Investor Behaviour
| 03 March 2010
This research by Mikael Haglund, founder of Swiss research firm Altevo Research, highlights the outperformance of Swedish long/short equity funds in the bear market of June 2007 to December 2008. It shows managing the beta and alternative betas as the most important parameters to focus on during adverse market conditions, and for managers that do not possess the skill and internal processes to do so, there is expected to be consolidation and closure.
| 10 February 2010
Head of beta research at RogersCasey, Cynthia Steer, contemplates the current invesetment horizon expressing fear that governance at the institutional level may have not changed swiftly enough to prepare for the new environment. In this paper "Warm-ups and Beyond: Survival lessons for 2010" she outlines some of the more profound macroeconomic themes which she believes are going to impact returns, asset classes, and institutions.
| 27 January 2010
New research by the Pension Research Council at The Wharton School, University of Pennsylvania, examines whether workers seeking higher returns can expect to do better than the CPF-managed default, by moving their money into professionally-managed unit trusts. The evidence is mixed.
| 19 January 2010
A joint study by LIMRA , the International Foundation for Retirement Education and the Society of Actuaries into the effects of the financial crisis on how retired individuals with investable assets make decisions about investing their assets and purchasing financial products has found they are more risk averse and less confident post the crisis.
| 22 December 2009
Investment managers are more bullish about markets with US large cap growth the flavour of the moment, according to the latest Russell Investment Manager Outlook, which among other findings shows the percentage of surveyed managers rating the market as fairly valued at the highest level since March 2007.
| 16 December 2009
Investors can learn a thing or two from the human foibles displayed by Tiger Woods, according to new research by academics at the Wharton School of the University of Pennsylvania. The research refers, however, to his tendency to be too risk-averse when ahead for a putt, rather than his recently exposed sexual escapades. Woods and his fellow leading golfers in the world unnecessarily forego about one stroke per 72-hole tournament, which equates to a combined loss of $1.2 million in prize money for the top 20 golfers.
| 25 November 2009
According to academic research analysed by the Mercer Responsible Investment business unit in its latest report, there is a growing engagement by the investment community in responsible investment, just as the link between environmental, social and governance issues and performance proves to be a positive relationship. Amanda White spoke with Helga Birgden, head of responsible investment, Asia Pacific about the research, and the growing awareness by managers that ESG factors are a genuine source of alpha.
| 01 July 2009
A new KPMG report, “Renewing the promise: Time to mend
relationships in investment management”, shows the investment management
industry should work to rebuild trust with investors through a ‘back-to-basics’
client relationship approach, increase knowledge sharing, and bolster corporate
governance and risk management transparency.
