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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 […]
Amanda WhiteJanuary 10, 2014
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 […]
Amanda WhiteJanuary 10, 2014
Investor Profile

Inside the Future Fund’s investment decisions

The $91 billion Australian Future Fund’s approach to investing is to get even more sophisticated as it borrows ideas and techniques from other investors, including the risk management and portfolio construction techniques of multi-strategy hedge funds. David Rowley speaks to CIO David Neal. Many will quickly tell you there is greater return to be made […]
David RowleyDecember 12, 2013
Uncategorised posts

The Netherlands’ UWV battles to regain funding

The funding crisis that hit pension funds across the world may be easing – in common with the five-year long economic crisis – but restoring healthy funding levels remains a vital priority for many investors. The Netherlands’ €4.9-billion ($6.6-billion) UWV pension fund is one of that number. A funding ratio of 98.7 per cent at […]
Dan BillinghamOctober 9, 2013
Emerging Markets

Active management and ideal weighting in emerging markets

From a strategic asset allocation point of view, AustralianSuper is one of the most aggressive investors in emerging markets, particularly Asia. About a quarter of the $43-billion fund is in international equities, and nearly half of that is in emerging markets. Equities is the vehicle for AustralianSuper’s emerging market exposure because growth remains the reason […]
Amanda WhiteJuly 12, 2013
Uncategorised posts

Montagnon defines investor engagement

There is scope for European legislation directing asset owners who issue mandates to service providers in Europe to say that they have “thought through” what they want their asset managers to engage with companies on, ICGN conference delegates heard. Peter Montagnon, senior investment adviser of corporate governance at the UK Financial Reporting Council, says there […]
Amanda WhiteMarch 6, 2013
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