Turkey: Two Steps Forward...  (PREI, May 2008) The report notes that foreign direct real estate investment in Turkey has increased dramatically in recent years. While investors should not underestimate the formidable risks that still exist in Turkey, the country's young, expanding and largely pro-Western population, dynamic economy and market-based reforms make a compelling case for real estate investment over the next decade.

Where is the Tail? Why Short-Selling Makes Sense in Fixed Income, (Fixed Income, Vol. II, April 2007) Our series of “short” papers examine a range of investment concepts used in long-short strategies in fixed income portfolios. In this second paper of the series, we look at why short-selling makes sense in fixed income portfolios.

Emerging Markets: The Engine That Will Power The Global Economy In Coming Years, (Fixed Income, January 2007) Over the last decade, many emerging market countries have been quietly reshaping their economies in ways that suggest they could become the next global economic powerhouses.

The Value of Short Selling: Lifting the Long-Only Constraint, (Fixed Income, Vol. I, December 2006) Short-selling as an investment strategy has received renewed investor attention over the past 18 months. One of the reasons has been the surge of new "portable alpha" and other long-short strategies that include short-selling as one of their approaches.

Investing in Emerging Markets Debt: Myths, Legends, and Facts, (Fixed Income, October 2006) Old myths die hard, but in the case of emerging markets debt, the two major myths that have influenced some investors' perceptions about this asset class -- that the risk is too high and the reward too low -- are not justified.

Leveraged Loans: Capturing Investor Attention (Fixed Income, July 2006) Bank loans, also known as leveraged loans, is a fixed income sector receiving increased investor attention. Leveraged loans can hedge against rising interest rates, provide diversification, and historically have provided solid returns in a variety of market environments. This paper examines leveraged loans in detail and discusses their usefulness in fixed income portfolios.