Jim Creighton: Quant in the 90s and the AI reinvention

I chat with Jim, the former CIO of Barclays Global Investors on the history of quantitative investment, the myths of factor investing, and how machine learning can help solve difficult problems in financial markets. We touch on the future of AI and its use in the broader society – where are the opportunities and where are the potential threats?

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

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Fiduciaries’ top concern is US gridlock

Endowments and foundations in the United States are more concerned with the US political and fiscal gridlock than the uncertainty caused by the European debt crisis, according to a survey of non-profit organisations by Mercer Hammond. Partner at Mercer Hammond, Russ LaMore, says the US situation dominated the global macroeconomic concerns of these investors, followed

Leverage aversion, efficient frontiers and the efficient region

This paper suggests a new specification for leverage aversion, which may better capture the unique risks of leverage. The authors also introduce mean-variance-leverage efficient frontiers, comparing them with conventional mean-variance efficient frontiers. They conclude that leverage aversion can have a large impact on portfolio choice. Leverage aversion, efficient frontiers and the efficient regionmrec4inarticleinline Sponsored Content

UK’s NAPF conference focuses on three issues

The agenda at the United Kingdom’s National Association of Pension Funds (NAPF) annual shindig in Liverpool’s Echo Arena on the banks of the Mersey couldn’t have been broader. From early analysis of auto-enrolment, the biggest shake-up of the industry in a generation and just days old, to life expectancy, Britain’s role in the European Union,

Brussels ‘cooking up real estate shock’

The European Union is threatening to drive pension funds out of real estate investments, experts warn. That could be one of the undesirable results of plans to put pension funds under new risk regulations akin to the Solvency II requirements for the continent’s insurers. What most concerns John Forbes, a PriceWaterhouseCoopers real estate expert, is

Size and scalability up, fees down

The world’s largest asset managers should be using the advantages of their size and scalability to adjust their fee structures, according to Craig Baker, the global head of manager research at Towers Watson, which just released this year’s Pensions & Investments/Towers Watson World 500. “The advantage of large managers is [that] they could structure their

USS powers into diversity

In the past few years the £34-billion ($54.7 billion) Universities Superannuation Scheme (USS) has substantially diversified its asset allocation, including a large alternatives allocation, and extended its investment team from 65 to 105. In the latest chapter of the fund’s investment department reincarnation, from October this year a separate but fully owned USS company, USS

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