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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CalPERS’ public and private equity reset shapes performance

CalPERS’ public and private equity reset shapes performance

CalPERS is continuing to reap the benefits of a sweeping overhaul of its public and private equity programs, with the two asset classes, which are the biggest components in the portfolio, powering a 14.8 per cent return for the $637 billion fund in the last reporting period.

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Russell Axioma launches factor-based indexes

Institutional investors’ increasing use of factor-based models to understand their portfolio risk exposures is the conduit for Russell Investments’ collaboration with Axioma to launch a series of factor-based indexes to rival MSCI/Barra, according to Rolf Agather, managing director of research and innovation at Russell. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3

Diversification is not enough for managing risk

Diversification alone is not enough to manage downside risk, rather academic research in dynamic portfolio theory suggests the three complementary techniques of diversification, hedging, and insurance can be used together to design customised investment solutions, that ultimately separate assets into performance seeking portfolios and liability hedging portfolios, according to EDHEC’s Felix Goltz and Stoyan Stoyanov.

CalPERS’ redesign creates CFO role

CalPERS will introduce a new leadership organisation design next year, which includes for the first time a dedicated chief financial officer function coordinating all corporate finance functions including cash flow. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3

Why politics and pension fund management don’t mix

Thomas P DiNapoli was given a little scare in the recent US mid-term elections but, in the end, was returned fairly comfortably to his position of New York State Comptroller and sole trustee of the New York State pension fund. What happens next, though, may be more interesting. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3

How turbulence measures can improve performance

Will Kinlaw, managing director of portfolio and risk management group at State Street Global Markets in Cambridge, tells Amanda White why new ‘turbulence’ indexes, measuring volatility and unusualness of returns, can guide investors in adjusting risk exposures and so improve returns.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3

Ducks get in a row for UK’s NEST

If there was an opportunity for a clean slate, what investments and service providers would provide the optimal structure for your members? The UK’s National Employment Savings Trust is preparing to receive its first contributions next year. Amanda White spoke with chair Lawrence Churchill about that privilege and challenge.

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