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November 2023

Note Global Investment Managers Outlook 2024 : Tough Investment Climate Pressures Performance

Fitch Ratings’ 2024 sector outlook for global investment managers (IMs) is deteriorating. Increased macroeconomic and geopolitical risks and an increased risk of a US government shutdown create a challenging investment climate, with declining economic growth and high interest (...)

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Study reveals UK institutional investors/pension funds are increasing their focus on structured credit

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CNP Assurances publishes its responsible investment report and for the first time measures the dependence of its investment portfolio on biodiversity loss

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October 2011

Note Banks Recapitalization : Implications for hybrid debt holders

Who will be recapitalized and how much? How recapitalization work? And most importantly, for investors, how does it impact bank hybrid debt? These are the issues addressed by Philip Hall, Volatility and Credit Quantitative Manager and President of Axiom Alternative (...)

October 2011

Note HSBC’s Study on the future of retirement highlights the particular vulnerability of women

The aim of this study is to understand the repercussions of increasing life expectancy on the behaviour of individuals regarding retirement and how they prepare for it financially, with an emphasis on the family’s role in preparing and planning for retirement and the role (...)

October 2011

Note Successful merger : lets make no mistake about the objective

What a pity that those acquisitions or mergers in which the due diligence have been the most well researched, with the most detailed business plan, the most unanimously approved strategies, are not those which are always the most successful in the long (...)

October 2011

Note Survey: European investors are optimistic for the future of the Euro

It emerges from an poll, conducted by the Global Alliance of Investors, dealing with institutional investors in Europe, that 80% of those questioned, believe in the ability of the euro to cope with current challenges. British investors are less (...)

October 2011

Note Listed family controlled businesses: an equity investment case

According SG Private Banking Equity research team, when talking about family owned businesses, one very often thinks about mom and pop’s diner; it is counting without the international brands. Family controlled firms are the most resilient and provide good vehicles to come (...)

October 2011

Note Estimating the Real Rate of Return on Stock Index

Judicious use of the rate of return framework on equity, or "cost of capital" facilitates decision-making within the financial industry by providing a metric for comparing different stock markets between them but also a comparison to other asset (...)

October 2011

Note The factors that determine the carbon price: an econometric analysis

Emission allowances are both physical and financial assets. As for any asset, it then becomes possible to study the potential gap between the value observed on the market and the value dictated by fundamentals…

October 2011

Note 1 out of 3 Europeans have lost confidence in financial advisors since the 2008 crisis

According to the results of a Fidelity Investments poll on the confidence of investors, the country which is the most critical of financial advisors, singling itself out by its strong resistance to paying for advice, is (...)

September 2011

Note Local culture influences investment returns

According to INTRA Study of 45 Nations, local cultural differences continue to exert an influence on investment behaviour and returns. The Nordic and Germanic cultures are best suited to value investing in terms of their patience, unlike African and Eastern European (...)

September 2011

Note Hedge funds, a solution for struggling public pension plans ?

It is the conclusion of a paper entitled «The Changing Role of Hedge Funds in the Global Economy » written by Dr. Everett Ehrlich. He would expect more state and local governments will make them part of the solution moving (...)

September 2011

Note Carbon leakage or desirable abatement? The curious case of aluminium

If there has been carbon leakage during Phases I & II of the EU ETS, primary aluminium seems, at first glance, like a good candidate for it. The sector competes intensively with producers outside of Europe

September 2011

Note Current approaches inadequate for assessing future longevity

The substantial increases in life expectancy witnessed in recent decades have been consistently underestimated, a new Swiss Re research report reveals. Robust, predictive approaches using forward-looking scenarios are (...)

August 2011

Note The July – August 2011 market crash. Technical analysis and long term issues!

According to Jacques Ninet, head of research at UFG-LFP, it is obvious that the monetary European Union (an imperfect Trojan horse towards federalism) only gets half the job done when it comes to forging economic (...)

July 2011

Note What is penalizing the industrialized countries?

The dynamics of Western countries are inadequate because, two years after leaving the recession behind, their economies still seem unable to implement a sturdy, autonomous trajectory of growth, explains Philippe Waechter, chief economist at Natixis (...)

July 2011

Note Financial markets and self-fulfilling prophecies

This phenomenon is equivalent to the change from a brutal economic and financial equilibrium to another, not because the fundamentals of the macroeconomic environment would justify it, but because there was a change for good or bad reasons of market (...)

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Note The EMF has been created, long live the EMF!

Philip Hall and Adrian Paturle give an update on the operation of ESM: European leaders have largely been inspired by the IMF...

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Note German life insurers hope for respite as investment yields scrape floor

With no sign of a tightening in European monetary policy, low investment yields will continue to put pressure on German life insurers, many of whom sold overgenerous life policies even as signs were emerging that the European economy was entering a prolonged period of (...)

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Note New EDHEC study of private infrastructure debt shows that defining ’infrastructure’ correctly pays off for investors

A new paper analysing the characteristics of the EDHEC Infrastructure Institute private debt index shows that private infrastructure debt only delivers better risk-adjusted returns than corporate debt when it is narrowly and correctly (...)

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Note SimCorp Survey Reveals Optimism Among Investment Managers About Own Growth Prospects

SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today released a survey, which shows significant assets under management (AuM) and revenue growth expectations from investment managers in the next three (...)

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Note Bank Credit Quality & European MMF Regulations Concern Treasurers

European corporate treasurers are concerned by decreasing bank credit quality, global banking and European money market fund (MMF) regulation, according to a live survey of 90 delegates at Fitch Ratings’ third annual cash management conference in London last (...)

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Note Global pension fund assets reach new highs

Global institutional pension fund assets in the 16 major markets grew by over 6% during 2014 (compared to around 10% in 2013) to reach a new high of US$36 trillion, according to Towers Watson’s Global Pension Assets Study released (...)

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Note Eurozone offers best high yield bond valuations, institutions say

The Eurozone offers better valuations for high yield bonds than any other region in the world, according to new research by NN Investment Partners (NN IP). The research, conducted amongst NN IP’s panel of institutional investment managers, showed 27% of respondents rated (...)

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Note EDHEC-Risk Institute study shows that progress remains to be made in risk management for pension funds

The survey finds that LDI is popular, but in concrete terms the fund separation approach, which is consistent with the LDI paradigm, is not yet sufficiently widely applied to manage the LDI approach optimally, especially in southern European (...)

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Note Surging dividend growth from Europe drives global company pay-out boom

Global investors are enjoying a bumper year for dividends, according to the latest Global Dividend Index (HGDI) from Henderson Global Investors. Overall pay-outs grew 11.7% year on year in the second quarter to a new record of $426.8bn, an increase of (...)

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Note Carbon leakage or desirable abatement? The curious case of aluminium

If there has been carbon leakage during Phases I & II of the EU ETS, primary aluminium seems, at first glance, like a good candidate for it. The sector competes intensively with producers outside of Europe

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Note The Timing Impact Approach: How particularities of carbon markets influence market ?

With the current ‘back-loading’ proposal of the European Commission on the table it is essential to further examine the specialities of carbon markets to assess the implications of the proposal on the market development of the EU ETS. An emission right is a new kind of good (...)

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Note CFA Institute Study Reveals Leaders Must Transform if Investment Industry is to Thrive

The Future State of the Investment Profession study released today by CFA Institute describes an industry at an existential crossroads. It warns that investment industry leaders who fail to transform their business models may jeopardize the future of their (...)

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Note 84 % of French advisers warn that investors may not be fully aware of the risks associated with passive investments

85% say they need a more accurate picture of their clients’ risk tolerance. It’s not volatility that worries advisors the most, it’s how their clients react to it. Ensuring investors set tangible goals and have realistic expectations remains a major (...)

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Note Institutional investors bullish on stocks, alternatives in 2016, wary of global political tensions, Natixis Survey Shows

Large investors significantly increase allocations to alternatives in hunt for yield Market volatility biggest risk to investment performance Most investors will shorten bond durations when rates rise

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Note The Family Office : An past present and future approach

In the face of often complex needs of people who have large and important family wealth a team of specialists with a single interlocutor is more and more being grouped into a unit called the family office.

Focus

Note EURO STOXX 50® Index implied repo trading at Eurex

This research paper focuses on the inseparable relationship between implied repo rates and equity index total return swaps. Written by Stuart Heath, Director Equity & Index R&D at Eurex, it covers the various aspects and calculations of both repo rates and the (...)

Focus

France’s debt

Outlook, strategies and investment vehicles on France’s debt

Recherche Quantitative

Recherche Quantitative : Quels sont les thèmes qui occupent dorénavant les Quants au sein des salles de marchés et des sociétés de gestion ?

Selection: Products

Kiosk Alternatives to financial markets investments

The financial investment is not limited to financial markets assets and the current uncertainties obviously feed such thoughts. Indeed, there are many investment vehicles that could create value in a portfolio.

Pedagogy Inflation linked bonds’ mechanism

Inflation linked bonds are bonds whose principal is linked to inflation which allows their holders to protected against inflation as opposed to traditional bonds.

Pedagogy Back to the future, may 2011: Nobles Crus and Earth Element Fund

Yesterday they were introduced as innovatives products. Today, How far have they got and what are the prospects for tomorrow ? Two products in the spotlight this month: Nobles Crus or the blend of passion for wine and financial investment, and a quantitative systematic (...)

Regulation Solvency II: Advantage convertible bonds

The results of QIS 5 confirmed that convertible bonds bear low capital cost. A balanced-profile convertible bond portfolio with optimized convexity therefore obtains a moderate intrinsic SCR whilst benefiting from «equity» (...)

Last commented articles

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Note Emotion is not a sign of weakness for investors any more
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