The latest
Research

Is Bitcoin a real currency?

Analysis of Bitcoin’s historical trading behaviour shows it has exchange rate volatility an order of magnitude higher than the volatilities of widely used currencies, undermining its usefulness as a unit of account or a store of value. Bitcoin’s daily exchange rates exhibit virtually zero correlation with bona fide currencies, making it useless for risk management […]
Uncategorised posts

New era for Barra risk modelling

MSCI’s risk management tool, BarraOne incorporated 31 private real estate models and a macro-factor asset allocation model in 2013 and this year will add global private equity analysis giving it coverage across all asset classes. BarraOne, which is widely used among investors for risk analysis and management, started as an equities analysis tool, but now […]
Uncategorised posts

A new model of liquidity

The risk-adjusted benefit of being able to rebalance a portfolio is worth tens of basis points, according to new research that assigns risk and return measures to liquidity so it can be analysed alongside other portfolio decisions. The award-winning research is now being used by large sovereign wealth funds, to determine the value they should […]
Uncategorised posts

Did they say that? CIO quotes from 2013

Each year conexust1f.flywheelstaging.com interviews CIOs and executive staff of the world’s largest asset owners, gaining insight into their investment strategy, asset allocation and demands from managers. In 2013 funds were focused on costs, increased portfolio look-through, “partnering” with managers and how to position fixed income exposures. This selection of quotes from CIOs of some of […]
Uncategorised posts

Merton’s message: give up on alpha

Nobel Prize winner, Robert Merton, has thrown down the gauntlet. He claims that by focusing on a retirement income goal he can beat any competitor that is managing a 70:30 portfolio that has wealth accumulation as the goal. Do you dare take him on? The defined contribution pension management industry has it wrong, according to […]
Research

The price and performance of wine

Because it’s nearly Christmas, and conexust1f.flywheelstaging.com will close down for the holidays, we thought this research piece was apt. Elroy Dimson, Peter L. Rousseau, and Christophe Spaenjers, have looked at the impact of aging on wine prices and the performance of wine as a long-term investment, using a unique historical database for five long-established Bordeaux […]
<123of254>