This paper and presentation argue that starting period equity valuations impact not just medium-term equity returns, but medium-term equity volatility and bond-equity correlations also.

This paper and presentation argue against the use of debt-weighted benchmarks for global bond managers, in favour of a better approach to setting an appropriate benchmark.

This paper and presentation argue that understanding what is going on under the bonnet at central banks is key to understanding what will drive markets, and how best to position portfolios.

Using risk factors in evaluating investments in the portfolio construction process can provide valuable information about the true drivers of performance.

There's some evidence that some managers can add (relatively) consistent value net of costs. Can we (or anyone) identify them?

Are the human and organisational barriers to being better investors insurmountable, or can we learn and improve our decision-making?

Typically, MPT has focused solely on how to invest within classes, not amongst them. But MPT continues to evolve.

Recorded at the recent Symposium 2014, this session examined the truth as to whether regulation makes markets more efficient or causes markets to produce lower returns.

In the wake of the GFC, the public's belief in the free market has taken a battering. But for all its flaws, capitalism remains the best way of creating prosperity.

This paper and presentation provide an introduction to the risk tolerance paradox, exploring the main reason it exists, and introducing risk management strategies that seek to solve the problem.

This paper and presentation argue that there are real sign-posts that clearly suggest that the US is off its knees and ready to surprise the world on the upside, with significant implications for markets and portfolios.

This paper and presentation argue that the bond market can offer compensation against rising rates through roll down and active management of forwards.

Central banks must complete the Great Unwind – removing ultra-easy monetary policies. The critical period for markets will come when the Fed lifts short-term rates (probably, but not necessarily, after tapering ends).

The majority of the world will see an improvement in economic growth this year. While equities remain the most attractive asset class, they will need a more nimble approach.

Graham Rich opened Symposium 2014 in his usual thought-provoking (and entertaining) way, highlighting key issues to consider over the jam-packed, marathon program.

Whatever return forecasts you make will be wrong - so you better have a portfolio that has the opportunity to make money in a very broad spectrum of investment outcomes.

Valuation is not just an important driver of investment returns but also of investment volatility.

Divorcing your debt benchmark and adopting more unconstrained approach to debt investing and offering degrees of freedom to the portfolio manager is the new "core".

Normal is not our experience - today's world is different from anything in the history of human capitalism. The Aquarium Theory of Investing is one way to gain perspective.

Our Markets Summit faculty debated two critical issues arising from Unconventional Monetary Policy; for the coming two to three years, to substantially overweight DM vs EM Equities in portfolios and substantially overweight Short vs Long Duration Bonds.