Russell Investments’ newish president and chief executive, Andrew Doman, the first ‘outsider’ to take the top job, has notched up nine months at the firm. The ex-McKinsey & Co executive spoke to GREG BRIGHT about the evolution of Russell.
Quantitative investing has taken a battering during the global financial crisis, with many big firms suffering lower-than-average performance for much of the past two years. But the stuff that gave quants a compelling story before investor behavioural biases – is now helping them again.
Asset consultants have recently started offering medium-term asset allocation advice, often as a separately priced service. Watson Wyatt Worldwide calls it “dynamic strategic asset allocation”. Russell Investments calls it “enhanced asset allocation”. Whatever the term, the advice sits between tactical asset allocation at the short end and strategic asset allocation at the long.
A food company owned by the $65 billion Qatar Investment Authority (QIA) has launched a joint venture in Sudan as part of its strategy to generate profit and secure food supply by investing in overseas agricultural businesses.
The world needs to move back to a rules-based system of oversight over currencies and enhanced global surveillance of national macroeconomic policies, according to a leading Professor of Economics at the University of Oxford, UK.
Another big bank is set to hive off its funds management business to shore up its balance sheet, with this week’s announcement of the proposed divestments by ING Group.
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