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Uncategorised posts

Ownership: a forgotten art?

While the responsible investment field has come a long way, the majority of investors are still treating it as an overlay, rather than truly integrating it into investment decision-making. This is not an ideal situation for the investment industry, not to mention society at large, but it presents an opportunity for those that do integrate […]
Editorial

Smart beta: where is the value?

I’ve been contemplating the “smart beta” wave the industry seems to be riding at the moment. Cynically, part of that contemplation asks whether there is any innovation at play or whether it’s simply the industry playing with nomenclature once again. The answer is confusing, for while I’d like to be able to write it off […]
Asset Allocation

Global CIO survey: lowered expectations

Connecticut-based financial services management consultant, Casey Quirk, and institutional investment specialist publication, top1000funds.com, joined forces in a global chief investment officer survey to measure the sentiment of asset owners, and the extent to which the 2008 crisis has had an effect on the behaviour of internal investment teams, their outlook and corresponding asset allocation. With […]
Uncategorised posts

ATP reunites alpha and beta after 6 years

Alpha and beta rely to a large extent on exposures to systematic risk factors, so goes the “2013 thinking” of ATP in reversing the decision to separate alpha and beta in its investment portfolio six years ago. ATP has separate hedging and investment portfolios, with the hedging portfolio significantly larger at around DKK 670 billion […]
Uncategorised posts

State Street’s Probyn into 2013

The current equity rally is not predicated on a shift in economic performance, according to chief economist at State Street, Chris Probyn, who says it would be reasonable to say the market may “pause for thought”. Probyn says the move from fixed income to equities has been fostered by some of the “economic areas for […]
Editorial

Hedging your bets? Back innovation for wealth creation

In 2012 there were 31 hedge fund managers on the Forbes 400 list, representing about 8 per cent of the wealthiest people in the US, up from 6 per cent the year before. Wealthy people on the whole don’t interest me, but innovation does. And the creation of wealth, and the creation of jobs and […]
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