Real Estate Pulse
On the Upswing, Despite Wobbles
Identifying the bottom or near-bottom of the property pricing cycle and acting on it is the holy grail sought by commercial real estate investors. Second quarter data for the US NCREIF National Property Index is feeding hope that a bottom is in sight.
About us
LGIM America exists to help people achieve their long-term financial goals and to make a difference in their lives, industries and communities. As a Chicago-based registered investment advisor with $231.9 billion in assets under management as of September 30, 2024, we are proud of our commitment to partner with clients. We specialize in the design and management of investment solutions for the US institutional market that address three primary concerns: stabilizing pensions, income for life and sustainable solutions.
Our capabilities
Insights
Never Mind the Ballots
After a summer where it has been anything but politics as usual in the US, the race for the White House is back to being a veritable coin flip. At a high level, risk markets have seemingly yet to take much notice of the preelection gyrations, although there are signs of sector rotations and reflation trades beneath the surface.
Will a Labor Market in Motion Stay in Motion?
Investors rely on real-time or lagging measures of economic strength, such as the labor market. This makes judging any growth slowdown more challenging and may leave investors and the Fed behind the curve. From a labor market perspective, some may find it hard to believe that trouble could be brewing.
The Liquidity Advantage of IG Private Credit
The perception of illiquidity in IG private credit is driven by the extreme demand from long-term buy and hold investors and most limitations on liquidity stem from bondholders lacking an interest in selling—stated simply, it is easy to sell but very difficult to buy.
News and media
Ryan Raymond Spotlighted in The TRADE’s Q3 Magazine
The TRADE’s Q3 Magazine offers in depth features exploring the developing emerging markets landscape, artificial intelligence, the impact of the new Treasury clearing rules in the US, the prime brokerage landscape, and the role of technology in the shifting relationship between the buy- and sell-side.
2023 CIO Industry Innovation Award - Public Fixed Income
CIO has selected LGIM America as the 2023 Industry Innovation Award winner for Public Fixed Income. The CIO awards centered on allocators driving change and enhancing institutional fund performance and the service providers driving innovation in institutional investing.1
Crain’s People on the Move features Felipe Telles, CFA
Crain's Chicago Business featured LGIM America’s Felipe Telles, CFA, Senior Portfolio Manager, in its latest People on the Move publication. In his role, he works as part of the Portfolio Management team to invest client portfolios consistent with LGIM America’s investment strategy views.
Investment stewardship
Climate Change – Inaction Is Not an Option
This paper makes the case that the greatest climate impact – and potentially also some of the greatest returns – can be sought by investing in those companies with high emissions or whose products have the greatest impact on other companies’ emissions. Central to this approach is pro-active and profound company engagement; we believe in encouraging the companies to pull the levers necessary to target improved aggregate climate outcomes. The goal is to allocate more capital to drive the business opportunities the transition creates, while simultaneously driving down emissions over time.
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1. Chief Investment Officer, 2023 Asset Management & Service Providers survey. Nominees are anonymously submitted by their peers across the industry. Finalists and winners are chosen from the nominee pool by the CIO editorial team in conjunction with an advisory board of former and current CIOS. LGIMA did not compensate CIO for its award. https://www.ai-cio.com/news/cio-announces-2023-industry-innovation-award-winners. This award does not imply that LGIMA will or has been successful in its product offerings or services.
2. P&I listed LGIMA as one of the “Best Places to Work in Money Management” for 100-499 employees. LGIMA did not compensate Pension & Investments for this award. More detailed information regarding the survey methodology and tabulation of results can be found at: https://lnkd.in/esgadGYu.
This material is intended to provide only general educational information and market commentary. Views and opinions expressed herein are as of the date set forth above and may change based on market and other conditions. The material may not be reproduced or distributed. The material is for informational purposes only and is not intended as a solicitation to buy or sell any securities or other financial instrument or to provide any investment advice or service. Legal & General Investment Management America, Inc. does not guarantee the timeliness, sequence, accuracy or completeness of information included. Past performance should not be taken as an indication or guarantee of future performance and no representation, express or implied, is made regarding future performance.
Certain of the information contained herein represents or is based on forward-looking statements or information, including descriptions of anticipated market changes and expectations of future activity. Forward-looking statements and information are inherently uncertain and actual events or results may differ from those projected. Therefore, undue reliance should not be placed on such forward-looking statements and information. There is no guarantee that LGIM America's investment or risk management processes will be successful.