Investment Strategies – Page 21
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Asset Class Reports
Emerging Market Debt: Perfect timing?
Peter Marber re-explores averaging strategies for entry into emerging markets
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Special Report
Securities Services: The lowest ebb
Greece’s financial services markets are at rock bottom. Iain Morse assesses the domestic custody market in the face of current tribulations
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Special Report
Securities Services: Sourcing global equity liquidity
Equity market fragmentation is a significant challenge to executing large blocks of stock with minimal market impact, writes Edward Pennings. At the same time, it provides an opportunity for those with a firm grasp on navigating this new landscape
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Special Report
Securities Services: Light me up
The ‘trade at’ rule sparks heated debate about ‘best price’ concepts and the road that equity market trading reforms should take, reports Richard Hemming
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Special Report
Securities Services: Security threat
Iain Morse reports on the avalanche of regulation heading the way of securities lending
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Special Report
Securities Services: Embrace the information age
Cyril Demaria argues that private equity has everything to win from a more systematic and transparent approach to reporting information W
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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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Special Report
Curbing corruption
Nina Röhrbein reports on how the investment industry is guarding against the recent rise in corporate corruption
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Asset Class ReportsEmerging 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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Special Report
Driving forward
Niall Mills discusses the relationship between responsible investment and the inflation-linked income generated by infrastructure assets
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Interviews
Initiative focused
State Street Global Advisors (SSgA) has learnt lessons from the past. Losses incurred during 2007-08 by five of its fixed income funds, which were marketed as conservative strategies, led to lawsuits filed by among others the Houston Police Officers’ Pensions System and Prudential Financial.
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Special Report
Securities Services: What’s lacking with infrastructure
Infrastructure can generate high administration costs because of non-standard valuation, benchmarking and performance measurement, finds Emma Cusworth
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Features
The long and short of it
With the deep-value trade over and macroeconomic volatility abundant, Lynn Strongin Dodds assesses the case for absolute return in credit
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Special ReportPortfolio Construction: Preparing for all probabilities
Emma Cusworth discusses strategic asset allocation weights adjusted for the economic cycle
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Special ReportPortfolio Construction: The changing asset allocation framework
Stacy Cuffe, Lisa Goldberg and Frank Nielsen describe the move from asset-class allocation to risk-based allocation, and the problem of ‘risk-grouping’
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Special ReportPortfolio Construction: Hedge fund ALM
The 2008 crisis showed how liquidity mismatches can undermine apparently robust hedge fund portfolios. Peter Meier and Jann Stoz argue that measuring returns autocorrelation can enable investors to assess mismatches using only fund of fund-level information
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Special Report
Portfolio Construction: Risk as a profit centre
Managing and monitoring tail risk is not just about insuring against extreme losses. Boryana Racheva-Iotova describes the potential for expected tail loss measures to feed into tactical portfolio optimisation where variance is traditionally deployed
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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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Special Report
Portfolio Construction: A roadmap for portfolio rebalancing
Will Kinlaw and Jay Moore discuss how pension funds can avoid traffic jams, road construction and the associated costs of delays as they get portfolios back on the road to strategic asset allocation weights
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Special Report
Portfolio Construction: Offensive or defensive?
Kathryn Kaminski argues that the adaptable, liquid,systematic profile of managed futures makes it a more efficient long-term approach to tail risk than insurance-style strategies
