VFMC Shifts Internal Equities to Benchmark Unaware Asset Owners, EquitiesVFMC has changed the way its internal equity invests, shifting towards a benchmark unaware strategy, away from the previous Top 50 stocks approach, CIO Russell Clarke says. Read More
It’s Time to Sin a Little Equities, Factors, Quant & SystematicAQR has always questioned the merits of factor timing, stating it is too difficult to do consistently well. But valuations have now become so irrational that even they believe a skew towards value is warranted. It is time to sin a little. Read More
AustralianSuper Scales up Machine Learning Asset Owners, Equities, Factors, Quant & SystematicAustralianSuper started its first machine-learning strategy only two years ago, but already it has become a near core strategy and has a substantial amount of money running in it. Read More
The Average Company Doesn’t Matter EquitiesInvesting is about capturing the outliers, Baillie Gifford’s Tom Slater says. In a study of long term buy-and-hold strategies, he found that more than 50 per cent of returns were driven by just three companies in the portfolio. But how do you find these outliers? Read More
HESTA Eyes Fundamental Aus Equities Asset Allocation & Strategy, Asset Owners, Equities, Women in FinanceAustralian pension fund HESTA is considering creating an internal fundamental Australian equities capability in an effort to address capacity constraints and drive company engagement. Read More
APG Sees More Dispersion in Investor Returns Ahead Asset Owners, EquitiesThe rise of alternative data sets is likely to create a wider dispersion of investors’ returns as the wide range of available data will lead investors to take more varying approaches than they have done so in the past, according to APG Asset Management. Until recently, most financial strategies have relied on a handful of […] Read More
Stock Markets Are Increasingly Irrelevant Economics, EquitiesStock markets are less about investing and more about collecting rents these days, Tim Hodgson of TAG says. He questions whether the distinction between public and private will survive with the rise of blockchain technology. Read More
An Ode to Crowding Equities, Factors, Quant & Systematic, Risk and RegulationInvestors should learn to love crowding, Wells Fargo’s Wai Lee says. Read More
The Biggest Risk in Investing is Trying to Avoid It: Grantham Equities, MarketFox, Risk and RegulationAsset managers don’t take enough risk when implementing their best ideas, according to veteran investor and GMO co-founder Jeremy Grantham. “By far the biggest risk in the long run is to try and avoid risk, to try and hedge everything out,” Grantham says. “Forget it. You’ve got to learn to take some risk and hit […] Read More
