1. Meet the Manager: Dushko Bajic

    Dushko Bajic, portfolio manager with Australian equities manager, Orion Asset Management, discusses the risk-on, risk-off trades that are rolling through the market, which stocks offer the best prospects, and the "expensive defensives" best avoided...

    By PortfolioConstruction Forum | 10-11-11 | More
  2. Academy Spring Seminar 2011 - Resources Kit

    This Academy Seminar debates the following three topics in a Socratic learning environment: Investment fables - part 1; Scenarios and their investment implications - part 2; and, Hot topic: Greece is the word - but what are the investment implications?

    04-11-11 | More
  3. 2011 Conference: CIF - The Arab Spring (Jonathan Pain)

    In this closing keynote Critical Issues Forum session at the 2011 PortfolioConstruction Forum Conference, Jonathan Pain looks at the where the Middle East is heading in the years to come, and the investment implications...

    Jonathan Pain | 23-09-11 | 4 comments | More
  4. 2011 Conference: CIF - Key Takeouts (Tim Farrelly & Chris Watling)

    The 2011 Portfolio Construction Forum Conference helped delegates better understand the key macro AND micro issues and what they mean for investor portfolios, to help them successfully navigate through the woods AND the trees. In this final Critical Issues Forum session, selected PortfolioConstruction Forum Academy members, Longview's Chris Watling and Tim Farrelly, principal of farrelly's Investment Strategy, give their key takeouts from the two-day program...

    Tim Farrelly & Chris Watling | 23-09-11 | More
  5. 2011 Conference: CIF - Implementing EM exposures - part 1 (Jim O'Neill)

    In this first half of this Critical Issues Forum session at the 2011 PortfolioConstruction Forum Conference, Jim O'Neill - inventor of the BRIC concept and acronym - gave an exclusive update on his view of the BRIC economies and the emergence of other growth economies...

    Jim O'Neill | 23-09-11 | More
  6. 2011 Conference: CIF - Implementing EM exposures - part 2 (Amanda Gillespie)

    In this Critical Issues Forum session at the 2011 PortfolioConstruction Forum Conference, Amanda Gillespie, of fund research house Lonsec, provides a practical guide to integrating EM exposures in portfolios, including whether an active or passive approach is best, and what type of exposure is appropriate for different investors...

    Amanda Gillespie, Lonsec | 23-09-11 | More
  7. 2011 Conference: CIF - The debt component of portfolios (Tim Farrelly)

    The debt side of portfolios used to be the easy part of portfolio construction, but not these days. In this Critical Issues Forum session at the 2011 PortfolioConstruction Forum Conference, Tim Farrelly outlines a systematic and practical process for constructing the debt side of portfolios and shows how considerable value can be added and demonstrated clearly to investors...

    Tim Farrelly | 23-09-11 | More
  8. 2011 Conference: CIF - Global debt & equities (Michael Hasenstab and Chris Watling)

    In this Critical Issues Forum session at the 2011 PortfolioConstruction Forum Conference, Dr Michael Hasenstab looks at how monetary policy and geopolitical events are impacting the challenges and opportunities facing global bond investors. Chris Watling then argues we're in a long-term, secular equities bear cycle, and what that means for equities investing...

    Michael Hasenstab & Chris Watling | 23-09-11 | 1 comment | More
  9. 2011 Conference: CIF - Is China politically and socially sustainable? (Linda Jakobson)

    Why China's leaders will struggle to maintain economic growth (the main source of Communist Party legitimacy) while managing the growing expectations of its population...

    Linda Jakobson | 22-09-11 | More
  10. 2011 Conference: CIF - The woods AND the trees (Niall Ferguson)

    Harvard Business School's Dr Niall Ferguson of "The Ascent of Money" fame, discusses what he believes lies ahead - the key macro AND micro issues and what they mean for investor portfolios - to successfully navigate through the woods AND the trees...

    Niall Ferguson | 22-09-11 | More
  11. 2011 Conference: CIF - Authentic alpha (Peter Elston & Scott Bennett)

    In this Critical Issues Forum session at the 2011 PortfolioConstruction Forum Conference, Peter Elston looks at to the appropriate use of active share to measure how active an active fund manager REALLY is, before Scott Bennett re-visits the case for active management and the characteristics that can help discern skill from luck...

    Peter Elston & Scott Bennett | 22-09-11 | More
  12. 2011 Conference: CIF - Better beta (Del Stafford & Scott Burns)

    In this Critical Issues Forum session at the 2011 PortfolioConstruction Forum Conference, Del Stafford highlights highlights the current and emerging applications of ETFs in portfolios. Scott Burns discusses the intricacies of ETFs as they move farther away from the ETFs that typify the Australian ETF landscape...

    Del Stafford & Scott Burns | 22-09-11 | More
  13. 2011 Conference: CIF - The woods AND the trees (Dr Woody Brock & Expert Panel)

    Dr Woody Brock, Alan Brown (Schroders), Gregor Andrade (AQR Capital), Hamish Douglass (Magellan), Chris Selth (Five Oceans) and Chris Watling (Longview), discuss the key macro and micro issues we cannot of afford to lose sight of when constructing portfolios...

    Woody Brock | 21-09-11 | 3 comments | More
  14. 2011 Conference: DDF - Constructing an alternatives portfolio (Nicole Connolly)

    This Due Diligence Forum Research Paper, presented at the 2011 PortfolioConstruction Forum Conference, provides a definition of the alternatives category and a logical framework to appreciate the characteristics of these investments, and guidance as to appropriate weightings in a diversified portfolio...

    Russell Investments | 11-09-11 | More
  15. 2011 Conference: DDF - Infrastructure investing through the macro cycle (Nick Langley)

    This Due Diligence Forum Research Paper, presented at the 2011 PortfolioConstruction Forum Conference, argues that key attributes of infrastructure assets have led to its inclusion within portfolios and that while infrastructure can be considered separate asset class, there is a clear link to the economy...

    Nick Langley | 11-09-11 | More
  16. 2011 Conference: DDF - Concentrated funds - too active and risky? (R Hook, R Tucker)

    How to define a concentrated fund and identify whether or not it is really active, whether volatility is bad - and why the focus of risk should be heavily weighted to idiosyncratic risk...

    11-09-11 | More
  17. 2011 Conference: DDF - The prophecy of property (Dr Frank Wolf)

    This Due Diligence Forum Research Paper, presented at the 2011 PortfolioConstruction Forum Conference, analyses the various methods and strategies which can be used to deliver outperformance in any commercial property...

    Abacus Property Group | 11-09-11 | More
  18. 2011 Conference: DDF - Investing in small caps - why the macro view is important (Michael Besley)

    The world has changed – no longer can you generate big returns in small caps from simple bottom up stock picking. This Due Diligence Forum Research Paper, presented at the 2011 PortfolioConstruction Forum Conference, argues that small cap managers must address today’s macro issues to generate tomorrow’s growth...

    Ellerston Capital / Zurich | 11-09-11 | More
  19. 2011 Conference: DDF - Global vs domestic fixed income - does it pay to go o'seas? (Vivek Prabhu)

    This Due Diligence Forum Research Paper, presented at the 2011 PortfolioConstruction Forum Conference, looks at a number of factors that must be considered when looking at offshore credit and fixed income investing...

    Perpetual | 11-09-11 | More
  20. 2011 Conference: DDF - Downside protection - using hybrid infrastructure portfolios (Greg Maclean)

    This Due Diligence Forum Research Paper, presented at the 2011 PortfolioConstruction Forum Conference, argues that consideration should be given to adding downside protection qualities to a portfolio via an investment in a hybrid of listed and unlisted infrastructure...

    AMP Capital Investors | 11-09-11 | More
  21. 2011 Conference: DDF - The equities piece of the post-retirement puzzle (Rudi Minbatiwala)

    This Due Diligence Forum Research Paper, presented at the 2011 PortfolioConstruction Forum Conference, explores the three most common post-retirement issues and argues that an equities allocation can be modified to provide a better balance than alternative strategies that just focus on high yielding stocks to arrive at a strategy better-suited to today’s retirees...

    Colonial First State | 11-09-11 | More
  22. 2011 Conference: DDF - How to sensibly move away from the cash crutch (Greg Cooper)

    The allure of high cash deposit rates against current low inflation is strong - however, on a longer-term view, cash is unlikely to meet client requirements. This Due Diligence Forum Research Paper, presented at the 2011 PortfolioConstruction Forum Conference, discusses how to actively manage the trade-off between the risk and return of different asset classes in an uncertain economic environment...

    Schroders | 11-09-11 | More
  23. 2011 Conference: DDF - Commodities - a diverse and complex asset class (Ajay Jain)

    This Due Diligence Forum Research Paper, presented at the 2011 PortfolioConstruction Forum Conference, highlights the knowledge needed to approach the commodities asset class, and examines macroeconomic and long-term drivers of prices within the sector...

    Barclays Capital | 11-09-11 | More
  24. 2011 Conference: DDF - It's not all alpha - identifying hedge fund risk premia (Gregor Andrade)

    This Due Diligence Forum Research Paper, presented at the 2011 PortfolioConstruction Forum Conference, argues that risk factors underpinning classic hedge fund trading strategies - hedge fund risk premia - are investable and can enhance portfolio construction and risk management...

    AQR Capital Management | 11-09-11 | More
  25. 2011 Conference: DDF - Interest rates rising - make sure you get the credit

    This Due Diligence Forum Research Paper, presented at the 2011 Conference, argues short-duration bonds are attractive during rising interest rate periods, offering potential for inflation protection and a yield advantage over cash and other low duration assets...

    Principal Global Investors | 11-09-11 | More
  26. 2011 Conference: DDF - What to do when good beta goes bad (Joe Bracken)

    This Due Diligence Forum Research Paper, presented at the 2011 PortfolioConstruction Forum Conference, examines how to boost returns on portfolios using liquid strategies available to Australian investors, and concludes with a take on asset allocation that is radically different from that practiced currently...

    BT Investment Management | 11-09-11 | More
  27. 2011 Conference: DDF - Deep in the woods? Will clients deal with new normal returns? (Rob Mead)

    This Due Diligence Forum Research Paper, presented at the 2011 PortfolioConstruction Forum Conference, argues that the Australian bond market continues to provide a reliable real return with relatively low volatility, and asks 'are we deep in the woods or is there a way out?'

    PIMCO | 11-09-11 | More
  28. 2011 Conference: DDF - How to capture the full potential of emerging market growth (Scott Berg)

    This Due Diligence Forum Research Paper, presented at the 2011 PortfolioConstruction Forum Conference, argues that investors must consider the merits of a “pure” direct exposure to emerging markets in their global opportunity set...

    T.Rowe Price | 11-09-11 | More
  29. 2011 Conference: DDF - International investing: Improving returns by managing risk (Chris Selth)

    This Due Diligence Forum Research Paper, presented at the 2011 PortfolioConstruction Forum Conference, examines various equity portfolio risk strategies, such as stock-specific risk management and hedging techniques, and whether diversification is still an effective risk management tool...

    Five Oceans Asset Management | 11-09-11 | More
  30. 2011 Conference: DDF - Rising inflation will impact portfolios (Hamish Douglass)

    This Due Diligence Forum Research Paper, presented at the 2011 PortfolioConstruction Forum Conference, argues that as emerging markets wages increase significantly, core CPI in many developed world economies will rise, forcing central banks to revisit interest rate settings - and therefore, positioning portfolios for the prospect of rising inflation is critical...

    Magellan Asset Management | 11-09-11 | More
  31. 2011 Conference: DDF - China's transformation - the Razor's edge (Diane Lin)

    This Due Diligence Forum Research Paper, presented at the 2011 PortfolioConstruction Forum Conference, argues that China's path to growth is unsustainable, and highlights which economies, sectors and industries in the Asia Pacific region will benefit most from China's transformation and which will be most at risk...

    Pengana Capital/ nabInvest | 11-09-11 | More
  32. 2011 Conference: DDF - Economic costs of short-termism (Dr Manny Pohl)

    This Due Diligence Forum Research Paper, presented at the 2011 PortfolioConstruction Forum Conference, argues that short-termism is a pandemic that continues to flourish unchecked within financial markets, resulting in significant long-term economic costs to investors...

    Hyperion Asset Management | 11-09-11 | More
  33. Sector Insight: Au Fixed Interest 2011

    The debt side of portfolios used to be the easy part of portfolio construction - but not these days! This Sector Insight summarises key themes and ratings from the recent Australian fixed interest sector review by Standard & Poor's Fund Services...

    Standard & Poor's | 01-09-11 | More
  34. Historic times (Jonathan Pain)

    This month has brought some of the most turbulent times in the history of investment markets. What does it mean for those managing investor portfolios?

    Jonathan Pain | 31-08-11 | More
  35. The woods AND the trees (Pippa Malmgren)

    We're facing a very complicated, rich and interesting landscape. For investors, distinguishing the woods from the trees is going to be very difficult - but will pay well because of that difficulty...

    Hon. Dr Pippa Malmgren, DRPM Group | 03-08-11 | 1 comment | More
  36. Sector Insight: Alternatives Multi-Asset 2011

    Following the challenging period of the GFC, significant doubts arose as to the core value premise of FOHF products. This Sector Insight summarises the key themes and ratings from the recent review of the sector...

    Standard & Poor's | 02-08-11 | More
  37. Italy joins the submerging nations

    In the past few weeks, it's become clear that Italy must now be included in the group of submerging economies - and that portfolios should become more cautious and defensive...

    Jonathan Pain | 26-07-11 | More
  38. Sector Insight: International Equities

    Is there any evidence to support the use of active international equities funds in portfolios? Plus, the growth of emerging markets allocations, and the rise of fundamental risk management...

    Standard & Poor's | 30-06-11 | More
  39. The most important risk to be thinking about

    The question every investor has right now is 'are we in a bubble'? There's no doubt that the huge infusion of free money into the world economy by every government from the US to China has created enormous price movements. But the single most important risk to be thinking about now is inflation risk...

    Hon. Dr Pippa Malmgren, Principalis Asset Management | 04-03-11 | 2 comments | More