Long/short funds with specialised short positions have greater beta convexity and present greater liquidity strain in rebalancing, according to new research by Morgan Stanley.
Danger signs surround quantitative easing solution
If the unavailability of credit is not the source of the US economy’s problems then the quantitative easing solution put forward by the US Federal Reserve could be ineffective at best, and at worst full of danger, according to broker and quantitative research firm, H.C. Wainwright & Co Economics.
Behind CalPERS’ alternative asset allocation decision
A desire to hedge the portfolio against extreme market risks and rising inflation, has resulted in the $220 billion CalPERS departing from its traditional asset allocation after a year-long review, and introducing the allocation of assets according to five broad groups.
Fear the Boom and Bust
With a festive tongue firmly in cheek, this video may provide a welcome smile at the end of a challenging year for many fiduciary investors. The global financial crisis triggered a revival in the popularity of interventionist Keynesian economics – but the free marketeers of Friedrich Hayek’s Austrian School won’t give ground easily. Here, Keynes … Read more
Agency risk at the fund level … and happy holidays!
If this is a time of year for reflection on a personal level, perhaps with some plans for self-improvement over the next year, whether it be more time with the family, get fit, etc, then it may also be a good time to consider the human element in the management of a fiduciary fund.
NEST broods on SRI choice
The UK’s National Employment Savings Trust (NEST) will offer members a socially responsible investment fund, one of the first investment decisions the trustee board has made as it finalises its investment strategy.
