1. PortfolioConstruction Forum Additional Subscription Fee Service Terms and Conditions: farrelly's Investment Strategy Service

    None

    06-12-09 | More
  2. Global trends 2025: A world transformed

    Understanding key global mega trends is vital when you're constructing portfolios intended for use in 10-15 years. Every four years, the US National Intelligence Council issues a future-looking report about global trends, based on research across all the US intelligence agencies. This report contained the surprising prediction (considering the authors) of the demise of US power and the rise of the East...

    US NIC | 01-10-09 | More
  3. 2009 Conference - Asset Allocation Masterclass Webcast

    Having experienced some of the most difficult market conditions in 50 years over the past 12 months, it was an ideal time to review our asset allocation strategies and how we go about investing for clients. This Masterclass focused on the latest ideas from academia and leading edge practitioners, the lessons we should take away from the GFC experience, and how we should go about formulating our investment strategy going forward? Delegates left this Masterclass with a thorough understanding of some new approaches to asset allocation, how markets should perform in this new environment, and the key things to monitor along the way...

    27-08-09 | More
  4. 2009 Conference - Emerging Markets Masterclass Webcast

    The business, economic and investment landscape of the 21st century will be defined by the Big Rapidly Industrialising Countries, in particular Brazil, Rusia, India and China. Delegates left this Emerging Markets Masterclass with a deeper understanding of the global emerging markets and their growing role in investment portfolios - as well as hearing from the BRIC Ambassadors to Australia on their first joint appearance...

    27-08-09 | More
  5. 2009 Conference - Due Diligence Forum Webcast

    The 6-hour Due Diligence Forum is one of two key components of the annual PortfolioConstruction Conference. The 2009 Due Diligence Forum program featured 24 international and local investment experts presenting presenting pre-approved research papers. This Resources Kit contains those papers, along with presentation slides, podcasts and questions/comments...

    27-08-09 | More
  6. 2009 Conference - Critical Issues Forum Webcast

    The 12-hour Critical Issues Forum is one of two key components of the annual PortfolioConstruction Conference. It is a totally independent, interactive program with a strong focus on implementation. This Resources Kit provides the videos, podcasts and presentation slides from the 2009 program, featuring 10 intensive, interactive sessions and 20 selected international and local portfolio experts...

    27-08-09 | More
  7. 2009 Conference - Webcast

    The 2009 Conference was the first post Global Financial Crisis, and hence the theme was "investing in the new reality". It was a very different investment environment compared to a year prior - some things had changed forever; others only temporarily. Some things had not changed at all. But which was which? What WAS the new reality? And what did it mean for construction investor portfolios? This resources kit features videos, podcasts, papers and presentations from the three-day program featuring 33 quality sessions featuring 36 carefully selected local and international portfolio experts...

    27-08-09 | More
  8. 2009 Critical Issues Forum: My key portfolio construction takeouts for the new reality

    This Critical Issues Forum from PortfolioConstruction Conference 2009 - featuring Tim Farrelly and our six Due Diligence Forum Researchers - ensured delegates determined their key take outs from Conference, and actions to take as a result when building investor portfolios...

    27-08-09 | More
  9. 2009 Critical Issues Forum: Practical risk management in the new reality

    This Critical Issues Forum from PortfolioConstruction Conference 2009 - featuring Greg Cooper of Schroders and James Purvis of Active Portfolios - explored a variety of practical and useful portfolio risk management tools that Practitioners can apply when building investor portfolios...

    27-08-09 | More
  10. 2009 Critical Issues Forum: The cult of equities in the new reality

    This Critical Issues Forum from PortfolioConstruction Conference 2009 - featuring the Rob Arnott of Research Affiliates - argued that the cult of equities is dangerous, that is, we cannot blindly believe in "stocks for the long run". Investors must examine the many out-of-mainstream fixed-income asset classes, some currently offering the same 2.5% long-term historical risk premium of equities but with more diversification and less volatility...

    27-08-09 | More
  11. 2009 Critical Issues Forum: Delevering, deglobalisation and reregulation in the new reality

    This Critical Issues Forum from PortfolioConstruction Conference 2009 - featuring the legendary Bill Gross of PIMCO - argued that despite early signs that some asset classes are beginning to show signs of recovery, any suggestion that asset markets are returning to "normal" must be met with the question "What’s normal?"...

    27-08-09 | More
  12. 2009 Critical Issues Forum: Emerging markets in the new reality

    This Critical Issues Forum from PortfolioConstruction Conference 2009 - featuring London-based Chris Watling of Longview Economics - argued that a key feature of the new, post Global Financial Crisis world is that the structural strength of the global economy now resides in the emerging market economies...

    27-08-09 | More
  13. 2009 Due Diligence Forum: Exchange Traded Funds - a portfolio construction tool for the new reality

    This Due Diligence Forum Research Paper and Presentation from PortfolioConstruction Conference 2009 show how, now that Australian investors are able to gain exposures to a wide range of broad indices using ETFs, they could use ETFs either strategically or tactically to build more efficient international equity portfolios...

    iShares / Barclays Global Investors | 27-08-09 | More
  14. 2009 Due Diligence Forum: Old lessons re-learned for income investors

    This Due Diligence Forum Research Paper and Presentation from PortfolioConstruction Conference 2009 explains that the lesson of 2008 was that "income isn't income" – not all fixed income strategies proved to be defensive, liquid and diversified. This research paper revisits where some fixed income investors went wrong, and shows how to construct genuinely defensive portfolios that focus on delivering the hallmarks of quality fixed income strategies...

    Perpetual | 27-08-09 | More
  15. 2009 Due Diligence Forum: Global income opportunities in the listed small cap sector

    This Due Diligence Forum Research Paper and Presentation from PortfolioConstruction Conference 2009 argues that the disintermediation for capital raising for SME’s has opened up significant investment opportunities for direct lenders. In short, SME’s needs are the same as medium- to large-sized enterprises but access to capital is not the same, thus producing an environment where investors can cherry pick their deal prospects...

    Trafalgar Capital Advisors | 27-08-09 | More
  16. 2009 Due Diligence Forum: What the future holds for listed property

    This Due Diligence Forum Research Paper and Presentation from PortfolioConstruction Conference 2009 argues that, in harsh terms, there has been a Darwinian like clean out of bad ideas and poor execution for REITs and investors alike, and examines how the REIT industry disappointed investors, and the long term merits of the sector...

    Resolution Capital / Pinnacle | 27-08-09 | More
  17. 2009 Due Diligence Forum: Australian residential property - investing on solid ground

    This Due Diligence Forum Research Paper and Presentation from PortfolioConstruction Conference 2009 shows that over a 20-year period, residential property has produced above average total returns compared to other asset classes, and with lower volatility than Australian shares. This research paper argues the benefits available for investors of including residential property in a diversified portfolio...

    Ironstone Funds | 27-08-09 | More
  18. 2009 Due Diligence Forum: Why invest in Asia?

    This Due Diligence Forum Research Paper and Presentation from PortfolioConstruction Conference 2009 explores the changes in Asia over the last 10 years and factors likely to affect prospects for the Asian region over the coming years, and gives insights needed to re-evaluate the investment opportunities in this region...

    Fidelity International | 27-08-09 | More
  19. 2009 Due Diligence Forum: The future role of active extension in Australia

    This Due Diligence Forum Research Paper and Presentation from PortfolioConstruction Conference 2009 argue that active extension remains the most efficient structure to deliver alpha in the Australian equity market and that the most significant impediment to capturing returns from any investment process remains the long only constraint...

    Grant Samuel Tribeca | 27-08-09 | More
  20. 2009 Due Diligence Forum: Positioning portfolios in a deleveraging world

    This Due Diligence Forum Research Paper and Presentation from PortfolioConstruction Conference 2009 seek to discuss the challenge deleveraging presents to the level of economic growth in most developed countries over the next 15 years, and how to position portfolios in light of it...

    Magellan Asset Management | 27-08-09 | More
  21. 2009 Due Diligence Forum: Global investing – a paradigm shift in market leadership

    This Due Diligence Forum Research Paper and Presentation from PortfolioConstruction Conference 2009 argue that if current predictions hold, a more balanced and even multi-polar world could emerge in which certain developing nations, such as China and India, influence the nature of investment returns far more than they ever had in the past...

    Capital International / Pinnacle | 27-08-09 | More
  22. 2009 Due Diligence Forum: Overcoming the shortfalls of the traditional approach to investing in hedge funds

    This Due Diligence Forum Research Paper and Presentation from PortfolioConstruction Conference 2009 argue that the prospect for hedge fund returns has never been better. However, resolving the structural flaws of hedge funds will be one important step forward in the chase for higher, more stable returns...

    Jana / nabInvest | 27-08-09 | More
  23. 2009 Due Diligence Forum: Why does capital protection have to be so hard

    This Due Diligence Forum Research Paper and Presentation from PortfolioConstruction Conference 2009 examine forms of capital protection and assess the risks and benefits of each, and why this will be key to building portfolios using a core plus satellite approach...

    Alpha Structured Investments | 27-08-09 | More
  24. 2009 Critical Issues Forum: Gloom, boom & doom in the new reality

    This Critical Issues Forum from PortfolioConstruction Conference 2009 - featuring Hong-Kong-based Dr Marc Faber - argued that post Global Financial Crisis recession-busting policy measures may aggravate and prolong the problem, and that the recession will deepen...

    26-08-09 | More
  25. 2009 Critical Issues Forum: Asset allocation in the new reality

    This Critical Issues Forum from PortfolioConstruction Conference 2009 - featuring London-based the Hon. Dr Pippa Malmgren - argued that the post Global Financial Crisis reality requires that we approach asset allocation with a clean sheet of paper...

    26-08-09 | More
  26. 2009 Critical Issues Forum: Active investing in the new reality

    This Critical Issues Forum from PortfolioConstruction Conference 2009 - featuring Dr Peter Rathjens of Arrowstreet Capital - reviewed the conceptual underpinnings of active asset management and the implementations and pitfalls in the post Global Financial Crisis environment...

    26-08-09 | More
  27. 2009 Critical Issues Forum: The economy in the new reality

    This Critical Issues Forum from PortfolioConstruction Conference 2009 - featuring Jonathan Pain of HFA Asset Management, Hamish Douglass of Magellan Financial Group and Chris Watling of Longview Economics - debated the likely shape of the global economic recovery, and the implications for markets and portfolios...

    26-08-09 | More
  28. 2009 Due Diligence Forum: Alternative strategies within Australian equities

    This Due Diligence Forum Research Paper and Presentation from PortfolioConstruction Conference 2009 examines the changing parameters in the new social order as a consequence of the global financial crisis, and the implications for global markets and, by extension, Australian equities...

    SG Hiscock / EQT | 26-08-09 | More
  29. 2009 Due Diligence Forum: Secular growth in emerging markets and how to access it

    This Due Diligence Forum Research Paper and Presentation from PortfolioConstruction Conference 2009 identifies the secular trends found in stronger emerging markets and how to access it, and presents data showing that the turbulence of the past year has created an appropriate environment to adopt a less constrained approach to global equities investing...

    T.Rowe Price | 26-08-09 | More
  30. 2009 Due Diligence Forum: Global equity investing – keeping it simple in a complex world

    This Due Diligence Forum Research Paper and Presentation from PortfolioConstruction Conference 2009 argues that there is no need to change your investment approach in a post bubble world, and that the basics of sound long-term investing remain unchanged...

    Aberdeen Asset Management | 26-08-09 | More
  31. 2009 Due Diligence Forum: Equity investing for regular, high income with low volatility

    This Due Diligence Forum Research Paper and Presentation from PortfolioConstruction Conference 2009 examines how, in the wake of the failure of so-called conservative and high yielding products, the focus on how equity income funds can offer consistent and stable income at volatility levels substantially lower than the market...

    Denning Pryce / Zurich | 26-08-09 | More
  32. 2009 Due Diligence Forum: Global listed infrastructure - the best defence is a good offence

    This Due Diligence Forum Research Paper and Presentation from PortfolioConstruction Conference 2009 presents evidence from recessions since the early 1970s to highlight the relative strength of infrastructure as an asset class and the pace at which earnings can rebound...

    Colonial First State | 26-08-09 | More
  33. 2009 Due Diligence Forum: The changing nature of fixed interest funds

    This Due Diligence Forum Research Paper and Presentation from PortfolioConstruction Conference 2009 explain that the effect of governments stepping back into the bond market to fund their ballooning deficits will be to produce a marked change in the risk profile of bond funds in regards to potential default risk and where they are likely to source future alpha...

    Tyndall Investments | 26-08-09 | More
  34. 2009 Due Diligence Forum: Investing across the capital structure

    This Due Diligence Forum Research Paper and Presentation from PortfolioConstruction Conference 2009 explore the range of opportunities across the capital structure that have a legitimate role to play in a well constructed portfolio. It discusses portfolio construction considerations, and explores the implementation of these ideas using as an example, traditional and unconstrained balanced funds...

    Schroders | 26-08-09 | More
  35. 2009 Due Diligence Forum: SRA - the missing piece in the puzzle

    This Due Diligence Forum Research Paper and Presentation from PortfolioConstruction Conference 2009 argue that investors should not let the level of portfolio risk automatically determine portfolio allocations, as is the case with Strategic Asset Allocation, but rather that portfolio allocations should have regard for the risk and liquidity requirements of the investor...

    Investment Science | 26-08-09 | More
  36. 2009 Due Diligence Forum: The case for a flexible approach to asset allocation

    This Due Diligence Forum Research Paper and Presentation from PortfolioConstruction Conference 2009 highlight some flaws in the conventional approach to asset allocation and explain why a more flexible approach is appropriate for many investors, particularly in the challenging investment environment expected to continue in coming years...

    Select Asset Management | 26-08-09 | More
  37. 2009 Due Diligence Forum: Strategic tilting – guidelines for use in portfolios

    This Due Diligence Forum Research Paper and Presentation from PortfolioConstruction Conference 2009 shows how and when strategic tilting can be used to temporarily adjust or tilt a portfolio’s risk exposure from its long-term default strategic asset allocation...

    Russell Investments | 26-08-09 | More
  38. 2009 Due Diligence Forum: Investing in commodities for a diversified portfolio

    This Due Diligence Forum Research Paper and Presentation from PortfolioConstruction Conference 2009 review the key reasons for investing in commodities and illustrate how institutional investors are employing commodity-related investments in portfolios...

    Barclays Capital | 26-08-09 | More
  39. 2009 Due Diligence Forum: Why has it taken another crisis to recognise the benefits of managed futures?

    This Due Diligence Forum Research Paper and Presentation from PortfolioConstruction Conference 2009 outline the nature of investing in managed futures, and analyse the dynamic investment exposures within managed futures and how this contributes to risk-adjusted returns, before testing a portfolio allocation to managed futures...

    Man Investments | 26-08-09 | More
  40. The tide goes out for hedge funds

    Despite an appalling 2008, the hedge fund industry spin continues, with managers comparing hedge fund returns to equity market performance. But what if we make a sensible comparison – against diversified funds? With the tide now out, the myths are laid bare...

    Tim Farrelly | 18-03-09 | More
  41. The road(s) to recovery

    The following is an introductory review and synopsis of recent commentary on the Global Financial Crisis. What are the possible "road(s) to recovery"? And, what are the sign posts? What are the implications for portfolios, and how do we communicate them to investors?

    Graham Rich | 17-02-09 | More