Air Date July 7, 2026

Aristotle Pacific’s Jeffrey Klingelhofer, CFA, joined host Dave Keller, CMT, on the “Market Misbehavior” podcast to discuss the Federal Reserve’s evolving policy framework, interest rates, fixed income investing and the macroeconomic forces shaping financial markets.

Watch the full interview below.

Click Here

Jeff Klingelhofer
Managing Director, Portfolio Manager

About Aristotle Pacific
Aristotle Pacific Capital is a Newport Beach, Calif.-based registered investment adviser that actively invests in credit securities on the basis of fundamental credit analysis with the objective of identifying and realizing relative value. The firm manages credit strategies across floating-rate loans, CLOs, multi-sector, high-yield, investment-grade, and short-duration bonds.

Learn More About Aristotle Pacific

Air Date July 6, 2026

Aristotle Pacific’s Jeffrey Klingelhofer, CFA, joined Jack Forehand and Justin Carbonneau live on the “Excess Returns” podcast to discuss the current macroeconomic landscape, including inflation, Federal Reserve policy, AI-driven capital investment, fixed income markets, and the factors shaping today’s investment environment.  

Watch the full interview below.

Click Here

Jeff Klingelhofer
Managing Director, Portfolio Manager

About Aristotle Pacific
Aristotle Pacific Capital is a Newport Beach, Calif.-based registered investment adviser that actively invests in credit securities on the basis of fundamental credit analysis with the objective of identifying and realizing relative value. The firm manages credit strategies across floating-rate loans, CLOs, multi-sector, high-yield, investment-grade, and short-duration bonds.

Learn More About Aristotle Pacific

In a market increasingly shaped by AI exuberance, narrow leadership, and macroeconomic uncertainty, we remain focused on durable-quality businesses whose fundamentals may be underappreciated. We believe today’s dislocation creates a compelling opportunity for patient, disciplined investors.

To read the full piece, please use the link below. 

Recent headwinds to Value Equity have reflected multiple expansion within a narrowly led benchmark, while portfolio fundamentals remain strong. We believe this creates a compelling opportunity.

To read the full piece, please use the link below. 

Executive Summary

Historic capital raise: Combined raise of $200B+ from three names vs. $45B for the entire US IPO market in 2025. Combined valuations approach $4T — the most consequential IPO cycle since the dot-com era.

Float drives weight, not valuations: All three debut with 3–15% float. Hypothetical combined initial S&P 500 weight is just ~0.5–1.8%. The real weight build occurs over 12–24 months as lock-up tranches expire — reaching an estimated 4.5–7% combined, larger than the entire energy sector.

Index rules are being rewritten: Nasdaq cut seasoning from 12 months to 15 days and eliminated its minimum float requirement. FTSE Russell cut to 5 days for IPOs above the Russell top 500 market cap breakpoint. S&P 500 eligibility requirements remain unchanged, making the Nasdaq-100 and Russell 1000 important near-term benchmarks for passive flow purposes.

Passive funds become forced buyers: $15–30B in mandatory buying at initial inclusion; $50–75B+ at full float. Passive funds execute on the index provider’s timetable without judgment on price. The S&P 500 top 10 already represents ~38–41% of market cap (above the dot-com peak of ~27%); three more AI mega-caps push concentration to unprecedented levels.

To read the full piece, please use the link below. 

Air Date June 11, 2026

Aristotle Pacific’s Jeffrey Klingelhofer, CFA, was live on Schwab Network’s “Market on Close” with Sam Vadas to discuss the key forces shaping today’s inflation outlook, from oil prices and geopolitical developments to labor market and wage trends. He also explores how evolving consumer behavior and corporate pricing decisions could influence employment, profit margins, and the Federal Reserve’s next policy moves.

Watch the full interview below.

Click Here

Jeff Klingelhofer
Managing Director, Portfolio Manager

About Aristotle Pacific
Aristotle Pacific Capital is a Newport Beach, Calif.-based registered investment adviser that actively invests in credit securities on the basis of fundamental credit analysis with the objective of identifying and realizing relative value. The firm manages credit strategies across floating-rate loans, CLOs, multi-sector, high-yield, investment-grade, and short-duration bonds.

Learn More About Aristotle Pacific