Monthly Archives: October 2014
Shareholder Value Maximization: The World’s Dumbest Idea?
James Montier, a member of GMO’s asset allocation team, closes the 2014 European Investment Conference with the argument that shareholder value maximization is “a bad idea” and has contributed to major economic and social problems of short-termism and rising inequality. Read More
Thinking Like Your Clients: Goals-Based Performance Analysis
At the 2014 European Investment Conference, Stephen Campisi, CFA, head of institutional thought leadership at US Trust, presented goals-based performance analysis as a radical departure from the usual attribution approach. Read More
Are Currencies a Standalone Asset Class for Investors?
Tarun Ramadorai, professor of finance economics at the Saïd Business School, argues that currencies are increasingly seen as a standalone asset class for investors to consider as they build their portfolios. Read More
What Is Next for Bond Yields?
Steven Major, CFA, global head of fixed-income research at HSBC, explained that a year ago his team was criticised for predicting long term government yields 1% lower than market consensus. He wished he had been wrong, but today, the term premium on long-end US bonds is negative. Read More
Geopolitics and Economics: Markets and Analysts Must Connect the Dots
Geopolitical conflicts are connected to economic pressures, said Philippa Malmgren, president and founder of DRPM Group, at the 2014 European Investment Conference. However, Malmgren argued, financial analysts are largely unable to analyse this connection and financial markets fail to respond. Read More
Keynes the Investor: Lessons to Be Learned
Elroy Dimson, co-director for the Centre for Endowment Asset Management at Cambridge Judge Business School, shares how John Maynard Keynes, widely regarded as a great economist, was also a very successful investor. Read More
Lord Adair Turner: Solutions to the Real Estate Price Boom and Post-Crisis Recession
In his opening keynote address at the 2014 European Investment Conference, Lord Adair Turner, senior fellow at the Institute for New Economic Thinking, spoke about the shortcomings of “too big to fail” and inflation targeting. Read More
What’s Next for China and India?
In a panel discussion at the European Investment Conference, Russell Napier, an independent strategist and co-founder of ERIC, contended that investors should be more optimistic about India than China. Read More
Day 2 Recap from the European Investment Conference
Kate Lander, CFA, head of education at CFA Institute, shares her highlights from Day 2 of the European Investment Conference. Read More
Cheap and Easy Money Poses Financial Stability Risks
Speaking at the European Investment Conference, Paul Mills of the International Monetary Fund said accommodative monetary policy has led to rising asset prices and tighter spreads across fixed income securities. Read More
