As more institutional investors move towards a whole-of-portfolio approach, they run into a problem: most of the technology platforms they use to keep track of their assets have not been built with that approach in mind. Instead, most systems available today were initially designed to compare the performance of a single asset class against a […]More Details
In this last instalment, of the four part series on the criticisms of behavioural finance, MarketFox columnist Daniel Grioli brings it all together and makes the case for a framework that helps us decide how to choose between using heuristics and more complicated methods.More Details
In a world of powerful algorithms and intelligent robots, of passive and factor-based strategies, what is the future role for humans in the investment management industry? What can asset managers learn from Deep Blue’s triumph at chess, from Watson’s victory at Jeopardy, from AlphaGo’s win at Go, from machine learning’s success at language translation, or […]More Details
Investors know from experience that exceeding the limitations of an equity strategy’s capacity will ultimately destroy much of the generated alpha. But when constraints are put in place, whether they are hard or soft closes, the limitations are often rather fluid in nature. At this luncheon, Geoff Warren, Associate Professor at the Australian National University, […]More Details
In March 2018, the tiny island nation of the Marshall Islands passed a law that allowed it to issue its own currency for the very first time, having relied on the US dollar as its main currency since it gained independence in 1979. But it wasn’t a traditional form of currency. The Marshall Islands plans […]More Details
"He will therefore have to use what knowledge he can achieve, not to shape the results as the craftsman shapes his handiwork, but rather to cultivate a growth by providing the appropriate environment, in the manner in which the gardener does this for his plants."
Friedrich August von Hayek