John Maynard Keynes

CIO profiles

What would Keynes do?

What would Keynes’ do? Delegates at a London investment think-tank discussed this question with Cambridge University’s David Chambers. Keynes started managing the Kings College, Cambridge endowment after World War I and analysis of his investing style reveals some interesting annotations for investors today. John Maynard Keynes was not just an economist – he was a […]
Hedge Funds

The media and market confidence

While it’s difficult to find evidence of a direct relationship between economic growth and equity returns, it is possible to explain how news stories – such as those about economic growth – affect market sentiment. The importance of sentiment Market sentiment is the biggest driver of investment returns in the short-to-medium term. As investors, we usually […]
Unintentional

Running with the herd

Michael Drew, like many finance professors, played sport at school. One year he won two coveted cricketing trophies at the end-of-season awards: best and fairest player, and batsman with the highest average-run score. But these achievements did not reveal the full story about Drew’s sporting prowess. “We never won a game and my batting average […]
Investment Strategy

UBS Asset Management’s Curt Custard is unhappy

Curt Custard, head of global investment solutions at UBS Global Asset Management, is “very, very disappointed” with his investment banking colleagues. Perhaps even a little mad. But he displays similar sentiments toward US Republican presidential candidates, politicians in general, Europe and John Maynard Keynes. At UBS asset management “nobody is as frustrated as ourselves as […]