Perspectives

Form follows function (org structure and investment results)

New research has found that teams of three portfolio managers deliver higher gains, adjusted for risk, than funds managed by a single individual or by teams of other sizes.

Michael Mauboussin, Credit Suisse White Paper

Perspectives

Magellan: acorn to oak tree in 10 years

It's 10 years since the Forum's publisher, Graham Rich, interviewed Hamish Douglass and Chris Mackay as the firm launched the now behemoth Magellan Global Fund.

Hamish Douglass, Magellan Financial Group Opinion

Perspectives

Britain heads for a "hard" Brexit

With Remainers now accepting the argument that Britain should keep Europeans out, the UK is headed for a "hard" Brexit - not just from the Union, but from Europe's single market. It will cost the country dearly.

Kevin O’Rourke, University of Oxford Opinion

Perspectives

Inverted withdrawal rate approach

Decumulation requires a tradeoff between preserving capital and obtaining income. A very simple "inverted withdraw rate" approach may be a better approach than the traditional 4% rule.

John Walton, University of Texas0.50 CE White Paper

Symposium

Reach goals despite -ve rates

Investors are slowly awakening to the threat that negative interest rates globally pose to their goals. Diversified funds need a higher mix of growth assets, and TAA should be applied.

Paul Richardson, Mint Asset Management0.50 CE 1 commentResources

Symposium

Ride the cycle but structural weakness will come to matter more

Investors need to be wary that without much needed reform, structural weaknesses in many advanced and developing economies will be the ultimate determinant of longer-term returns.

Bevan Graham, AMP Capital NZ0.50 CE 1 commentResources

Perspectives

A comment on BREXIT

The reality is that Brexit will hurt everyone involved more than was admitted during the campaign. Investors should expect heightened volatility, not only of stocks, but even of government bonds.

Dr Woody Brock, SED Opinion

Perspectives

How do you measure which retirement income strategy is best?

The "best" retirement income strategy may be very different depending on whether you measure based on wealth, spending, probabilities of success, magnitudes of failure, or utility functions that weigh both the upside and downside risks.

Michael Kitces, Pinnacle Advisory Group 1 commentResearch

Perspectives

QE and ZIRP have introduced massive distortions?

QE has caused massive investment distortions. Ditto the ZIRP and NIRP policies of many central banks. Beware - the chickens are coming home to roost! It seems plausible, but...

Tim Farrelly, farrelly's Opinion

Perspectives

US elections have been good for long-term investors

As the battle for the White House heats up, candidates are drawing attention to the challenges facing the nation. But whatever the outcome of the upcoming US Presidential election, we believe the impact on markets will be about the same.

Capital Group Opinion