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Lue Xiong

Lue Xiong

Vice President, MSCI Research

Lue Xiong specializes in fixed-income and multi-asset-class factor research, focusing on risk modeling and factor research for fixed-income assets. He previously worked on strategic research at ICBC-AXA Life. Lue holds a master’s degree in financial engineering from the University of California, Berkeley, as well as a master’s in risk and stochastics from the London School of Economics and Political Science.

Research and Insights

Articles by Lue Xiong

    Cues from Public Markets for Private-Credit Distress

    2 mins read Quick Take | Dec 3, 2024 | Lue Xiong, Patrick Warren

    Could distress trends in leveraged loans offer a glimpse of future distress rates in private-credit senior loans? We chart the path for these loans, and private-credit mezzanine debt, since interest rates began to surge. 

    How Did Private-Equity Funds Deliver?

    6 mins read Blog | Oct 30, 2024 | Yang Liu, Lue Xiong

    Where does private-equity premium come from? Can private-equity performance be reproduced by leveraging up public-equity investments? What’s private equity’s outlook given that cheap borrowing is not expected to return in the foreseeable future? 

    Leverage in Private Equity: What Do We Know?

    5 mins read Blog | Sep 9, 2024 | Yang Liu, Lue Xiong

    Getting a read on leverage in private-equity portfolio companies is key for institutional investors who want to better understand risk and return drivers. We examined trends over the past decade, comparing buyout companies to public small caps. 

    What Drove Private-Credit Funds’ Outperformance?

    3 mins read Blog | Nov 9, 2022 | Lue Xiong, Andrew DeMond, Hamed Faquiryan

    When selecting private-credit funds, investors can often only consider broad strategies, due to the general opacity of the asset class. We draw on loan-level data and proprietary analytics to produce a more detailed picture of the direct-lending market. 

    A Factor-Based Approach to Munis in Turbulent Times

    5 mins read Blog | May 11, 2022 | Hamed Faquiryan, Lue Xiong

    Tracking municipal-bond benchmarks can mean evaluating hundreds of thousands of securities along many dimensions, such as credit ratings. We evaluate an alternative, factor-model-based approach.