Illiquid assets – portfolio "must have"? Or "mirage"?

The case for and against illiquid assets is hotly debated. Indeed, other than fees, the battle between industry funds and retail super funds has been heavily fought around significantly differing levels of exposures to the main illiquid asset classes.

Dominic McCormick, Select Investment Partners 1 commentOpinion


Weather markets with risk strategies

While 36% of investors say they are ‘reviewing their need for downside protection’, only 8% are currently implementing it. Yet there are many strategies to manage risk in portfolios.

Jon Shead, State Street Global Advisers0.75 CPD Resources


Goal risk tolerance matters too

Risk tolerance is a key constraint in designing a portfolio, but it should also be considered a key constraint in establishing their goals for investing in the first place.

Michael Kitces, Pinnacle Advisory Group0.25 CPD White Paper


The case for private over public equity

I have 80% of my personal assets in private equity - and I plan to increase that to roughly 100%. I don’t have many other good ideas as to what to do in this environment.

Dr Marcel Erni, Partners Group Opinion


QMTV: A risk awareness framework

A QMTV (quality, momentum, transition and value) framework can help investors manage buy, hold and sell decisions through various cycles and provide a crossroad signal.

Fidelity Worldwide Investment1.25 CPD White Paper


Fatal threat to EU project

The Paris terror attacks have severe political, strategic and economic implications. After only one week, the Union moved away from its ideal of free movement of people, and fiscal rules.

Oliver Hartwich, The New Zealand Initiative Opinion


Rising rates - investors can benefit

Many investors are facing a dilemma with the perceived risk embedded in debt markets as Fed lift-off looms. However, reality beckons - rates will rise and investors can benefit.

Tony Crescenzi, PIMCO0.75 CPD Resources


Wicksell and capital misallocation

I am not at all sure that an eventual interest rate increase from the Federal Reserve should be dismissed as an event with little impact in the real world.

Charles Gave, GaveKal Opinion


Tailwinds of terror

If Paris is not an anomaly, and the frequency or magnitude of terrorist attacks against soft targets in G7 cities increases, what will be the geopolitical, economic and investment consequences?

Marko Papic, BCA Research Opinion


Global monetary policy - the view from Down Under

In October, I joined Dr Woody Brock and PIMCO's Fed watcher, Tony Crescenzi, and 18 senior practitioners for a workshop organised by PortfolioConstruction Forum on where global monetary policy was headed. Three key views emerged.

Dr Robert Gay, Fenwick Advisers Opinion


What’s going on in your brain?

We examine four situations where individuals make poor choices and review the research to show where the brain makes those decisions. In each case, we present some ideas about how to overcome the potentially suboptimal choice when it comes to investing.

Michael Mauboussin, Credit Suisse0.75 CPD Research