Investing is supposed to be about the incremental replacement of human capital with financial capital over the long term. But today's environment and our behavioural biases conspire against such a pure case.

Rather than adopting a set-and-forget approach, long-term investors should be engaged asset owners and take a broader perspective on risk, in order to achieve sustainable investment returns.

Rising liabilities and low expected returns are driving a greater focus on outcome-based strategies and factor investing.

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.

Everybody is an Australian equities expert, understandably so for those who live in Australia. But the X factor in Australian equities portfolios is concentration risk.

By definition, Black Swans are unknowable - they should surprise us. But here are 10 "gray swans" complicating the outlook for markets and portfolio construction.

Symposium facilitates featured a stellar line up of 20 international and local experts - including special guest keynote, Professor Niall Ferguson, PhD, internationally renowned economic and financial historian - offering their expert, high conviction ideas to help build better quality investor portfolios.

One of the most important decisions facing retirees is working out how much can be “safely” spent without the risk of exhausting capital. This session reviewed the different approaches to create a formal, written spending policy.

Presented in a format that incorporates a game, this workshop explored the risk factors that drive retirement portfolio outcomes.

Risk profiling is entirely broken. The key to understanding clients is in analysing their actions, not their words, or answers to a risk questionnaire.

India’s demographic dividend creates a significant market opportunity for corporates operating within the ecosystem. But size really does matter, leading to the potential for unparalleled revenue growth.

Central bankers successfully tamed inflation in the late 1980s and early 1990s. Persistently low inflation is the new problem. With markets complacent about the inflation outlook, signs of inflation could create a scare.

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.

The currency exposure embedded in foreign equity portfolios exposes portfolios to a great deal of noise. Used productively, the opportunity it represents can be captured as the ultimate "alternative asset".

US private market home loans – income producing, low credit risk, low volatility assets that can generate a stable flow of monthly income - are one of many opportunities to consider for portfolios.

It's a sad fact that not everyone adjusts well to retirement. It's estimated that about one third of retirees have problems adapting after leaving full time work. So why do some people fail to adapt? A Dynamic Resource Model provides a potential solution.

Each panelist outlined the high conviction idea they agreed with most from the prior day, and the portfolio construction implications. Then delegates worked in tables to determine the same.

Our Symposium 2016 Faculty debated two high conviction ideas from the first day's program - firstly, the idea that delegates agreed with most and then, the idea delegates disagreed with most.

While record low interest rates worldwide (negative in many countries) mean low returns on government bonds, it doesn't necessarily mean low returns across the board. This is not a time to be fearful.

The EU has been in crisis for many years. But if you thought it could not get worse for Europe, you ain't seen nothing yet! 2016 might well signify the end of Europe's process of integration.