KKR's Henry McVey's Five Areas of Focus
New Mid-Year Report Discusses Global Macro Trends
"As we peer around the corner today on what tomorrow might bring, our work still leads us to forecast lower overall returns. However, against this backdrop we see attractive opportunities and therefore feel inspired to narrow our investment focus in a way in which we believe can help drive both absolute and relative outperformance."
In his latest report,
1. De-conglomeratization: Corporate spin-offs are creating ‘rightsizing' opportunities
2. Experiences over things
3. Emerging markets over developed markets
4. Fixed income illiquidity premium
5. Embracing dislocation
In addition to these investment themes, the report details specific macroeconomic influences that factor into the GMAA team's updated asset allocation model. McVey's outlook includes a conservative view on global inflation, margin expansion, interest rates, and oil prices in the near-term relative to the consensus.
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KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world‐class people, and driving growth and value creation at the asset level. KKR invests its own capital alongside its partners' capital and brings opportunities to others through its capital markets business. References to KKR's investments may include the activities of its sponsored funds. For additional information about
The views expressed herein are the personal views of Henry McVey of KKR and do not necessarily reflect the views of KKR. This information is not research and should not be treated as research. It does not represent valuation judgments with respect to any financial instrument, issuer, security or sector that may be described or referenced herein and does not represent a formal or official view of KKR. It is being provided merely to provide a framework to assist in the implementation of an investor's own analysis and an investor's own views on the topic discussed herein. There can be no assurance that an investment strategy will be successful. Historic market trends are not reliable indicators of actual future market behavior or future performance of any particular investment which may differ materially, and should not be relied upon as such. This information should not be viewed as a current or past recommendation or a solicitation of an offer to buy or sell any securities or to adopt any investment strategy. References to a target portfolio and allocations are hypothetical allocation of assets and not reflect an actual portfolio. The views expressed herein and discussion of any target portfolio or allocations may not be reflected in the strategies and products that KKR offers or invests, including strategies and products to which
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