Investors often shy from investing in “non-traditional” sources of Risk Premia, but to maximise the probability of achieving positive excess returns, a well-diversified and risk-controlled mix of Risk Premium strategies is essential.

Ensuring your investment process incorporates sustainability factors - climate change, global food shortages, water shortages, and poverty, as well as safety, management and governance scandals - adds up to better outcomes.

Two assumptions are under challenge - that the past offers a reliable guide to the future in terms of asset class returns; and, that traditional relative risk/return approaches can still deliver the returns investors need.

The outcome of selecting an active management strategy will likely be greater when both the creativity and predictability of the candidate are considered in equal measure.

With US unemployment at a 15-year low, the US Federal Reserve has greater scope to begin shrinking its balance sheet. Investors should set aside their fears, and remember that the Fed’s balance sheet provides little indication about what will happen to longer term interest rates.

Two recent studies shed light on retirement income planning. One proposes a framework to avoid the pitfalls of shortfall probabilities. The other finds biological age impacts spending rates.

PortfolioConstruction Forum Strategies Conference 2017 features 25+ intensive, objective, interactive sessions and 35+ carefully selected international and local portfolio construction experts debating their best ideas on contemporary and emerging portfolio construction strategies, in the context of the theme "It all adds up!"

Culture is at the heart of competitive advantage today; this is particularly the case for investment firms where people and their judgments are the chief assets. A strong culture in investment management firms is a requirement for sustainable alpha-generation.

This week, we feature Dr Woody Brock, Nouriel Roubini issues Trump a mixed first six months report card, Michael Kitces reviews how to work out the "right" discount rate to use to compare investment strategies. Michael Furey explains the four stages of investment analysis, and Mugunthan Siva argues why active and passive investing can be friends.

This week, we feature Dr Woody Brock, Nouriel Roubini issues Trump a mixed first six months report card, Michael Kitces reviews how to work out the "right" discount rate to use to compare investment strategies. Michael Furey explains the four stages of investment analysis, and Mugunthan Siva argues why active and passive investing can be friends.

Using a Stage 4 investment analysis framework is a strong move towards a deeper understanding of portfolio risk drivers, and ensuring portfolios better reflect your investment philosophy.

Having grown strongly over the last 20 years, a new study shows infrastructure investment will continue over the next two decades. It is a secular trend with long-term opportunities.

The growing belief that the US has entered an era of permanently low economic growth, due in large measure to an alleged 50% reduction in productivity growth, is wrong. Both real growth and productivity growth have been strong, not weak.

When it comes to the active versus passive investment debate, many investors believe the answer is black or white. But the issue is deeper than that.

While the use of a discount rate to compare strategies or choices that are dispersed or occur over time is useful, the proper discount rate is the investor's expected rate of return, means that the "right" discount rate will vary from one person to the next.

The Conexus Best Practice Forum (08 Aug 2017) has been assessed and accredited by Portfolio Construction Forum for Forum CE hours. Delegates must attest their attendance in order to receive CE acceditation.

After six months, we can more confidently assess the prospects for the US economy under Trump's administration. Like his presidency, paradoxes abound.

This Due Diligence Forum Research Paper, presented at the 2011 PortfolioConstruction Forum Conference, proposes an asset allocation approach that makes more complete use of information available about the future, forcing consideration of different time frames, alternate outcomes, and tail risk...

In Fodder this week - Inflation, Roach on China's resilience, market anomalies & irrationality, Farrelly on ASIC on hybrids

In Fodder this week - Inflation, Roach on China's resilience, market anomalies & irrationality, Farrelly on ASIC on hybrids