Principles, ESG, and Credit Risk
The UN Principles for Responsible Investment (PRI), an initiative working to put into practice six principles on the environmental, social, and governance (ESG) aspects of investment decisions, in...
View ArticleSearching for the Right Infrastructure Manager: 3 Case Studies
A new paper from bfinance (an independent financial services consultancy headquartered in London) discusses the âdramatically different eraâ into which infrastructure investing has entered over the...
View ArticleFACTOR INVESTING: GROSS TO NET RETURNS
By Nicolas Rabener, FactorResearch From Theory to Reality Summary: Long-short multi-factor portfolios generate attractive returns before fees Post fees charged historically returns are much less...
View ArticleStockholder Inspection Rights Survive Challenge in Delaware
On December 29, 2017, the last business day of the expiring year, the Delaware Chancery Court, in a memorandum of opinion by Vice Chancellor Slights, upheld stockholdersâ statutory books-and-records...
View ArticleCRYPTOCURRENCIES â HOT BUY OR HOT AIR?
By Diane Harrison With traditional stock markets offering robust gains in 2017 and looking poised to continue their attractiveness in 2018, investors need strong persuasion to shift their equity...
View ArticleAquila Asks: Whoâs Afraid of Pricey Markets?
A new paper from Aquila Capital Group looks at managed futures, and makes the case that they offer investments tools with which one can achieve a ârobust and diversifying risk/return profile.â The...
View ArticleFirms of the Near Future: Process and Product Innovators
Last summer the Boston Consulting Group put out a report on the global asset management industry, called âThe Innovatorâs Advantage.â The title was an allusion to a landmark 1997 book by Clayton...
View ArticleKPMGâs Report Cards on Real Assets
KPMG has posted a new paper looking at the role of real assets (defined as âanything where there is a tangible/physical asset being tradedâ) within a portfolio, with a focus on opportunities for...
View ArticleWhat CTAs Think about Bitcoin Futures
A new BarclayHedge study indicates that the majority of commodity trading advisers surveyed are unenthusiastic about the new Bitcoin futures. Specifically, asked âdo you consider Bitcoin futures to...
View ArticleThe Rationality (or Otherwise) of Public Pension Fund Managers
A new research paper from the Stanford University Graduate School of Business discusses the rationality (or otherwise) of the return expectations of institutional investors, with especial reference to...
View ArticleMuster Drill: To the Value Lifeboats
By Scott Opsal While weâre not calling for an imminent market top, we are keeping a diligent watch from the crowâs nest for signs of a coming market correction. Equity investors worried that there...
View ArticleSovereign Wealth Funds, UN Goals, and Hedge Fund Fees
Dr. Rajiv Sharma has written an extensive literature review of âsovereign wealth fundsâ investment in sustainable development sectorsâ for the UN sponsored high-level conference on Financing for...
View ArticleUnsophisticated Techniques of Equity Factor Investing Still Prevail
EDHEC Risk Institute, in collaboration with ERI Scientific Beta, surveyed 114 investment professionals between June and September 2017 about their motivation and interests with regard to equity factor...
View ArticleCeres Report Evaluates Value of Early-Stage Clean Energy
A recent publication from Ceres, a nonprofit organization devoted to promoting sustainability as a goal in both investing and corporate governance, looks at the value that early-stage clean energy...
View ArticleWHATâS A FIT FOR YOU MAY NOT BE RIGHT FOR ME
Introduction to Khosla Price Sensitivity RatioTM (KPSR) Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â By Tanuj Khosla, CFA, CAIA, MBA A typical issue of a Eurobond in Asian bond markets follows the below...
View ArticleS&P on Reading VIX
S&P Dow Jones Indices has put out a paper offering market participants without patience for âacademic rigorâ an accessible guide to the so-called âFear Index,â the VIX, calculated from the...
View ArticleSSGA on Smart Beta
State Street Global Advisers has put out a âComplete Guide to Smart Beta.â A preface by Lynn S. Blake explains that the focus of the paper is not on equity products but on âexciting new...
View ArticleGold as a Strategic Asset
The World Gold Council has recently posted its analysis of the continued relevance of gold. As one might expect from the source, the WGC finds that gold is a strategic asset that can play several...
View ArticlePE and VC Opportunities in 21st Century India
ARA Law, a firm based in Mumbai and Bangalore, India, has issued a paper on private equity and venture capital in that country. In a foreword, firm founder Rajesh N. Begur observes that there is a...
View ArticleUrgent vs. Important: Barriers to Digitization in Alternative Investing
KPMG International and CREATE-Research have jointly prepared a report about the digitization imperative for alternative investment management. The report includes within that term both hedge funds and...
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