Michael Recce: The goldilocks approach to neuroscience, AI and investing

Apologies for the sound here, this interview was recorded using Skype and occasionally the quality drops.

I chat with Michael, Chief Data Scientist at Neuberger Berman, on using alternative data sets to improve insights into portfolios, deep diving into specific companies and industries and how these sets allow us to look at the world in a richer and more immediate fashion than ever before.

Nothing on this podcast is to be considered investment advice or a recommendation. No investment decision or activitiy should be undertaken without first seeking qualified and professional advice.

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WTW’s Urwin defends TPA value-add as attribution scrutiny intensifies

WTW’s Urwin defends TPA value-add as attribution scrutiny intensifies

Roger Urwin, one of the industry’s most well-known proponents of TPA, has defended it against the growing scepticism of its reported performance edge over SAA, saying “TPA is a system” and any performance attribution is difficult to isolate from the broader context each fund operates in. In an interview with Top1000funds.com, he also weighs in on whether some funds are inherently unsuitable for implementing TPA.

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Liquidity tightens, volatility rises

How should pension funds in the United Kingdom best prepare for the government unwinding quantitive easing (QE) and tightening monetary policy? The Bank of England isn’t showing any signs of ending QE just yet, its policy begun in 2009 and designed to stimulate the economy by creating new money to buy government bonds. But QE

Asset owners invisible in capital debate

Asset owners are not visible in the policy debate about the structural shortage of long-term capital, according to Sony Kapoor, managing director of Re-Define, an economic and financial think tank that advises policy makers and civil society in the European Union. Kapoor, who recently completed a paper critiquing the Norwegian Sovereign Wealth Fund’s investment strategy,

Dynamic allocation using minimum volatility

Active managers who are increasingly on the ropes as beta strategies encroach upon their alpha returns can take heart from the latest research from index provider MSCI. In the latest insight from Barra, Dynamic Allocation Strategies Using Minimum Volatility: Detecting Regime Shifts to Enhance Active & Passive Investing, Philippe Durand and John Regino argue that

CalSTRS asset liability study recommends…

The investment staff of the $170-billion Californian Teachers Fund, CalSTRS, will present new asset allocation recommendations to the board next week, with a reduction in fixed income and the adoption of a new “absolute return” category the likely outcome. The fund is in the final stages of the long process of its 2012 asset liability

Tapering talk poses tough questions

Talk of tapering sent markets into occasional spins this summer – with negative reactions even following positive economic signals at times. Should institutional investors be concerned though of a seemingly impending slowdown in quantitative easing? Opinions are split as to whether a potentially damaging crash is on the horizon or investors can largely dismiss the

Long-term social investment, Milan style

Italy boasts relatively few institutional investors, but the Milan-based Fondazione Cariplo shows that new investing standards can still be set in the home of the renaissance. The €7-billion ($9.3-billion) foundation’s most coveted investment work is its pioneering Italian funds in social housing – an asset area that has been touted in larger markets as an

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