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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Beyond asset classes: Active credit becomes the test case for Florida’s portfolio evolution

Beyond asset classes: Active credit becomes the test case for Florida’s portfolio evolution

Florida State Board of Administration has built an active credit portfolio spanning public and private markets, CIO Lamar Taylor says the initiative could be the first step in a broader shift away from traditional asset-class investing towards a framework centred on return drivers and risk exposures.

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The rise of emerging markets-debt indexes

In the 1990s emerging markets-debt indexes were limited to external US-dollar-denominated sovereign debt but as interest in the asset class has increased so has the breadth and depth of available indexes. The JP Morgan family of emerging market-bond indexes contains some of the most widely used by investors. In the 2000s JP Morgan expanded its

Misaligned incentives, bank mismanagement and troubling policy implications

This paper by New York University’s Jonas Prager outlines the major changes in the financial structure as well as the focal events that characterised the 2007-2008 global financial crisis and considers the evidence for the crucial role played by misaligned incentives. Misaligned incentives, bank mismanagement, and troubling policy implications mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3

CalPERS, CalSTRS champion for diversity

The Californian pension funds, CalPERS and CalSTRS, have taken a leadership role in promoting corporate board diversity, demonstrated in the launch at the NYSE this week of 3D with GMI Ratings, and membership in the Thirty Percent Coalition. 3D, which stands for Diverse Director DataSource, is a databank of pre-approved board candidates with an emphasis

Consultants advocate active EMD management

Consultants are recommending investors have as much as 10 per cent of their fixed-income portfolio in emerging markets debt with endowments, public pension funds and even some corporate clients using liability driven investment strategies showing increasing interest in the asset class. Top1000funds.com spoke to consultants from Callan Associates, Hewitt EnnisKnupp, Cambridge Associates and Russell Investments

AP2 extends metrics to emerging markets debt

Swedish buffer fund AP2 is investigating a move from traditional market cap-weighted benchmarks for its fixed-income portfolio to using other metrics, such as fiscal sustainability or GDP weights, the fund’s chief investment strategist Tomas Franzen says. The 216.6-billion Swedish krona ($30.9 billion) fund has more than 36 per cent of its portfolio in investment-grade fixed

A catalyst for change: PGGM owns ESG

Not content to sit back and wait for the market to move, PGGM decided to learn by doing and launched its own responsible-equity portfolio three years ago. In line with its belief that sustainability pays, PGGM’s portfolio has a long-term investment horizon that integrates financial and environmental, social and governance (ESG) factors with active ownership.

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