I chat with Campbell, Professor of Finance at Duke University, on the future of quantitative finance, academic journals, model fitting and the intellectual fallacies within inference.
Nothing on this podcast is to be considered investment advice or a recommendation. No investment decision or activity should be undertaken without first seeking qualified and professional advice.
China's advanced infrastructure and ballooning debt are two sides of the same story, says Carnegie Endowment nonresident senior fellow Michael Pettis, who compares China's coming consumption-led rebalancing to Japan's in the 1980s. In conversation with Top1000funds.com Asia Pacific correspondent Darcy Song, Pettis unpacks what this means for institutional investors weighing China exposure over multi-decade horizons, and why he remains bearish on the country's outlook.
Risk-based divestments increased returns on Norges Bank Investment Management's equity portfolio by 0.07 per cent in 2023. Measuring the impact of its investment decisions, reported in NBIM's latest RI Report, is part of a concerted drive for greater transparency by the manager of Norway's Government Pension Fund Global.
After 23 years in charge, CalSTRS departing CIO Chris Ailman has more stories from the investment frontline than most. He shares personal recollections of the GFC, his fears of the scale of the climate emergency and why worrying levels of US debt hold new risk and opportunity for investors.
In a recently published review, Brunel Pension Partnership vows to “turn the screws” on managers and its holdings via increased RI expectations and warns that rosier economic forecasts of lower interest rates and tamed inflation may not come true.
The Global Pension Transparency Benchmark, a collaboration between Top1000funds.com and CEM Benchmarking, ranking pension funds globally on their transparency of disclosures, will make a number of process improvements to the 2024 survey.
PGGM's Wilfried Bolt explains how the end of quantitative easing (QE) has changed the asset manager's hedging strategy and prompted a keen focus on liquidity. He also explains the rationale behind managing more of the corporate bond allocation in house.
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