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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Rest Super’s selective approach to PE pays off as program comes of age

Rest Super’s selective approach to PE pays off as program comes of age

A concentrated bet on fewer, better GP relationships is paying off for one of Australia's largest superannuation funds. Built on selective manager and deal selection rather than a broad roster, the A$112 billion ($78 billion) Rest Super delivered private equity returns more than double the peer average last financial year, as the fund proactively courts top-tier PE firms instead of waiting to be approached.

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US banking system needs structural reform

Continued use of quantitative easing is sowing the seeds of financial instability, according to Sheila Bair, former chair of the Federal Deposit Insurance Corporation, who says that the 2008 crisis taught us a credit-driven economy is not sustainable. Bair has been an outspoken critic of quantitative easing and says there has been too much reliance

How to solve Chicago’s pension pain

Moody’s recent downgrade of the City of Chicago was because of its pension liabilities, according to the city’s treasurer, Stephanie Neely, who says the current actions to fix the funding deficit problems are just “re-arranging the furniture”. “The benefits and contributions are the problem: we cannot invest our way out of this,” she says, adding

UK funds “profoundly” hurt by low interest rates

In his first major announcement as governor of the Bank of England, Canadian-born Mark Carney says ultra-low interest rates are here to stay. This couldn’t be worse news for pension funds, according to pension’s expert, Ros Altmann, but private-public collaboration on infrastructure could help ease the pain.   The prospect of another three years of

New way for Norway’s investments

The Norwegian government should establish a new fund, the Government Pension Fund – Growth, to invest in developing countries, resulting in the dual benefits of jobs creation and investment returns for the fund, recommends a report by Re-define, commissioned by Norwegian Church Aid. The NCA, which is a member of the humanitarian alliance, Act Alliance,

Rapid evolution for Spanish fund

Spain is a country of high geographic diversity where barren plains meet lush mountains and quiet old villages dot the landscape between vibrant, majestic cities. Fittingly perhaps, the country’s largest occupational pension investor Fonditel shines out as a highly sophisticated investor among an underdeveloped pension landscape. The €3.9-billion ($5.2-billion) fund – that mostly covers employees

Connecticut fund manager seeks cash flow

United States equities and real estate were the strongest suits at the $26-billion Hartford-based State of Connecticut Retirement Plans and Trust Funds (CRPTF) out of an entire portfolio that posted 11.6 per cent in the fiscal year ending June 2013. Now the manager of Connecticut’s six retirement plans and nine trust funds is developing opportunistic

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