Insights

The Changing Face of Active Management

Combining Best Ideas in Search for Alpha

Good ideas take time. In fact, one of the best ways to kill creativity is to act swiftly and decisively. In a lecture delivered in 1991, British comedian John Cleese gave an insight into why some people are more creative than others and come up with better ideas. Despite what you might think, talent was […]

MarketFox Investment Commentary – Investment Innovation Institute

Heuristics are Biased. But are They Lazy and Dumb?

Behavioural Finance, MarketFox

In this second instalment of the four part series on the criticisms of behavioural economics, MarketFox columnist Daniel Grioli looks at heuristics: are they lazy and dumb?

The Biggest Risk in Investing is Trying to Avoid It: Grantham

Equities, MarketFox, Risk and Regulation

Asset 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 […]

Australia Needs to Export Tech, Not Talent: Farquhar

Australia Needs to Export Technology, Not Talent: Farquhar

Private & Alternative Markets, Risk and Regulation

If Australia is to maintain its standard of living, it needs to make a greater effort to build a domestic technology industry, rather than allowing its well-educated professionals to be poached by overseas companies. Scott Farquhar, co-founder and co-CEO of Atlassian, told an audience of venture capital and institutional investors in early March that Australian […]

Too Many Investment Advisers Don’t Get Portfolio Construction

Asset Allocation & Strategy, Women in Finance

Portfolio construction is a specialised skill and there are too many professionals in the investment industry who manage people’s money without the right knowledge to build portfolios, according to the new chair of the CIMA Society of Australia. “I took the chair role because there are a lot of people who make decisions about investments […]

Mobile Platforms Help Open Up Rural African Markets

Emerging Markets, Private & Alternative Markets

LGT Impact Ventures sees more companies using mobile applications to create distribution networks in remote African areas, creating new opportunities to services lower and middle income people.

Are We Biased? Bringing Time Series into Behavioural Finance

Behavioural Finance, MarketFox

Before becoming a professional investor, I was a psychology student at the University of Melbourne. The course took me on an interesting personal journey. In first year, we studied the classic research. Studies such as Pavlov’s conditioning experiments with dogs, Asch’s conformity studies, Milgram’s coerced compliance experiments and Zimbardo’s infamous Stanford prison experiment. By the […]

Knowledge Management: Keeping Track of What We Know

Asset Allocation & Strategy

Institutional investors sit on treasure troves of knowledge about financial transactions, industry networks and due diligence reports. Ashby Monk says the management of this knowledge should be a top priority.

True Equity Diversification is Hard

Asset Allocation & Strategy, Asset Owners, Chief Investment Officers, Equities

Diversification is good, but what assets will truly diversify you from equity risk, Michael Block, CIO of the Australian Catholic Superannuation & Retirement Fund, asks.