Forum Fodder

Forum Fodder | Friday 16 October 2026

“The time for throwing public money around freely has come to an end. It would help if the [macroeconomic] shocks stopped, too. Alas, given our leaders, I would not bet on that.” - Martin Wolf, chief economics commentator at the Financial Times (14 Oct 2026)

All the best for another week’s continuing education!
Graham

Markets

America’s looming debt reckoning
America’s fiscal position is increasingly looking like a train hurtling along a twisting mountain track. The start of a public-debt crisis is usually pretty straightforward. The end is much harder to predict.
Kenneth Rogoff, Harvard University | Read

Strategies | Markets | Investing | Philosophy | As seen at Strategies Summit 2026

The portfolio core is no longer the prize
Portfolio construction is moving beyond asset-class labels and deliberately selecting the exposures that matter most. Many of the most important portfolio decisions are no longer being made in traditional core allocations, but in the targeted exposures investors choose to build around them.
Arelis Agosto, Global X | 0.25 CE | Watch, Listen

Strategies | Markets | Investing | As seen at Strategies Summit 2026

Capturing the macro is the portfolio prize
Traditional strategic allocation frameworks may be too static for a macro backdrop that continues to evolve. Connecting macro signals to portfolio construction helps manage changing risks and opportunities and build portfolios with greater confidence and consistency.
Brian Griggs, Nuveen | 0.50 CE | Watch, Listen

Strategies | Markets | Investing | Philosophy | As seen at Strategies Summit 2026

Structural change demands a different role for active equities
Fundamental active equity allocations should be shorter term, tactical, alpha seeking allocations and/or focused on alpha generating strategies that help to reduce overall portfolio risk.
Tom King, Nanuk Asset Management | 0.25 CE | Watch, Listen

Strategies | Markets

Market Signals: Capital is no longer cheap
The most consequential development in financial markets is becoming the competition for capital. Governments are borrowing heavily, technology companies are raising extraordinary sums. … all while long-term government bond yields are approaching levels not seen in more than two decades.
Nick Schoenmaker, Portfolio Construction Forum | 0.25 CE | Read

Finology | Philosophy | * Premium *

Behavioural Finance: Investment decision-making short course
Led by behavioural finance expert, Herman Brodie, this online, on-demand course completed at your own pace will help you identify, analyse and evaluate the principal human preferences that influence decision-making in situations of uncertainty, so you can recognise and identify these preferences in others, to improve investment decision-making.
Herman Brodie | 8.00 CE (incl 1.00 ethics) | Enrol

Markets

Why is the global economy so resilient?
Despite the rising risks, uncertainties, and large negative supply shocks of the last two years, stock markets and the overall global economy have held up quite well. What explains the global economy’s apparent resilience?
Nouriel Roubini, Macro Associates | Read

Strategies | Markets | Investing | As seen at Strategies Summit 2026

Eyes on the prize! Implementation matters!
This session first considered how practitioners can apply multi-lens analysis via AI to decide their key takeouts and next steps from Strategies Summit 2026. Then, our Practitioner Panel discussed which high conviction thesis they heard at Strategies Summit they would investigate further, why, and how.
Anthea Roberts & Practitioner Panel | 2.00 CE | Watch, Listen

Strategies | Markets | Philosophy | As seen at Strategies Summit 2026

TPA wins the prize in a world of structural change!
Powerful structural forces are reshaping the world as we know it. Capturing the opportunities resulting from structural trends, and managing the risks emerging from them can only be achieved through a Total Portfolio Approach.
Nick White, Mercer | 0.25 CE | Watch, Listen

Strategies | Markets | Investing | Philosophy | As seen at Strategies Summit 2026

Life cycle balanced portfolios thrive in changing markets
The forces of innovation and disruption, and changes in investors’ discount rates, drive significant rotations in markets. A corporate life cycle approach provides a balanced global equity core portfolio that can perform through changing markets.
Chris Parr, Life Cycle Investment Partners | 0.25 CE | Watch, Listen

Strategies | Markets

Bonds cannot do every defensive job
The current regime is defined by a wide distribution of macro outcomes - and the risk that the next drawdown impairs government bonds, the asset expected to cushion portfolios. The solution is not to abandon government bonds, it is to broaden sources of defence and return.
Nick Schoenmaker, Portfolio Construction Forum | 0.50 CE | Read

Markets

After the AI bubble bursts
Just as debt markets fuelled the global financial near meltdown that followed from that crisis, their exposure to AI will drive developments now. The problem is that we possess only very limited public information about those markets.
Barry Eichengreen, University of California | Read

Investing | Finology | Philosophy | As seen at Strategies Summit 2026

There’s both an art and science to being good at being wrong
By understanding the investment behaviours of stock market “maestros”, practitioners can identify highly skilled fund managers and improve their own portfolio construction decisions, better equipping them to deliver the ultimate “prize” for clients - financial wellbeing.
Clare Flynn Levy, Essentia Analytics | 0.75 CE | Watch, Listen, Read

Strategies | Markets | Investing As seen at Strategies Summit 2026

Sports, media and entertainment is too compelling to ignore?
Supported by durable long-term growth trends and a history of low correlation to traditional markets, the full SME opportunity is too compelling for investors to ignore.
Jeevan Sagoo, Ares Management | 0.25 CE | Watch, Listen

Strategies | Investing | As seen at Strategies Summit 2026

Equal-weighting your best ideas wins the compounding prize
Every active portfolio holds two bets: selection, which is measured, and sizing, which is merely asserted. Decades of evidence show naive equal weighting is remarkably hard to beat.
Brian Arcese, Foord Asset Management | 0.50 CE | Watch, Listen

Strategies | Markets

Market Signals: The hurdle rate is moving higher
The market has entered an unusual phase. Growth is still relatively strong. Earnings remain supportive. AI investment remains powerful. The hurdle rate for almost every investment is rising. This is not yet a conventional risk-off environment. It is a repricing of what capital is worth.
Nick Schoenmaker, Portfolio Construction Forum | 0.25 CE | Read

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Forum CIMA CE Library - over 170 CE hours
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Earn CIMA CE hours

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