Global Perspectives

KKR Insights
Midyear Outlook: Five Distinct Macro Disconnects
BY HENRY H. MCVEY • Jun 25, 2015

Midyear Outlook: Five Distinct Macro Disconnects

While we certainly appreciate that generating outsized returns has gotten more complicated as the cycle has progressed, we still see five distinct macro “disconnects,” or arbitrages that we view as attractive for long-term patient capital. First, given ongoing financial services de-leveraging, we still view the current illiquidity premium that has emerged in many lending arenas as quite compelling. Second, in an environment where central banks are holding nominal interest rates below nomi....

BY HENRY H. MCVEY • May 14, 2015

Emerging Market Equities: The Case for Selectivity Remains

While the recent downturn in both valuations and return on equity might suggest that now is the time to begin buying public emerging market equities ....

BY HENRY H. MCVEY • Feb 24, 2015

China’s Rebalancing Effort: Will It Be Enough?

Over the past 10 years, China has been the fastest growing major economy in the world.  It has also had among the worst stock market returns a....

BY HENRY H. MCVEY • Jan 08, 2015

Getting Closer to Home

While the general backdrop for risk assets remains favorable, we are no longer advising folks to “Stay the Course” as we did in our January 201....

BY JOHANNES P. HUTH, Tomáš Kubica • Nov 02, 2014

Unlocking the World for Central and Eastern European Champions

Twenty five years after the fall of the Berlin Wall, the broader Central and Eastern Europe (CEE region) is once again a flashpoint of global geopo....

BY HENRY H. MCVEY • Sep 15, 2014

Investment Implications of an Asynchronous Global Recovery

Unlike past recoveries over the last 20 years, we see the current one as highly asynchronous. Central to our thesis, we believe, is a unique set of ma....

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