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Investment Strategy

Blinder: a power of paradox at Princeton

Pension funds or any investor holding a slug of long-term fixed income needs to factor in some capital losses soon, says Princeton academic and former vice president of the Federal Reserve, Alan Blinder. “The timing is difficult to predict, but three or 15 months, it doesn’t matter. It is predictable,” he says. “The unpredictable part […]
Unintentional

Choosing a transition manager…

in the one field that refuses to rationalise Interest rates are not the only thing going up in Australia in defiance of the rest of the world. While the transition management marketplaces of London and New York have seen a number of investment banks exit, or at least ‘transition transition’ into their custody or asset […]
Unintentional

Choosing a transition manager…

in the one field that refuses to rationalise Interest rates are not the only thing going up in Australia in defiance of the rest of the world. While the transition management marketplaces of London and New York have seen a number of investment banks exit, or at least ‘transition transition’ into their custody or asset […]
Investment Strategy

Fiduciaries and investors ‘divided’ over inflation

There is a fundamental disconnect emerging between fiduciaries, and their underlying “real” investors, on whether deflation or inflation is the prevailing investment theme, according to The Canonbury Group’s Pippa Malmgrem. The political and policy consultant to global investors was speaking directly after attending the annual central bankers’ summer retreat at Jackson Hole, Wyoming, where for […]
Investment Strategy

Fiduciaries and investors ‘divided’ over inflation

There is a fundamental disconnect emerging between fiduciaries, and their underlying “real” investors, on whether deflation or inflation is the prevailing investment theme, according to The Canonbury Group’s Pippa Malmgrem. The political and policy consultant to global investors was speaking directly after attending the annual central bankers’ summer retreat at Jackson Hole, Wyoming, where for […]
Investment Strategy

Credit default swaps to clear up their act

Hedge fund managers who bemoan their image problems should spare a thought for Susan Kobayashi. The director of fixed income portfolios for Mellon Capital Management (Mellon CM) was in Australia last month promoting a fund associated with not one, but three phrases made notorious by the meltdown – ‘quantitative’, ‘market neutral’ and, most challenging of […]
Investment Strategy

Credit default swaps to clear up their act

Hedge fund managers who bemoan their image problems should spare a thought for Susan Kobayashi. The director of fixed income portfolios for Mellon Capital Management (Mellon CM) was in Australia last month promoting a fund associated with not one, but three phrases made notorious by the meltdown – ‘quantitative’, ‘market neutral’ and, most challenging of […]
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