their reduction, to solving for data limitations. Episode Segments: 04:04 — Gareth's background and role at Barings 06:30 — How fixed income investors can influence company behavior 14:42 — Calculating carbon emissions and advocating for their reduction 21:48 — Solving for ESG dat...
May 19, 2021•32 min•Season 4Ep. 9
Co-Heads of Structured Credit, Melissa Ricco and Taryn Leonard provide insight into last year’s ‘rollercoaster ride’ in CLOs, and explain why both fundamental and technical factors appear to be aligning to create a strong backdrop for the asset class moving forward. Episode Segments: 03:20 — How CLOs weathered the 2020 pandemic volatility 05:34 — Managing CLO portfolios through the COVID period 08:52 — The outlook for structured credit heading into 2021 11:34 — Where we are today on default and ...
Apr 21, 2021•36 min•Season 4Ep. 7
The Life Sciences real estate market is growing rapidly with investor and tenant interest reaching new highs. Barings Real Estate’s Joe Gorin and Nasir Alamgir explain what’s driving this—from both equity and debt perspectives—and weigh in on where the market may go from here. Episode Segments 04:17 — What's driving tenant and investor demand for Life Sciences 06:45 — Identifying current and future Life Sciences hot spots 10:02 — How COVID-19 has impacted demand for space 12:56 — Finding value u...
Mar 17, 2021•41 min•Season 4Ep. 5
Barings’ Stuart Mathieson and Bryan High provide insight into today’s distressed debt market, including their expectations for defaults, an overview of the competitive landscape, and where the next opportunities may emerge across the U.S. and Europe. Episode Segments: 5:50 – Flattening the default curve 8:02 – Relative value between the U.S. and Europe 15:10 – Competition and putting capital to work 20:15 – Leveraging the broader Barings’ platform to source and price transactions 22:58 – Control...
Feb 17, 2021•35 min•Season 4Ep. 3
Barings’ Cem Karacadag discusses the outlook for emerging markets debt, including the uneven impact of the pandemic, how rising interest rates and fluctuating currencies may influence the picture, and the increasing role that ESG is playing in identifying winners and losers. Episode Segments: 03:15 -- How the pandemic played out in EMs in 2020 05:45 -- Comparing EM and DM valuations 11:23 -- How the pandemic may impact EMs in 2021 16:15 -- Analyzing EM debt in a virtual world 18:22 -- How politi...
Jan 21, 2021•36 min•Season 4Ep. 1
