All articles by Martin Steward – Page 10
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News
Martin Steward: Mayhem on Wall Street – and Main Street
As kids ran riot across England, traders nursed a one-month stock market loss of 15%.
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Features
Martin Steward: Mayhem on Wall Street – and Main Street
As the kids ran riot across England on 8 August, traders nursed a one-month stock market loss of 15%. I don’t suppose the rioters were thrown into panic by their Bloomberg screens, but this was a striking coincidence for long-term investors to ponder.
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Features
Surprise tactics
Martin Steward spoke with Paul Haines, CIO of Trafalgar House Pension Trust, about its break with tradition to launch a pioneering investment strategy
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Asset Class Reports
Emerging Market Debt: Going multi-asset
First it was equity, then bonds – and most recently investors have been exploring emerging market currencies. Martin Steward asks if it pays to bring the three together
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Interviews
Setting sail for calmer waters
By the time Jeremy Baskin took the helm of AXA Rosenberg, its previous CEO, Stéphane Prunet, had spent 13 months steering the widely-venerated quant house, with great steadfastness, through the worst storm ever to engulf it.
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News
Low yields forcing UK pension funds to revise LDI triggers, experts say
Move is sign of increasing concern that bond yields could remain low for some time.
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News
€29bn Ilmarinen retrenches to Finnish, German bonds
Finnish pension insurance company changes euro-zone sovereign fixed income strategy.
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News
Legal & General Investment Management launches flexible pooled LDI platform
Platform offers smaller pension schemes flexibility of bespoke structures used by larger schemes.
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News
Passive, active and other odious comparisons
Partisans of 'passive' or 'active' strategies could learn a thing or two from tennis.
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News
ING survey finds investors doubt ECB credibility, fear inflation
Yet respondents do not appear overly concerned about effects of commodity prices, wage increases.
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News
Markets respond to bank stress tests
Portuguese banks have borne the brunt of investors' ire in the bond markets.
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News
Investors underestimate ability of core Europe to pull through, says L&G
Warns that investors underestimating strength of Northern European economies.
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Special Report
Portfolio Construction: Convexity complexities
Buying absolute return or tail-risk insurance strategies complicates the portfolio rebalancing process. But Martin Steward finds that a solvency management framework can re-impose some objectivity on that process
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Features
Event horizons
Martin Steward finds an unusual corporate event cycle teeing up opportunities for event-driven hedge funds – but not necessarily classic merger arbitrage or distressed debt
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Features
Easier said than done
Often the solution to a problem is as complex as the problem itself. And a lot of things are easier said than done.
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Interviews
‘Adjacency’, or the art of step-by-step
It is tempting, just because it is so good at it, to think of the $11bn (€7.8bn) London-based hedge fund manager CQS as a credit specialist. But founder Michael Hintze is keen to emphasise its broader strengths. “We are a big hedge fund, but we do more than simply provide absolute returns in credit,” he says. “Nowadays we are a global multi-strategy, multi-asset management firm providing hedge fund, long only and bespoke solutions for clients.”
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News
Pension funds to be 'next wave' to sell private equity secondaries
Trend already taking hold in US, and European institutions expected to follow suit.
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News
Martin Steward on scary moves in the bond markets
What's been happening on the safe-haven curves is almost as worrying as Greece.
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News
Coller survey finds investors happy with PE leverage
Coller Capital finds most limited partners feel buyout debt-to-equity ratios are about right.