Forum Fodder 14 December 2018

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Portfolio Construction Forum

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Friday 27 April 201

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continuing education, accreditation & certification

	Forum Fodder \| Friday 14 December 2018 If a man neglects education, he walks lame to the end of his life. - Plato All the best for another week's continuing education! - Graham
LATEST CE...
	Markets Silent inflation An inflation target of a few percentage points may seem to promote stability - but we need to consider that it may have the opposite effect on the stability of our judgments. Robert J. Shiller, Yale University \| More
	Markets What exactly is a balanced fund? Investors are entitled to believe that the industry has standards so that they can compare like with like - but obviously that's not the case. Tim Farrelly, farrelly's \| 2 comments \| More
	Philosophy \| Markets Are markets efficient? This view has dominated finance theory for the last 50 years or so. But prices change because people trade, and those trades leave behind a trace of all the behavioural biases people bring. Jean-Philippe Bouchaud, Capital Fund Management \| 1.00 CE \| More
	Investing Good governance is a strong amplifier of small cap performance Many of Australia's small companies are potential future leaders. A sharp focus on corporate governance can assist in identifying those high quality, sustainable businesses that can last the distance. Michelle Lopez, Aberdeen Standard Investments \| 0.50 CE \| More
	Investing ABS are now more "Moneyball" than "Big Short" Global Asset Back Securities were directly tested and survived the challenges of 2008. In this rising rate environment, they are well placed to help "future-proof" portfolios. Richard Quin, Bentham Asset Management \| 0.25 CE \| More
	Markets Markets Summit 2019 - The heat is on! Tue 19 Feb 2019 \| 7.5 to 11.5 CE hrs A decade on from the GFC, global equity and bond markets are once again smouldering! Markets Summit is THE investment markets scene setter of the year. Featuring a Faculty of 20+ leading investment thinkers from around the world, it will help you better understand the key drivers of and outlook for the markets (geopolitical, economic and asset class), and the opportunities and risks ahead, on a three- to five-year view, to aid your search for return and in building better quality investor portfolios. Register now!
	Finology Finology Summit 2019 - Investing beliefs, biases & behaviours Wed-Thu 20-21 February 2019, Sydney \| 13 to 19 CE hrs Finology Summit is THE behavioural finance ("fin") and investment psychology ("ology") program of the year. Featuring an exceptional faculty of experts, it will help you better understand how your own and other people's different beliefs, biases and behaviours around investing impact on investment markets - and influence portfolio construction philosophy and practices - to help you build better quality investor portfolios. Register now!
	Re: What exactly is a balanced fund? In SA, our Balanced ( Reg 28 ) Funds are risk profiled into Low, Medium and High risk which makes sense as they are suitable as stand alone investments... Peter Urbani, KnowRisk Consulting \| More
	The long game for industry super funds In addition to resisting competition, and attacking SMSFs via franking credit removal, industry funds scamming the comparative performance figures is just part of their long game... Steve Blizard, Roxburgh Securities \| More
RECENT CE...
	Markets The global economy's three games Chess masters can play simultaneously against several players. US President Trump's international economic strategy looks like such a match. The problem is that it is still not clear in which game Trump intends to score a victory. Jean Pisani-Ferry, Hertie School of Governance \| More
	Markets Speed kills - the US economy must slow down The US economy needs to slow down. The key question is what causes it to slow and which markets fishtail as a result. It is time to be very careful with portfolios. Brett Gillespie, Ellerston Capital \| More
	Markets Cyber conflict is a threat (to future-proof portfolios) In the cyber world today, we are somewhere around World War I. There are more than 30 nations with effective cyber forces. Practitioners need to understand the threat cyber weapons pose to markets and investments. David Sanger, The New York Times \| 1.00 CE \| More
	Markets \| Strategies Past performance is not indicative of future performance The familiar phrase “Past performance is not indicative of future performance” is so common we almost ignore it, but it goes to the heart of how to view and manage risk and return to future-proof portfolios. Marc Seidner, PIMCO \| 0.50 CE \| More
	Strategies Foreign currency should be treated as a complex asset class Investors should treat foreign currency as an asset class in its own right, considering both short- and long-term currency risks, as well as where the best return opportunities lie. Olivia Engel, State Street Global Advisors \| 0.50 CE \| More
	Are financial crises unpreventable? This speaker is comparing apples with rocks! There is no doubt a balance between market and legislative controls are needed, but this presentation was a complete bias joke!... Craig Offenhauser, Charter Pacific Securities \| More
	Markets The global impact of a Chinese recession When China finally has its inevitable growth recession, the world is likely to discover that China's economy matters even more than most people thought. Kenneth Rogoff, Harvard University \| More
	Philosophy \| Markets Ideal money Buffett called Bitcoin rat poison squared, Schiller called it a financial bubble. We disagree. Bitcoin is perhaps the most important financial innovation ever. And it is one step closer to "ideal money". Economics Team, Payden & Rygel \| More
	Strategies \| Investing Human + machine in investing is better than either in isolation To future proof portfolios, you need human skill and judgment to distinguish between the purely random and real investment insights. This is the power of combining machines and humans. Nick Thomas-Peter, Winton Group \| 0.50 CE \| More
	Investing Research Review: The investment behaviour of hedge funds Two recent papers looking at hedge funds provide further evidence that the more proactive managers are the best performers. Ron Bird, University of Technology Sydney \| 1.00 CE \| More
	Finology Building future-proof portfolios requires emotional agility The future is, by definition, uncertain, as are financial markets. To prosper in such an environment, we need to be emotionally agile in order to align our values and actions and, in turn, help investors achieve their financial goals. Susan David, Harvard Medical School \| 0.75 CE \| More
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