Vista
Welcome to Vista, LCP’s online investment magazine, where we explore future-focused and innovative investment topics for institutional investors.
At a time of evolving markets and changing priorities, investors are bound to ask what now for markets and economies.
In this edition of Vista we give you two investment ideas. We also provide a thought piece on the UK economy – the subject of much recent discussion.
Please join us as we consider:
- Microfinance, an asset class providing both attractive returns and social impact.
- Secondary private assets, and the opportunities available as existing investors in private markets look for liquidity.
- Does success for the UK equity market mean success for the UK economy?
We hope you enjoy reading this edition as much as we have enjoyed curating it.
Microfinance: an opportunity to invest for impact and financial returns
This article explores how microfinance supports financial inclusion while delivering stable risk-adjusted returns - and why common concerns around risk and emerging market exposure may be overstated.
Private equity secondaries: from a liquidity solution to a core allocation
As exits in private markets have slowed and fund lives have stretched, secondaries are shifting from a specialist liquidity tool to a mainstream institutional allocation. This article explains why secondaries matter now and how to access them.
Does the disconnect between the UK economy and the UK equity market matter?
This article analyses the case for allocating to the UK equity market, and examines why returns from UK equities may not be as correlated to the success of the UK economy itself as you would think.
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Explore previous Vista editions
Shifting tides
We consider three topics which are fundamental to investors - managing volatility, “risk-free” assets, and ensuring your assets are in line with the global drive towards net zero.
Gilt trip: a deep dive into the shifting dynamics of the gilt market
As the tide turns in the UK gilt market, traditional anchors like DB pension schemes are drifting away, leaving room for a new wave of yield-sensitive investors. This article explores how issuance, volatility, and investor dynamics are evolving — and what it means for market stability and strategy.
Net zero: are asset managers really walking the talk?
At its launch in 2020, NZAMI was met with widespread support from fund managers. Now, only a few years on, more managers are questioning the benefits of climate commitments. This article explores what a faltering NZAMI means for alignment, credibility and investor decision-making.
Tail risk hedging: protecting your portfolio in a storm
So far, 2025 has underscored the reality of tail risks – infrequent, high-impact events that can seriously dent portfolio performance in the short term. This article explores the impact of tail risk events on equity markets and introduces practical options for managing drawdown risk.
Moving forward from a challenging year
We explore three themes shaping the future of investment and society.
The new frontier - unveiling the rise of the space economy
Today, as we stand on the precipice of a New Frontier, the emerging Space Economy, we are witnessing the dawn of a modern odyssey much like the daring exploits of explorers’ past.
Regenerative agriculture: the super-strategy making dollars from dirt
Could regenerative agriculture help investors improve biodiversity and climate resilience while achieving attractive returns? Shyam Gharial provides us with an overview of this exciting asset class.
Investing in UK affordable housing
The UK housing market faces a severe shortage of affordable housing. Jenny Harbord shows how institutional investors can seek attractive risk-adjusted returns in helping to solve this challenge.
Investment Uncut
LCP's podcast about investing
Our hosts are joined by guests each week as they get beyond the jargon to try and bring sense to the world of investing and bring clarity to your investment decisions.
