According to Fabrice Foy, Quantitative Analyst at CCR-AM, we should do the exact opposite of the classical theory: the stock price does not reflect fundamentals, and if it deviates from its fundamental value, it does not necessarily tend to revert (...)
In France, many financial engineers feel some aversion for IT. Some, fascinated by models, don’t consider for a second writing thousands of lines of code…
The use of «multifractal processes» for risk calculation in finance allows us to use the concept of «scale invariance» and its implications developed in fluid mechanics…
In an uncompromising book, Benoit Mandelbrot, French graduate from Ecole Polytechnique, denounces the inconsistency of the orthodox theory of finance and presents his fractal vision of the markets
Bank of America Merrill Lynch - Fund Manager Survey October 2015
Investors are expressing growing skepticism that the U.S. Federal Reserve (Fed) will raise rates this year amid fragility in the global economy and earnings, according to the BofA Merrill Lynch Fund Manager Survey for (...)
According to Bank of America Merrill Lynch, overall credit longs drop sharply again. Now only 9% overweight IG. Credit technicals thus better in October. Investor cash levels surge, but outflow concerns may partly explain this and only 31% of IG and 25% of HY investors think (...)
Is Factor Investing a Welfare-Improving New Investment Paradigm or Yet Another Marketing Fad?
In a new study entitled “Factor Investing: A Welfare-Improving New Investment Paradigm or Yet Another Marketing Fad?”, drawn from the Lyxor research chair on “Risk Allocation Solutions”, EDHEC-Risk examines the relative efficiency of standard forms of practical implementation of (...)
Well aware of the new financial environment, French savers are prepared to boost their investments while accepting a reasonable degree of risk
Natixis Global Asset Management today published the results of its 2 nd annual survey of French individual investors with financial assets of between €75,000 and €300,000 held in banks. This survey of 1,000 clients of French banks was conducted in May (...)
BofA Merrill Lynch Fund Manager Survey Finds Weakening Outlook for Global Economy Amid Fears Over China
Global investors have shifted their attention from Greece to China amid continued concern of a Chinese recession, according to the BofA Merrill Lynch Fund Manager Survey for August. Respondents are scaling back their expectations for economic (...)