Browsing: What about beta?

What about beta?

Chain Blockers

Jul 16th, 2018 | Filed under: Digital currencies, Emerging Alternative Investments, Newly Added, Other Topics in A.I., What about beta?

By Bill Kelly, CEO, CAIA Association The base case for distributed ledger technology (or DLT, and often used interchangeably with blockchain) is to create a trusted network of participants where there is just one ledger of account records shared by all and there is no central recordkeeper. Transactions are digitalRead More


Asset Management in China: Expect Growth

Jul 8th, 2018 | Filed under: Asset Allocation Models, Consultants, Finance & Economics, High-net-worth investors, Institutional Asset Management, Institutional Investing, Newly Added, What about beta?

A new study by Casey Quirk looks at asset management in China. It makes a bold claim: that by 2030, asset management strategies broadly defined will account for 10% of total Chinese wealth. That will be a more than doubling of the corresponding number at present: 4%. If China getsRead More


Huge Data 

Jul 2nd, 2018 | Filed under: Newly Added, What about beta?

By Bill Kelly, CAIA Association CEO How many billionaires would you need to accumulate one quintillion dollars of net worth? If your last name is Trump you might say just one, but the non-fake news answer is a cool one billion billionaires. Whether you are dealing in alternative facts or not, this is a massive number that carries 18 zeros to the left ofRead More


FORE! 

Jun 18th, 2018 | Filed under: Newly Added, What about beta?

By Bill Kelly, CEO, CAIA Association Certain words in the world of sports are universally recognized and understood, even for those who have never kicked a football or swung a golf club. The 2018 FIFA World Cup Matches began this weekend and not many of us will need a definition for GOOOAAALLL. Similarly, the annual US Open Golf Championship wrappedRead More


Water, Water Everywhere…

Jun 11th, 2018 | Filed under: Newly Added, What about beta?

By Bill Kelly, CEO, CAIA Association  It was 220 years ago when Samuel Taylor Coleridge wrote and published his now famous poem The Rime of the Ancient Mariner. Perhaps few among us could name this poet, but this specific work and the referenced line of prose live on in infamy and areRead More


It’s the Volatility (of Volatility), Stupid! 

Jun 4th, 2018 | Filed under: Newly Added, What about beta?

By Bill Kelly, CEO, CAIA Association Just about 25 years ago a political strategist named James Carville brought this phrase into the common lexicon when he used the “Economy” as the initial punchline. The resonation of that simple phrase is arguably what got Bill Clinton into the White House. At just about that same time and a short 1,000 miles away from Hope, Ark., Professor RobertRead More


Safety First?

May 29th, 2018 | Filed under: Newly Added, What about beta?

By: CAIA CEO Bill Kelly. Dateline, Guoliang Tunnel Road in China. This stretch of highway is a perennial favorite in the annual ranking of the world’s most dangerous roadways. Surprisingly, it ceded the top spot in that category this year to the North Yungas Road in Bolivia, but some pictures are simply not suitable for publication in this family-friendly blog. The path from Point A to Point B is rarely a straight line and the obstacles encounteredRead More


The All-Inclusive Buffet

May 21st, 2018 | Filed under: Newly Added, What about beta?

By: Bill Kelly, CEO, CAIA Association We have all seen it. The Sunday brunch, the Caribbean vacation, or the cruise to nowhere or everywhere that touts the all-inclusive offer when it comes to food and drink. The behavioral aspects of these arrangements are common and predictable. More choice often yields toRead More


Too Big Too Frail 

Apr 23rd, 2018 | Filed under: Newly Added, What about beta?

By Bill Kelly, CAIA CEO The most intractable challenges in society, and life, sometimes subsist in a state of duality. The size and scale of the downside are enormous and almost paralyzing if allowed into our daily psyche. Sometimes however, especially in life, we have finely tuned coping mechanisms that we allow in to keep these thoughts in check. This mental recalibration can be a good thing, especially when put intoRead More


in-i-fish-uh nt (adj.) 

Apr 16th, 2018 | Filed under: Newly Added, What about beta?

By Bill Kelly, CAIA CEO In the good old days of bound books, a dictionary and thesaurus were de rigueur desktop accessories, no matter your stock-in-trade. It is hard to argue with the modern-day convenience of a Siri or Alexa who can define that certain word, or produce the ideal synonym, on-demand. The over-50 crowd, however, might remember and even lament the lost art of searching for the meaning of a word; when found, it was often accompanied by a descriptive picture that rendered the defining words to follow almost superfluous. IfRead More


The Giraffe in The Coal Mine 

Apr 9th, 2018 | Filed under: Newly Added, What about beta?

By Bill Kelly, CAIA Association What’s a few dead canaries amongst friends, or maybe miners? Historically, it has meant a highly toxic atmosphere and a time to immediately retreat to safer ground. In the autumn of years since the GFC, the financial markets have witnessed plenty of canary-like warnings, but most have been shrugged off under the TTID and FOMO Twitter hashtags. Well, when the canary has ceded the early warningRead More


Egg Day Segue 

Apr 2nd, 2018 | Filed under: Newly Added, What about beta?

By Bill Kelly, CAIA CEO According to the Gregorian Calendar today is Easter Monday. It is a holiday in many countries around the world and even for the non-celebrants, visual cues abound. In many regions the universal symbol is the decorated egg. While Hallmark may have made this into anRead More


So Much March Madness

Mar 26th, 2018 | Filed under: Newly Added, What about beta?

By Bill Kelly, CEO, CAIA Association What can the NCAA basketball tournament tell you about your investment portfolio? As it turns out, quite a bit. For those of you who simply don’t care about the annual bracket ritual, it is quite easy to get you up to speed. The bottomRead More


Trust But Clarify

Mar 19th, 2018 | Filed under: Newly Added, What about beta?

By Bill Kelly, CAIA Association CEO What’s going on here? Wasn’t it just a few short weeks ago that the SEC came out with a self-reporting initiative aimed at advisors who essentially fail to disclose lower fee share classes to their client? This amnesty program was put into place toRead More


Irrational Dissonance

Mar 12th, 2018 | Filed under: Newly Added, What about beta?

By Bill Kelly, CEO, CAIA Association Friday was March 9 and not a lot of discussion was had about the infamy of this date going all the way back to 2009. For the few in the market who have maintained some level of perspective, analysis and a concept of whatRead More


The Year of the (Sleeping) Dog

Mar 5th, 2018 | Filed under: Newly Added, What about beta?

By Bill Kelly, CEO, CAIA Association Welcome to Washington Chairman Powell… All eyes were on his inaugural address to the House Financial Services Committee this week, followed by semiannual remarks to the Senate Banking Committee, and by most accounts he passed with flying colors. Much of the discussion could beRead More


A Rhetorical Oracle?

Feb 26th, 2018 | Filed under: Fees, Hedge Fund Industry Trends, Newly Added, Risk Metrics and Measurement, Structure of the Hedge Funds Industry, What about beta?

By Bill Kelly, CEO, CAIA Association Warren Buffett cashed out his bet and the final numbers are in courtesy of the Oracle’s annual shareholder letter. Unfortunately, the most important investment lessons have been completely lost, as the media and the investment sage have mostly used this as an opportunity toRead More


A Cautionary Tale

Feb 20th, 2018 | Filed under: Newly Added, Other Topics in A.I., What about beta?

By Bill Kelly, CAIA Association CEO Shadow or not, the groundhog brought volatility out of its burrow on February 2nd, and it is safe to say that it will persist for a lot longer than the six weeks of additional winter in the Northeast part of the USA.  Along withRead More


What about beta?

Feb 5th, 2018 | Filed under: Newly Added, What about beta?

By Bill Kelly, CAIA Association CEO As the 2018 calendar turned to February, the long-anticipated volatility came back with a vengeance, but why were so many, so surprised.  As long-term investors, I point out what might be the obvious.  The first fissures of this new normal arrived on Friday Feb 2Read More