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.
Senior executives from some of the world's largest private market managers gathered in Berlin this month with a collective understanding: managers who move slowly on AI face not just weaker returns but the risk of owning businesses that have been competitively displaced before they can exit.
The trustees of the $65 billion North Carolina Retirement Systems will vote on whether to introduce a defined contribution plan when the board meets on Jannuary 20, one of the significant recommendations by the Future of Retirement Study Commission.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The hedge fund industry has taken a well-publicised caning over the past few years but, as the dust starts to settle on the global financial crisis, some interesting and probably long-lasting trends are emerging. Principle among these is a massive increase in concentration of mandates among the larger hedge funds.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Performance is eroded by institutional investors’ decisions around hiring and firing managers according to the preliminary results of a behavioural study by Boston University that links qualitative factors such as committee characteristics with earlier empirical research on performance.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Hermes BPK, the hedge fund-of-funds (HFoF) provider majority-owned by Hermes Fund Managers (which itself is fully-owned by the UK’s largest pension fund, the BT Pension Scheme), has completed work on an innovative performance fee model which will allow investors to clawback any unearned performance fees.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
This OECD paper suggests avenues for strengthening the governance and management of the Japanese Government Pension Investment Fund (GPIF), the largest single pool of pension assets in the world. It says the governance stucture falls short of international best practice and in some cases does not meet some of the basic criteria contained in OECD
This paper examines the investment patterns of 50 Sovereign Wealth Funds in 903 public and private firms over the period 1984-2009, and specifically the determinants of a SWF’s weight of direct private equity in their overall portfolio. The paper finds evidence that SWFs are more likely to invest in private firms in countries that have
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