The inaugural Fixed Income, Credit & Currency program was held at the Sheraton on the Park in Sydney on 22 November 2016.
In a world where negative interest rates are becoming increasingly commonplace, we were forced to evaluated the role of bonds. For many institutional investors, the reason to invest in them is diversification, after all bonds are usually negatively correlated to equities. But with yields hovering around zero, there is little solace in bond returns during risk off periods.
Yet, bonds provide an Armageddon hedge; if everything falls apart you can at least rebalance from what is left in your fixed income allocation. So how do we allocate going forward?
