Browsing: Frontier markets

Frontier markets

The Two Faces of Investing in Renewables

May 27th, 2019 | Filed under: Newly Added, Hedge Fund Strategies, The A.I. Industry, Investing in Commodities, Equity Hedge Funds, Socially responsible investing, Hedge Funds, Event-Driven Hedge Funds, Emerging Alternative Investments, The Global Economy & Currencies, Emerging markets, Alternative energy, Commodities: Examples, Energy, Frontier markets, SRI and Clean Energy, Other Topics in A.I.

Renewable energy, however defined, is widely seen as a sustainable and socially responsible (and, if the investing is done right, very profitable) addition to one’s portfolio. Indeed, such entities as the Institute for Energy Economics and Financial Analysis, an Ohio based research-and-analysis shop, exist to show that renewables are theRead More


Price Discovery in the Bitcoin Markets

Apr 30th, 2019 | Filed under: Newly Added, The A.I. Industry, Emerging Alternative Investments, The Global Economy & Currencies, Digital currencies, Frontier markets, Other Topics in A.I.

Tatja Karkkainen, a scholar on financial technology who is pursuing a PhD at the University of Glasgow, has written an illuminating paper on price discovery in the bitcoin markets. She begins with the observation that CBOE and CME introduced bitcoin futures in December 2017, “as the first institutional standard cryptocurrencyRead More


How Public Pension Funds are Subsidizing Infrastructure

Jan 29th, 2019 | Filed under: Newly Added, Infrastructure, The A.I. Industry, Institutional Investing, Socially responsible investing, Alternative energy, Operationally Intensive Real Assets, Institutional Asset Management, Frontier markets, Real Assets, SRI and Clean Energy

Public pension funds in the United States invest in infrastructure. Unfortunately, they aren’t very good at it. A recent working paper of the NBER concludes, indeed, that public pensions are so bad at such investments that they—and thus either the public or its retirees or both—are unwittingly subsidizing infrastructure projects.Read More


CORPORATE DEBT IN THE CHINESE STOCK MARKET

Jan 17th, 2019 | Filed under: Newly Added, The A.I. Industry, The Global Economy & Currencies, Economics, Frontier markets, Macroeconomics, Finance & Economics

By Nicolas Rabener, CAIA, Factor Research Summary: China exhibits the world’s highest corporate debt as % of GDP However, Chinese stocks are not significantly more levered than U.S. stocks Asset and debt growth has stalled in 2018, likely indicating an economic slowdown INTRODUCTION The McKinsey Global Institute published an influentialRead More


ISSA Reports on the Crypto-Infrastructure

Dec 12th, 2018 | Filed under: Newly Added, Currencies, The A.I. Industry, Emerging Alternative Investments, The Global Economy & Currencies, Digital currencies, Frontier markets, Other Topics in A.I.

This has been a terrible year for cryptocurrencies. Bitcoin, the flagship for the asset class, peaked in the middle of December 2017 at a value of above $17,000. By the end of January this year, it was below $10,000. By September BTC had settled into a price range of $6,500.Read More


Jeff Diehl: The View from SuperReturn Japan, Part I

Dec 4th, 2018 | Filed under: Newly Added, Private Equity, The A.I. Industry, Debt Types of Private Equity, Venture capital, Equity Types of Private Equity, The Global Economy & Currencies, Other Issues in Private Investments, Economics, Private Investments, Frontier markets, Macroeconomics, Finance & Economics

On Wednesday, December 5, in Tokyo, Japan, the SuperReturn Japan 2018 event convenes. CAIA is a sponsor of this event. Jeff Diehl, managing partner at Adams Street Partners, a multi-national investment manager with more than $35 billion in assets under management, is attending. He will participate in a panel WednesdayRead More


 Shariah Finance, Volatility, Clientele Effects

Oct 23rd, 2018 | Filed under: Newly Added, The A.I. Industry, Financial Economics Theory, The Global Economy & Currencies, Emerging markets, Frontier markets, Finance & Economics

Two recent scholarly papers take distinctive looks at the sukuk market in Malaysia. Accordingly, each contributes to the ongoing discussions and evaluations of the place of Islamic finance within the broader global (and alpha-seeking) picture. Sukuk are bond-like instruments structured to pay profit, not interest, that are sold chiefly toRead More


Modi Operandi

Oct 1st, 2018 | Filed under: Newly Added, What about beta?, The A.I. Industry, The Global Economy & Currencies, Emerging markets, Frontier markets, Macroeconomics

By Bill Kelly, CEO, CAIA Association What’s your liquidity M.O.? If you are less than certain, it is time to look east toward the country of India and the land of Modi. After all, when 1.3 billion people cough there is a decent chance the rest of the world justRead More


The Bonds of War: Ukraine, Russia, the IMF

Feb 11th, 2016 | Filed under: Newly Added, Insolvency, The Global Economy & Currencies, Business News, Frontier markets, Finance & Economics

Argentines take heart. Yes, you have implacable holdout bondholder NML Capital to contend with, and NML has been beating you in court battles arising from your 2001 bond defaults. But … Paul Singer isn’t Vladimir Putin, and NML isn’t Mother Russia. Your courtroom battles aren’t actual battlefield battles. The defaultRead More


After the Balkan Adventure: A Bad Bank Gets Worse

Mar 9th, 2015 | Filed under: Private Equity, Frontier markets

Over the weekend that began March, auditors in Austria found that the billions already invested in the wind-down of Heta, part of the nationalized Hypo Group, would not suffice for the orderly wind down of this "bad bank." A worse-and-worse bank, it appears. Read More


Recent Russian Investment History: Misty Water-Colored Memories

Feb 8th, 2015 | Filed under: Hedge Fund Strategies, Emerging markets, Frontier markets

William Browder's new book, Red Notice, is a fascinating window into the recent history of Russia, both when Yeltsin (and at first Putin) welcomed foreign investment and then when things turned very ugly for those investors. Read More


Missing the Market: An American Visits Nigeria

Dec 17th, 2014 | Filed under: Alpha Hunters, Frontier markets

Guest columnist Doug Friedenberg explores Nigeria as a frontier market.Read More