Two-thirds of Europe’s alternative assets fund managers oppose the AIFM Directive, with the EU passport and disclosure requirements topping the list of concerns.
Clarifying the concept of risk management
Scientific director at EDHEC-Risk Institute Lionel Martellini, reminds investors of the difference between risk management and risk measurement, highlighting there are some limits to risk diversification.
Real estate or infrastructure? Evidence from conditional asset allocation
This study by Tobias Dechant and Konrad Finkenzeller from the University of Rengensberg’s BS Institute of Real Estate, reassesses the role of real estate in the asset allocation processs, by considering a wide range of alternative and/or seemingly related assets, paying particular attention to infrastructure.
Old rules still apply for equity risk premium
The equity risk premium has come in for some renewed analysis in the past couple of years as investors attempt to reconstruct their portfolios to defend against any future fat-tail events.
The case for leveraged loans
Leveraged loans are the senior-most debt obligations of non-investment grade corporate borrowers and are an attractive source for uncorrelated returns, argue David Frey and Julian Qin, of Highbridge Principal Strategies.
In defence of hedge funds of funds
Funds of funds, particularly hedge funds of funds, have suffered outflows in recent years as pension funds reassessed their cost alongside risk and return characteristics. The conventional wisdom is that all types of FoFs are at death’s door.
