Rapid technological innovation, affordable communication, and demographic shifts are reshaping the world. The traditional country/regional approach to asset allocation is not optimal for capturing these new opportunities.

Data overfitting is a well known problem and one would expect clever statisticians and scientists not to succumb to its temptations. But "meta-overfitting" may be endemic in finance.

Tracking error constraints on active management focus on short-term outcomes and don't align with most investor goals, which are longer term. A low tracking error portfolio can often lead to an unfavourable outcome for end investors.

SMSF portfolios appear inefficient – creating an opportunity to either increase returns for the current level of risk or reduce risk for the existing return.

Managing the fundamental friction between short-term and long-term investing imperatives is a key challenge when building portfolios. This Backgrounder explores some of the key concepts and debates.

In portfolios with international exposure, there are times when currency returns dominate overall performance. This paper analyses the currency hedge decision from the perspective of an Australian investor with international exposure.

In Fodder NZ this week - Two faces of globalisation, great investors, and 400 years of investing.

In Fodder this week - Two faces of globalisation, great investors, and 400 years of investing.

The world of investing and business has seen a great deal of change in the past 30 years. Investors face a slew of psychological challenges. Here are the 10 attributes I believe to be the hallmark of a great investor.

In Fodder this week - Tim Farrelly, Michael Kitces, Nouriel Roubini, Bill O'Grady, and Invesco Perpetual.

In Fodder this week - Tim Farrelly, Michael Kitces, Nouriel Roubini, Bill O'Grady, and Invesco Perpetual.

In Fodder NZ this week - Globalisation and populism, Populism, Brexit and Trump, Trump and investment

In Fodder this week - Globalisation and populism, Populism, Brexit and Trump, Trump and investment

Populism in developed countries is real, but there are meaningful differences between the UK and US stories that are important to keep in mind in the run-up to US Presidential election.

New research has found that teams of three portfolio managers deliver higher gains, adjusted for risk, than funds managed by a single individual or by teams of other sizes.

In Fodder this week - A hard Brexit, more on withdrawal rates, and Magellan turns 10!

In Fodder NZ this week - A hard Brexit, more on withdrawal rates, and Magellan turns 10!

Alphabet soup, retirement income strategy, long-term returns. Fodder is back to being a mixed bag this week with Tim Farrelly, Woody Brock, Michael Kitces, and Bevan Graham.

Alphabet soup, retirement income strategy, long-term returns. Fodder NZ is back to being a mixed bag this week with Tim Farrelly, Woody Brock, Michael Kitces, and Bevan Graham.

In Fodder this week - Brexit (of course!) with articles from Oliver Hartiwch, Marko Papic, Niall Ferguson, and Christopher Granville. Plus registration is now open for Conference 2016.