Browsing: Other Topics in A.I.

Other Topics in A.I.

Investment Management: Time for New Leaders and Exiting Comfort Zones

Dec 10th, 2019 | Filed under: Newly Added, Hedge Fund Industry Trends, Consultants, Private Equity, The A.I. Industry, Industry Size & Managers, Institutional Investing, Socially responsible investing, Hedge Funds, Equity Types of Private Equity, Other Issues in Private Investments, Business News, Institutional Asset Management, Private Investments, SRI and Clean Energy

Disruption is the trend of the moment in many industries and the investment world is no exception. Deloitte Insights has just posted an article that takes a comprehensive look at the investment world today, traditional and alternative. Its theme is that this world is in search of new leadership andRead More


How to Evaluate Smart Beta ETFs

Dec 8th, 2019 | Filed under: Newly Added, The A.I. Industry, Liquid Alternative Investiments, ETFs, Smart Beta, Allocating to A.I., Other Topics in A.I.

By Nicolas Rabener of FactorResearch (@FactorResearch) Beta is like ice cream and comes in many flavors. Broadly we can categorize it into the following four types: Plain beta: Market capitalization-weighted benchmark indices like the S&P 500 or FTSE 100. Smart beta: Indices with tilts to factors backed by academic andRead More


Setting The Next Stage in Cryptocurrencies

Dec 1st, 2019 | Filed under: Newly Added, Currencies, The A.I. Industry, Emerging Alternative Investments, The Global Economy & Currencies, Digital currencies, Other Topics in A.I.

Telegram Open Network (TON) is a blockchain project supported by a native utility token called the Gram, created by Pavel and Nikolai Durov, who were behind the Telegram messaging app. TON now faces an existential regulatory threat. The Durovs created TON in response to what they saw as the limitsRead More


The Iceberg Impact in Brand Management 

Nov 25th, 2019 | Filed under: Newly Added, Investor Relations, The A.I. Industry, Sales & Marketing in the AI Industry

By Diane Harrison There typically are two business attitudes about branding. One, those that are hyper focused on building and keeping a high quality brand, and two, those that don’t see the point of all the hype. We know the first group—these are industry brand titans, such as Starbucks, FedEx,Read More


Alternative Investments: Investing By Numbers

Nov 19th, 2019 | Filed under: Newly Added, Technology, Fintech, Real Estate, Private Equity, The A.I. Industry, Debt Types of Private Equity, Liquid and Fixed Income Real Estate, Technology, Hedge Funds, Equity Types of Private Equity, Private Investments, Real Estate Equity Investments, Real Assets, Risk Management & Operations

What’s in the future for alternative investments asset management? A new publication from Ernst & Young, London, contends that allocations to alternative investments and are “robust,” but that there is an important shift underway in favor of private equity and at the expense of hedge funds. In 2018, 40% ofRead More


Democratization Without Education

Nov 18th, 2019 | Filed under: Newly Added, What about beta?, Consultants, Retail Investing, Private Equity, Institutional Investing, Asset allocation, High-net-worth investors, Asset Allocation Models, Other Issues in Private Investments, Alternative Investments in Context, Endowments & Foundations, Institutional Asset Management, Private Investments, Family Offices, Allocating to A.I.

By Bill Kelly, CAIA Association CEO The American history buffs out there will know that we are just a few short weeks away from the 246th anniversary of the Boston Tea Party. Back in 1773, the British government was deep in debt and decided the very best course was toRead More


Machine Learning: Beyond the Fear of Unknown Unknowns

Nov 17th, 2019 | Filed under: Newly Added, Technology, Artificial Intelligence, Algorithmic and high-frequency trading, The A.I. Industry, Equity Hedge Funds, Alpha Strategies, Hedge Funds, Event-Driven Hedge Funds, Business News, Macro and Managed Futures Funds, Other Topics in A.I.

Machine learning as a way of managing a portfolio is a “wave of the future” with a lot of sea to cover before it breaks on the shore. Meson Capital Partners has sent its investors an update and summary for 2019 Q3 regarding its managed market neutral fund, and thisRead More


Investors Want Liquidity and They Want it Now

Nov 7th, 2019 | Filed under: Newly Added, Private Equity, Hedge Fund Strategies, The A.I. Industry, Debt Types of Private Equity, Institutional Investing, Hedge Funds, Equity Types of Private Equity, The Global Economy & Currencies, Other Issues in Private Investments, Business News, Economics, Institutional Asset Management, Private Investments, Macroeconomics, Allocating to A.I., Finance & Economics, Other Topics in A.I.

A recent publication from Fidelity Institutional Asset Management, while looking at the money markets in the US, emphasizes that investors are looking for liquidity. The report, written by Kerry Pope and Chris Lewis, each an institutional portfolio manager with FIAM, begins with a discussion of the Federal Reserve’s September rateRead More


What if Cryptos Succeed Only After the US has Locked Itself Out?

Oct 29th, 2019 | 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.

Recent developments in cryptocurrency have brought new currencies and more uncertainty about them and some of the underlying investments in this brave new world. Anthony Pompliano, a founder and partner at Morgan Creek Digital, tackles these issues and more relating to the cryptocurrency universe in his blog, Off the Chain.Read More


A Harvard Education

Oct 28th, 2019 | Filed under: Newly Added, What about beta?, Academic Foundations, Institutional Investing, Asset allocation, Asset Allocation Models, Other Issues in Private Investments, Personalities in AI, Endowments & Foundations, Institutional Asset Management, Private Investments, Allocating to A.I.

By Bill Kelly, CEO, CAIA Association While Harvard the institution is legendary, much less is known about its founding other than by some who have taken those tedious Cambridge tours or the gifted alum who studied their way in through one of those 25 famous gates. Harvard College was foundedRead More


AIMA: Looking at the Canadian Landscape

Oct 22nd, 2019 | Filed under: Newly Added, Technology, Fintech, Hedge Fund Industry Trends, Infrastructure, The A.I. Industry, Operationally Intensive Real Assets, Structure of the Hedge Funds Industry, Other Topics in A.I.

The Alternative Investment Management Association first opened a branch in Canada in 2003. In recent days, AIMA has posted a report on what it calls the “landscape.” It doesn’t mean the Rockies. It means the lay of the land for alternative investments in that country. AIMA’s report looks at aRead More


Bitcoin Derivatives Behaving Just Like Other Underlying Assets

Oct 15th, 2019 | Filed under: Newly Added, Derivatives, The A.I. Industry, The Global Economy & Currencies, Digital currencies, Other Issues in Private Investments, Risk Management Strategies & Processes, Frontier markets, Structured Products, Other Topics in A.I.

Bitcoin derivatives act a lot like the derivatives of other asset classes. Two scholars at the University of London recently looked at bitcoin’s “volatility smiles and skews” as found in the short and long dated maturity of options traded at the Deribit Exchange in 2019. Helyette Geman and Henry Price,Read More


Of Colossal Fools and Fossil Fuels

Oct 15th, 2019 | Filed under: Newly Added, What about beta?, Social investing, Socially responsible investing, The Global Economy & Currencies, Alternative energy, Business News, Economics, Climate change, SRI and Clean Energy, Macroeconomics, Other Topics in A.I.

By Bill Kelly, CEO, CAIA Association The saying “fool me once shame on you, fool me twice shame on me” has its origins all the way back to the 1600’s when most of the carbon now in our atmosphere was “safely” encased in limestone and other rock formations within theRead More


Spoti-sly

Sep 30th, 2019 | Filed under: Newly Added, What about beta?, Retail Investing, Private Equity, Venture capital, Equity Types of Private Equity, Business News, Private Investments

By Bill Kelly, CEO, CAIA Association How do you turn a millennial into a capitalist? Sell her SNAP in the post-IPO market. A little hindsight here shows how ridiculous this all looked. The initial sellers of the shares were the founders and their VCs (just under 30% of the offering),Read More


Climate Change and Artificial Intelligence as Investment Mega-Trends

Sep 24th, 2019 | Filed under: Newly Added, Technology, Artificial Intelligence, Private Equity, The A.I. Industry, Alpha Strategies, Venture capital, Emerging Alternative Investments, The Global Economy & Currencies, Other Issues in Private Investments, Private Investments, Frontier markets, SRI and Clean Energy, Other Topics in A.I.

A report from CREATE in collaboration with BNY Mellon looks at two related megatrends in investing—climate change and artificial intelligence. It asks in each case: how is this trend perceived in terms of opportunities and risks? What are the specific investment issues involved or solutions likely to be adopted? AndRead More


The Fintech M&A Market Hasn’t Peaked—Yet

Sep 22nd, 2019 | Filed under: Newly Added, Technology, Fintech, The A.I. Industry, Other Topics in A.I.

A new report seeks to “take the temperature” of the mergers and acquisitions activity in fintech, looking at input from 100 senior executives from banks, asset managers, fintech businesses, PE and VC firms active in this space. There are a lot of potential acquirers, along with some who may haveRead More


‘Greenwashing:’ Why the Glass is Half Full

Sep 19th, 2019 | Filed under: Newly Added, Social investing, The A.I. Industry, Socially responsible investing, Emerging Alternative Investments, Other Issues in Private Investments, Operationally Intensive Real Assets, Private Investments, SRI and Clean Energy, Other Topics in A.I.

The term “greenwashing” is not a compliment. It isn’t supposed to be a good thing. Greenwashing means the re-spraying of old products and services so that they seem to comply with standards for socially responsible investment. Many investors want to put their money to work in ways that reflect theirRead More


Boone Pickens, A Trailblazer, Passes On

Sep 17th, 2019 | Filed under: Newly Added, Hedge Fund Strategies, The A.I. Industry, Investing in Commodities, Socially responsible investing, Hedge Funds, Event-Driven Hedge Funds, oil, Alternative energy, Commodities, Other Issues in Private Investments, Energy, SRI and Clean Energy, Other Topics in A.I.

T. Boone Pickens died quietly at home in Dallas, Texas on Sept. 11, 2019. In his long career Pickens did a good deal to give the current hedge fund industry, as well as the broader asset management industry and the energy commodities markets, their character, in a life that sometimesRead More


Can Sustainable Investing Sustain Itself in Japan?

Sep 15th, 2019 | Filed under: Newly Added, Social investing, The A.I. Industry, Socially responsible investing, Emerging Alternative Investments, Alternative energy, Other Issues in Private Investments, Private Investments, SRI and Clean Energy, Other Topics in A.I.

Advocates of sustainable investing in Japan are struggling, according to a new report co-authored by William Burchart and Jessica Ziegler of The Investment Integration Project (TIIP). Their research is based on a literature review and discussions with more than 50 industry experts. The paper was released Sept. 6 and isRead More


The Newest New Thing? Initial Exchange Offerings

Sep 11th, 2019 | Filed under: Newly Added, Currencies, The A.I. Industry, Emerging Alternative Investments, The Global Economy & Currencies, Digital currencies, Other Topics in A.I.

Initial Exchange Offerings, that is, offerings administered by a crypto exchange, on behalf of a startup—where the startup is trying to raise funds with newly issued tokens—has developed as an alternative to an older model, the Initial Coin Offering, where participants make their contributions to a smart contract. Hirander MisraRead More


Negative Interest Rates: A Reason to Invest in Hedge Funds?

Sep 9th, 2019 | Filed under: Newly Added, Hedge Fund Strategies, CTA, The A.I. Industry, Equity Hedge Funds, Liquid Alternative Investiments, Alpha Strategies, Hedge Funds, Event-Driven Hedge Funds, Liquid Alts, Macro and Managed Futures Funds, Allocating to A.I.

Negative interest rate policy—that is, central bank arrangements that seek to inspire spending by punishing savings, not merely in real but in nominal terms—have spread in recent years among the developed economies, and are now in use in Japan, Switzerland, Sweden, and the Eurozone. Denmark got the ball rolling inRead More


Zebras Are Reactionaries

Sep 9th, 2019 | Filed under: Newly Added, What about beta?, The A.I. Industry, Asset Managers, Alpha Strategies, Hedge Funds, Smart Beta, Risk Management & Operations, Allocating to A.I.

Someone told me that it’s all happening At the Zoo. In this case, it was Paul Simon in his 1967 title song where he anthropomorphizes the animals he sees in the Central Park Zoo. Some are deemed to be honest, some kindly but dumb, and some insincere or skeptical, and,Read More


PORTFOLIO PROTECTION VIA MANAGED FUTURES LIQUID ALTS?

Sep 8th, 2019 | Filed under: Newly Added, Commodities, Hedge Fund Strategies, CTA, The A.I. Industry, Investing in Commodities, Liquid Alternative Investiments, Alternative Mutual Funds, Hedge Funds, Liquid Alts, Commodities, ETFs, Macro and Managed Futures Funds, Allocating to A.I., Other Topics in A.I.

By Nicolas Rabener of FactorResearch (@FactorResearch) INTRODUCTION The mafia and the hedge fund industry share some characteristics. Both are powerful, non-transparent, and create little value for society. Naturally the mafia is a criminal organization while the only “criminal” element of hedge funds are the high fees they are charging forRead More


Whatfore Art Thou Use of Alt-data?

Aug 26th, 2019 | Filed under: Newly Added, What about beta?, Alternative data, The A.I. Industry, Smart Beta, Allocating to A.I.

Shakespeare’s Juliet once famously asked “what’s in a name?” If you know the play, she was talking about roses and how they would smell as sweet, even if they had an alternative name. Would her modern-day self not ask the same about data? And what makes today’s alt-data different fromRead More


Anticipating Buyout Deals: A Prospective New Model on an Old Strategy

Aug 22nd, 2019 | Filed under: Newly Added, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Risk management, Hedge Funds, Event-Driven Hedge Funds, Risk Metrics and Measurement, Smart Beta, Risk Management Strategies & Processes, Risk Management & Operations

Milind Sharma and Aravind Ganesan have developed what they call the QMIT Leveraged Buyout Model—a trading strategy—based on anticipating announcements of LBOs based on QMIT’s factor library. Sharma is the CEO of QMIT, QuantZ Machine Intelligence Technologies. QMIT is itself a spin-off from QuantZ Capital, which is a stat arbRead More


QUANT STRATEGIES: THEORY VS. REALITY

Aug 11th, 2019 | Filed under: Newly Added, Algorithmic and high-frequency trading, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Liquid Alternative Investiments, Hedge Funds, Smart Beta, Other Topics in A.I.

By Nicolas Rabener of FactorResearch (@FactorResearch) INTRODUCTION When pitching an investment product with a backtested history the frequent response from potential investors is that they have never seen a bad backtest. Naturally this is true as there is no point in marketing a strategy with a poor backtest as investorsRead More


A POWER(FUL) POINT: LESS IS MORE

Aug 5th, 2019 | Filed under: Newly Added, Investor Relations, Sales & Marketing in the AI Industry

By Diane Harrison The financial world is awash in presentation decks—loaded with data, charts, tables, graphs, and an endless series of bullet points. Financial folks seem to think that lots of proof points make for strong arguments in favor of whatever they are selling. In the financial industry, many PowerPointsRead More


ESG: WHAT’S UNDER THE HOOD?

Jul 14th, 2019 | Filed under: Newly Added, Social investing, The A.I. Industry, Socially responsible investing, SRI and Clean Energy

By Nicolas Rabener of FactorResearch (@FactorResearch) ESG INVESTING – SIMPLE OR COMPLEX? Investing is complicated as it is simple and complex at the same time. Common advice for new investors is to pursue a buy-and-hold approach for long-term wealth creation. Although this strategy has worked out great in the U.S.Read More


The Dangers and Attractions of Infrastructure Investing

Jul 4th, 2019 | Filed under: Newly Added, Infrastructure, The A.I. Industry, Institutional Investing, Natural Resources and Land, Other Issues in Private Investments, Operationally Intensive Real Assets, Institutional Asset Management, Real Assets, Other Topics in A.I.

An arm of Brookfield Asset Management, Brookfield Infrastructure, announced that it is leading a group of investors to buy Genesee & Wyoming for a cash payment of $112 per share, a premium of nearly 40% over the pre-announcement stock price. This is a big infrastructure play. G&W is a freightRead More


The Environmental Road to the Future is Paved…in Green

Jul 1st, 2019 | Filed under: Newly Added, Social investing, The A.I. Industry, Socially responsible investing, Climate change, SRI and Clean Energy, Other Topics in A.I.

By Diane Harrison In January of this year, the World Economic Forum published an article, A Business Model for Sustainability, which highlighted a couple of key points relating to the growing interest in green business practices: Global finance is also inching toward sustainability. For example, environmental, social, and governance assetsRead More


SOS

Jul 1st, 2019 | Filed under: Newly Added, What about beta?, Retail Investing, Institutional Investing, Asset allocation, Asset Allocation Models, Alternative Investments in Context, Institutional Asset Management, Allocating to A.I., Other Topics in A.I.

By Bill Kelly, CEO, CAIA Association Ask someone of a certain generation to name the most common worldwide distress signal, and they will likely come back with SOS. No surprise then that this same signal, borne from the Morse code, turns 111 years old on this date in history. MostRead More


Mind the Gap: The Unforeseen Consequences of Smart Beta

Jun 27th, 2019 | Filed under: Newly Added, Retail Investing, The A.I. Industry, Alpha & Beta, Liquid Alternative Investiments, Hedge Funds, Liquid Alts, ETFs, Smart Beta, Other Topics in A.I.

A new paper by Sean Markowicz, a strategist at Schroders, looks into the possibility that fund flows into the assets generically called smart beta are having detrimental consequences for the financial system. It also sheds some light on investors’ bad timing regarding ETFs. The assets at issue are, according toRead More


What Do Owners Think of Smart Beta Strategies?

Jun 23rd, 2019 | Filed under: Newly Added, Retail Investing, The A.I. Industry, Liquid Alternative Investiments, Liquid Alts, Smart Beta, Other Topics in A.I.

FTSE Russell has posted its sixth annual survey of global asset owners’ views of smart beta. Smart beta is a strategy that uses indexes, but that is not traditionally cap-weighted, that is, one where the construction of the index itself incorporates the investment strategy, capturing investment factors or market inefficiencies.Read More


A HORSE RACE OF LIQUID ALTERNATIVES

Jun 13th, 2019 | Filed under: Newly Added, Hedge Fund Strategies, CTA, The A.I. Industry, Investing in Commodities, Equity Hedge Funds, Liquid Alternative Investiments, Hedge Funds, Liquid Alts, Commodities, ETFs, Macro and Managed Futures Funds, Other Topics in A.I.

By Nicolas Rabener of FactorResearch (@FactorResearch) INTRODUCTION Investing is challenging as it is complex and complicated, which requires continuous learning and updating of mental frameworks. Conflicts and contradictions are found everywhere. For example, data from the mutual fund industry shows that most funds fail to outperform their benchmarks, but investors inRead More


How Hedge Funds Use Corporate Social Responsibility Considerations

May 30th, 2019 | Filed under: Newly Added, Hedge Fund Strategies, Social investing, The A.I. Industry, Equity Hedge Funds, Socially responsible investing, Hedge Funds, Event-Driven Hedge Funds, SRI and Clean Energy

A new study by Jun Duanmu and three colleagues examines hedge fund use of matters of corporate social responsibility. The authors work from an asset-weighted composite measure of CSR by fund, in order to seek the difference in financial performance of those hedge funds with high CSR investment and thoseRead More


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


The Mysterious Shortfall in Women Chief Investment Officers

May 22nd, 2019 | Filed under: Newly Added, The A.I. Industry, Academic Foundations, Institutional Investing, Personalities in AI, Endowments & Foundations, Institutional Asset Management, Practitioners

By Charles Skorina We recently looked at the number of women CIOs at big endowments*. Among 109 North American endowments over $1 billion we identified twenty (18 plus one director of investments and one CFO who liaises with their OCIO providers). That’s just 18%–less than one out of five. ForRead More


HEDGE FUND ETFS: BETTER THAN THE ORIGINALS

May 12th, 2019 | Filed under: Newly Added, Hedge Fund Industry Trends, Retail Investing, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Hedge Funds, Event-Driven Hedge Funds, Alternative Investments in Context, ETFs, Macro and Managed Futures Funds, Relative Value Hedge Funds, Allocating to A.I.

By Nicolas Rabener of FactorResearch (@FactorResearch) INTRODUCTION As Amazon has been decimating large parts of the retail industry over the last two decades, ETFs have done the equivalent to the mutual fund industry in the financial world. Today ETFs are covering nearly all areas of the markets, no matter howRead 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


IN THE EYE OF THE BEHOLDER

Apr 29th, 2019 | Filed under: Newly Added, Investor Relations, Alternative Investments in Context, Sales & Marketing in the AI Industry

By Diane Harrison Spring represents a fresh opportunity for investors and fund managers to have meaningful discussions about each other’s needs and solutions. Both parties want to arrive at congruence; sadly, the getting there often brings conversational hiccups and missed opportunities. Managers new to the business of talking to investorsRead More


Impact Investing: How Big is the Market?

Apr 28th, 2019 | Filed under: Newly Added, Social investing, The A.I. Industry, Socially responsible investing

The Global Impact Investing Network recently issued a report on the size of the market for impact investing. The report explores how many investors want to invest how much of their money in ways that will do good for the planet and for the human social structures it hosts, asRead More


Earth to Kerth… It’s Our Day 

Apr 22nd, 2019 | Filed under: Newly Added, What about beta?, Socially responsible investing, Emerging Alternative Investments, Alternative energy, Climate change, SRI and Clean Energy, Other Topics in A.I.

By Bill Kelly, CEO, CAIA Association The Urban Dictionary turned 20 years old last month. If staying power means anything, perhaps it is time to use it as a citable source for modern day lexicon of words like Kerth. It seems Kerth is a name for someone who connotes sweetness, politeness,Read More


ICOs Versus VC Funding for New Ventures

Apr 4th, 2019 | Filed under: Newly Added, The A.I. Industry, Venture capital, Emerging Alternative Investments, Digital currencies, Private Investments

Yes, venture capital manager, we understand that you want a piece of that unicorn yonder. But does the unicorn want you? That is the question raised by a new paper from two scholars affiliated with New York University, Yannis Bakos and Hanna Halaburda, “Funding New Ventures with Digital Tokens.” Specifically,Read More


Was 2014 a Turning Point for ESG Investing?

Mar 7th, 2019 | Filed under: Newly Added, Social investing, The A.I. Industry, Institutional Investing, Socially responsible investing, Emerging Alternative Investments, Institutional Asset Management, SRI and Clean Energy

Amundi, the French asset management firm that, less than a year ago, launched the world’s largest green bond and emerging markets-focused investment, has just posted a scholarly discussion, “How ESG Investing Has Impacted the Asset Pricing in the Equity Market.”  The paper begins by saying that academic study of ESG firmsRead More


1000 Words Can Be Worth More Than A Picture

Feb 26th, 2019 | Filed under: Newly Added, Investor Relations, Sales & Marketing in the AI Industry, Other Topics in A.I.

By Diane Harrison A picture is worth more than 1000 words… this phrase has been translated in dozens of ways, but all represent the sentiment that a simple image can represent a complex message with great impact. Similarly, a well-written blog can paint a picture for a reader and bringRead More


Green Bonds: The Future of Infrastructure Investing

Feb 24th, 2019 | Filed under: Newly Added, Commodities, Infrastructure, Investing in Commodities, Debt Types of Private Equity, Institutional Investing, Socially responsible investing, Hedge Funds, Commodities, Operationally Intensive Real Assets, Climate change, Institutional Asset Management, Private Investments, Real Assets, SRI and Clean Energy, Other Topics in A.I.

Two scholars affiliated with the Centre for International Governance Innovation, Waterloo, Canada, have taken a look at the future of green bonds, that is, bonds whose proceeds are employed to fund environmental initiatives. The paper, by Olaf Weber and Vasundhara Saravade, begins with a guesstimate as to the amount ofRead More


Steps to Attain Sustainable Development Goals

Feb 19th, 2019 | Filed under: Newly Added, Social investing, The A.I. Industry, Institutional Investing, Socially responsible investing, Other Issues in Private Investments, Climate change, Institutional Asset Management, Private Investments, SRI and Clean Energy

Amber Fairbanks, a portfolio manager at Mirova, a division of Natixis, recently talked to Clarice Avery, a Natixis investment strategist on Asset TV about potential long-term investment opportunity in the ESG space. She described ESG as a way in which investors can benefit from long-term secular trends rather than tryingRead More


Smart Beta and Tail Events

Feb 5th, 2019 | Filed under: Newly Added, The A.I. Industry, Financial Economics Theory, Liquid Alternative Investiments, Business News, Smart Beta, Finance & Economics, Other Topics in A.I.

A sound “portfolio optimization strategy” is one that takes into consideration how its assets are behaving in the bad times, those that represent the left-side tail of the bell curve. This is not all that novel an idea, but Maria Kartsakli and Felix Schlumpf, Zurich Insurance Company executives, give itRead More


Modeling the Volatility of Crypto Exchange Rates

Jan 31st, 2019 | Filed under: Newly Added, The A.I. Industry, Regulatory Environment, Emerging Alternative Investments, Digital currencies, Risk Metrics and Measurement, Risk Management & Operations, Other Topics in A.I.

GARCH (Generalized Autoregressive Conditional Heteroskedasticity) models are very useful for estimating the volatility for a lot of more traditional assets (stocks and bonds) and their indices, which is why they’ve been around since the 1980s. But when they’re used for Bitcoin, Ethereum, Ripple, and Litecoin they yield incorrect predictions forRead 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