I chat with Paul on derivative pricing, the application of mathematics within financial services and the implications for society due to AI.
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.
China's advanced infrastructure and ballooning debt are two sides of the same story, says Carnegie Endowment nonresident senior fellow Michael Pettis, who compares China's coming consumption-led rebalancing to Japan's in the 1980s. In conversation with Top1000funds.com Asia Pacific correspondent Darcy Song, Pettis unpacks what this means for institutional investors weighing China exposure over multi-decade horizons, and why he remains bearish on the country's outlook.
Sovereign wealth funds (SWFs) may allocate substantially more to equities if they consider correlations between natural resources and financial assets in portfolio optimisation, according to State Street’s Vision Report, which also suggests SWFs consider becoming more active share owners as a consequence of the financial crisis. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Massachusetts-based consultant, NEPC, advises that clients allocate between 5 and 15 per cent to real assets – including commodities, TIPS and direct investments in real estate, energy and infrastructure. This article by consultant Edward O’Donnell examines the rationale, risks and potential returns of allocating to real assets. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
In seeking to minimise pension risk, many companies have chosen to freeze or close defined benefit pension plan in the hope such an approach might give them time to adjust and increase corporate value. In a recent article published in the Financial Analysts Journal, Brendan McFarland, Gaobo Pang and Mark Warshawsky examine the impact of
CalPERS is seeking consulting firms for a dedicated real estate Spring-fed pool, the first competitive selection process since 2003, with five-year contracts to begin in July next year. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
CalPERS’ approach to improving portfolio returns by engaging management of poorly performing companies to rethink governance and strategy has had a substantial endorsement, with analysis by Wilshire Associates demonstrating that the fund has had a dramatic effect on the performance of the companies placed on its Focus List. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The $32 billion Alaska Permanent Fund has taken a unique approach to asset allocation, re-organising the fund according to how investments respond to economic conditions and their purpose in the portfolio. Chief executive, Mike Burns spoke to Amanda White about the new approach, which also includes a search for four ‘external CIO’ mandates. Alaska Permanent
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