Investment Outlook 2026: Market GPS – Janus Henderson Investors – 12.5.25

Summary:

Where are markets headed in 2026? Which asset class areas are positioned to benefit, and which could struggle? What are the implications for portfolio positioning?

Register now for our Market GPS investment outlook webcast to hear our asset class heads share insights on key considerations for navigating markets and investing for a brighter future.

Accepted for 1 CFP / IWI / CFA CE Credit

Speakers:

Marc Pinto is Head of Americas Equities at Janus Henderson Investors. He is responsible for leading equity portfolio management and research teams in the US. He is also a member of the Janus Henderson Executive Committee. Marc rejoined the firm in 2023 after having retired in 2021. During this time, he co-founded a private equity firm. Previously, he was a portfolio manager from 1997 to 2021 and joined the firm as a research analyst in 1994. Before this, he was an associate in the investment banking division at Goldman Sachs and a research associate at Fred Alger Management.

Marc received a Bachelor of Arts degree in history from Yale University and an MBA from Harvard Business School, graduating with distinction. He holds the Chartered Financial Analyst designation and has 42 years of financial industry experience.

Adam Hetts is Global Head of Multi-Asset and a Portfolio Manager, leading the Multi-Asset investing and Portfolio Construction & Strategy Teams at Janus Henderson Investors. The Multi-Asset Team delivers a global asset allocation suite encompassing strategic asset allocation, tactical tilts, and manager implementation products and services. Portfolio Construction & Strategy strategists support clients in consuming macro and market information into actionable, customized asset allocation solutions. These teams are part of the firm’s Solutions Group, which constructs multi-asset solutions for clients’ complex investment objectives. Adam is frequently featured in financial news including CNBC, Bloomberg, the Wall Street Journal, and other outlets. Before joining the firm in 2017, he held various roles at Goldman Sachs, most recently as senior portfolio strategist, and previously with Goldman Sachs Principal Strategies, a proprietary hedge fund. Earlier, he was a consultant with The Law and Economic Consulting Group.

Adam earned his Bachelor of Science degree in finance from Pennsylvania State University. He holds the Chartered Financial Analyst designation and has 20 years of financial industry experience.

Alex Veroude is Head of Fixed Income at Janus Henderson Investors, a position he has held since 2025. In this role, he oversees global fixed income products and investment teams. Additionally, he is a member of the Janus Henderson Executive Committee. Prior to joining the firm, Alex was with Insight Investment from 2007, holding several fixed income leadership roles, most recently as CIO, fixed income. Before this, he spent nine years with Gulf International Bank (formerly Saudi International Bank), running proprietary investment and credit activities. He began his career as a trainee with JP Morgan in 1997.

Alex received a first-class MSc degree in quantitative economics from Tilburg University, graduating cum laude. He holds the Chartered Financial Analyst designation, speaks five languages at business level proficiency, and has 28 years of financial industry experience.

Lara Castleton is US Head of Portfolio Construction and Strategy (PCS) at Janus Henderson Investors, a position she has held since 2023. In this role, she works to extend institutional and intermediary client engagement models to clients across the US. Lara joined the PCS team in 2019 as a portfolio strategist and was promoted to senior portfolio strategist in 2021. Lara joined the firm as a senior internal sales consultant for all Janus Henderson-related products and the Knowledge Labs® curriculum in 2016. Earlier in her career, she was an investment banking associate at Wells Fargo Securities and Piper Jaffray in Denver.

Lara received her Bachelor of Arts degree in mathematics from Boston College, graduating magna cum laude. She holds the Chartered Financial Analyst designation and has 12 years of financial industry experience.