In Search of Temperament V – Probabilistic Thinking MarketFoxOur exploration of the ideal investor temperament continues with our fifth post in this series. We’ll focus on the reasons why investors need to think probabilistically and how to do it Read More
APG Sees More Dispersion in Investor Returns Ahead Asset Allocation & Strategy, Asset OwnersThe 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
ASX Blockchain Targets Communication not Trading Asset Allocation & StrategyGerben de Zwart, Head of Quantitative Equities at Dutch pension behemoth APG, believes that the rise in the use of alternative datasets will see a divergence of manager returns, as they will have to pick and choose which databases to analyse. 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
Real Estate Debt Looks Better Than Equity Fixed Income, Real EstateFrom a macroeconomic point of view, real estate debt looks better than real estate equity, PGIM CEO of Real Estate says. Read More
In Search of Temperament IV – Self-Awareness and Self-Control Behavioural Finance, MarketFoxThis is the fourth part in a series on the ideal investor temperament. So far, we’ve examined curiosity and flexibility, contrarianism and patience. In this post, we’ll consider Self-Awareness and Self Control. Jim Paul’s life story and the lessons that he learned will be our guide. I recently finished reading What I Learned Losing a […] Read More
The True Cost of Divesting ESG, Risk and RegulationAs part of his growing interest in climate change, GMO’s Jeremy Grantham researched what effect divesting the entire energy sector would have on a portfolio. Read More
The Pain Premium Asset Allocation & StrategyMost investment strategies today are based on the idea that investors get paid to take on greater risk (for example, small caps) or on the existence of a return driver that can deliver above-market returns (for example, momentum). The validation of these strategies is usually dependent on the culmination of two key elements. One, there […] Read More
Editorial – Hayne’s Roadmap to Governance EditorialThe banking royal commission’s final report not only contains misconduct, but it also provides a nice roadmap for what it deems proper governance for super fund trustees. Read More
