rieck

Unintentional

The great currency debate

Many super funds had to write out big cheques last year. They needed to cover their currency hedging positions over international assets as the Aussie dollar tumbled from near parity with the US to around 60c at its low point. As a result, and notwithstanding a subsequent recovery in the $A, future defensive strategies are […]
Unintentional

The great currency debate

Many super funds had to write out big cheques last year. They needed to cover their currency hedging positions over international assets as the Aussie dollar tumbled from near parity with the US to around 60c at its low point. As a result, and notwithstanding a subsequent recovery in the $A, future defensive strategies are […]
Hedge Funds

Ice Break

Anticipating the credit crunch, some institutional investors readied their portfolios for an imminent bear market, while the majority stuck to strategic weights backed by long-term return assumptions. But who among either group thought that liquidity, the ultimate facilitator of portfolios, would become so thin that their strategies would become compromised for lack of it? In […]
Hedge Funds

Ice Break

Anticipating the credit crunch, some institutional investors readied their portfolios for an imminent bear market, while the majority stuck to strategic weights backed by long-term return assumptions. But who among either group thought that liquidity, the ultimate facilitator of portfolios, would become so thin that their strategies would become compromised for lack of it? In […]
Unintentional

Omega, the new alpha

Investment banks have become major direct service providers to private client and retail investor portfolios, mostly through their structured products. Yet they are conspicuous by their absence from wholesale manager menus. MICHAEL BAILEY examines whether the banks’ transactional culture can become acceptable to conservative superannuation funds, and whether they might find their biggest role in […]
Unintentional

Omega, the new alpha

Investment banks have become major direct service providers to private client and retail investor portfolios, mostly through their structured products. Yet they are conspicuous by their absence from wholesale manager menus. MICHAEL BAILEY examines whether the banks’ transactional culture can become acceptable to conservative superannuation funds, and whether they might find their biggest role in […]