All articles by Martin Steward – Page 11
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NewsPerTrac study shows hedge funds recovering, consolidating
Study also appears to confirm shift away from funds of funds toward direct allocation.
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NewsGerman institutions give thumbs-up to alternatives but proceed with caution
German institutionals discuss the challenges of alternative strategies.
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NewsInvestors fear Greek and US defaults, predict low Bund yields
Straw poll at German conference reveals growing uncertainty about US ability to repay debt.
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NewsAlternative beta interesting but tricky, says Bayer-PK CFO
Stefan Nellshen says while interesting, the option also poses number of risk management challenges.
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NewsSystematic quantitative investment: The lesson of Texas Hold 'Em
Has the 'mathematical' style ruined the game? Or does it simply exploit reality?
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Features
Martin Steward: The numbers game
Everyone knows about the spectacular growth of online gaming over the past 10 years. You probably have companies making money from this business tucked away in your portfolio. Less well-known is its effect on some venerable casino-based games. It hasn’t drawn players away from casinos – quite the opposite – ...
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Special ReportCredit: At the cliff edge
An IPE snap poll suggests that even at the bottom of the nastiest bear market and the top of the longest bull market in history, portfolio positioning is far from simple. Martin Steward reports
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Special Report
Quant: Integrated circuit
What happens when a big, traditional asset management company sets out to diversify its risk and revenue streams by acquiring a smaller team of successful quants? Rob Job, head of business development at quants specialist PanAgora Asset Management, outlines his firm’s model of an operating committee with “business-oriented people” like ...
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Special Report
Quant: Quant surveyors
As the recent AXA Rosenberg episode revealed, systematic quantitative investment promises the ideal in transparency and integrated risk-management – as long as managers’ corporate governance is equally systematic. Martin Steward reports
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Special Report
Credit: X marks the spot
The hinterland between investment grade and high yield delivers an intriguing risk profile. But Martin Steward also finds that it has been changing rapidly
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Special Report
Quant: An alternative Aspect
Martin Steward talks to Martin Lueck about why systematic managed futures shone in 2008 while other quantitative strategies sank
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Interviews
Across the Gulf… and into the world
Limestone Asset Management launched its first fund, the New Europe Socially Responsible fund, in July 2008. Great timing: it was down 47% by December. But, that was 2.6 percentage points better than its benchmark, the Stoxx EU Enlarged Total Market index. And it made quite a comeback: when it ended 2009 up 83.1%, it left the index trailing by 42 percentage points – outperformance which it has built on since.
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NewsInvestors still well-paid for illiquidity risk, says BlackRock
Three years after global crisis, premium on 18-month or longer illiquidity still at 13%.
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NewsNew rules will push Irish pensions into buyout, says LCP
Proposal comes after 0.6% levy announced in March that is expected to raise more than €450m.
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NewsNEST charges 'not ideal', says UK pensions minister
Steve Webb concedes government would not 'start from here' on National Employment Savings Trust.
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NewsPost-crisis credit opportunity hard for pension funds to exploit
Schemes hindered by slow decision-making, surprised by recovery of asset prices, survey shows.
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NewsIndustry must represent clients before regulators, says SSgA
Asset managers have role in representing interests of asset-owner clients in talks with regulators.
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Features
Martin Steward: A tragedy of errors
When three of the world’s major central banks do three different things for three different reasons, it’s a fair bet that at least one of them is making a policy error. But which one is making the error, how serious is it, and do the other two need to worry?
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Special Report
Commodities: Water, water everywhere…
…any way to invest? Martin Steward ponders how to turn H2O into EUR, GBP and USD
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Special Report
Commodities: Whipping up the amber waves
Commodity futures investors are not ‘evil speculators’, finds Martin Steward. But do they enable the farmers who are?
