Active investment is where there's real opportunity and excitement: Man Group CEO Robyn Grew

Core Viewpoint - The current global market environment is characterized by volatility, dispersion, and opportunities for diversification, which are favorable for alternative investment firms [2][4]. Market Conditions - The equity market in the United States remains resilient, with ongoing strength despite concerns about pricing [4]. - There is a notable dispersion within the equity market, indicating the value of active investment strategies over passive ones [6]. Investment Opportunities - Active investment strategies are highlighted as having real opportunities, particularly in credit markets and private credit, which are uncorrelated to equity market performance [7][10]. - High yield and investment-grade credit markets present significant opportunities, especially as interest rates and inflationary pressures create new lending opportunities [7]. Company Performance - Despite the overall market conditions, the company's shares have declined by 22% over the past year, indicating challenges in aligning share price with market volatility [8]. - The company experienced a 40% drop in core profit in the first half of the year, attributed to the mix of assets and performance issues in certain hedge fund strategies [10]. Policy Impact - The volatility of U.S. policies has created challenges for market predictability, but there is a sense that markets are adapting to these changes [12][14]. - The resilience of U.S. equity markets suggests that they can absorb policy changes more readily, with historical performance during government shutdowns being relatively stable [14]. Economic Indicators - Concerns about inflation and potential recession are present among U.S. insurers, but current credit spreads do not indicate an impending recession [16]. - The resilience of the U.S. market is notable, with various factors, including AI investment, potentially influencing future performance [17].