Latest liquidity thinking
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From volatility to stability: Enhancing portfolio resilience in insurance investment
5 Aug 2026
Insurers have long navigated a distinctive set of investment challenges, what can they do to build portfolios resilient enough for today's volatile environment?
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The case for ReturnPlus: A capital-efficient enhanced liquidity strategy
29 Jul 2026
The ReturnPlus strategy invests in a broad range of liquidity sub-asset classes, while consuming limited regulatory capital. Our ReturnPlus team explores the potential benefits for investors.
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Blockchain: The quiet technology reshaping financial infrastructure
8 Jun 2026
Tokenisation is more than a technical novelty. Our simple guide explains how blockchain turns assets into digital tokens and examines the potential benefits and risks.
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Clarity and resilience: New guidance for European Money Market Funds
21 May 2026
New guidance on the rules governing European money market funds should strengthen the market’s foundations and provide a firm footing for innovation and growth, argues Alastair Sewell.
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More than a token gesture: Money market funds are going digital
12 Feb 2026
Owning and trading assets as digital tokens could transform markets, and money market funds are leading the charge. We explore what this means for investors.
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Looking beyond correlation: The limitations of a widely used financial metric
2 Feb 2026
Correlation is one of the most widely used statistical measures in modern finance. But investors looking for genuine portfolio diversification may wish to use it alongside other metrics as they look to mitigate risk.
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Liquidity outlook 2026: A happy new year
7 Jan 2026
Despite some headwinds, the liquidity team expects broadly supportive conditions in 2026. The new year could also see interesting developments in regulation and tokenisation.
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Bond Voyage: Bulk Purchase Annuity – a quiet market making loud moves
10 Nov 2025
This month’s Bond Voyage looks at the Bulk Purchase Annuity (BPA) market in the UK – the quiet market making loud moves.
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Bond Voyage: SHIELD: Refining downside protection in fixed income
9 Oct 2025
In this month’s Bond Voyage, we introduce SHIELD – the downside protection framework used by our fixed income division. SHIELD is designed to ensure our portfolios remain resilient in challenging market conditions while maintaining capital efficiency.
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Complementing cash: Optimising cash in a rate-cutting cycle
11 Jun 2025
As many central banks begin cutting interest rates, short-term bond strategies can offer a complement to cash holdings. Alastair Sewell explains.
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Bond Voyage: Up and down and around
4 Apr 2025
This month, our fixed income teams discuss the drivers behind emerging and developed market convergence, what the US hybrid boom has in store, the continued popularity of money-market funds, and the ups and downs of high yield.
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Bond Voyage: Ready, set, watch
10 Mar 2025
This month, our fixed income teams discuss the boom in hybrid issuance and weigh up the risks and opportunities of potential tariffs, interest rate moves and fiscal dynamics.
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