US stock valuations based on forecast operating earnings regularly veer into ‘fantasy’ land, according to a new analysis by quantitative investment firm Research Affiliates (RAFI), with reality set to disappoint again in 2023 as recessionary risks remain.
The Kiwi secretariat provider has named former WTW global head of governance consulting Tim Mitchell as chief executive to replace long-time head Simon Tyler. But it has another vacancy to fill with the looming exit of Paul Bevin, general manager investments.
Geopolitical tension has pushed aside cyber-worries and pandemic fears to take the top spot in the latest Depository Trust & Clearing Corporation (DTCC) poll of the global financial services industry.
New Zealand’s biggest non-government fund manager, ANZ Investments, has made a pre-Christmas senior staff clean-out with two long-time employees set to leave the $30 billion plus business early next year.
Entrenched inflation will likely last longer and prove harder to stamp out than most investors acknowledge, according to a new analysis from quant shop Research Affiliates.
While inflation, rates and the US dollar are peaking, we’re not quite there yet. Dutch quant house Robeco is tipping better returns for investors in 2023 but only after markets tumble further over the coming months.
Institutional investors have singled-out a linchpin market liquidity crisis as the worst-case scenario in a new global survey conducted by US asset management firm, PGIM.
Up to 90 per cent of fund managers globally are in danger of losing further market share over the next decade as organic growth grinds lower and competition ramps up, according to a new study by financial technology firm, Broadridge.
The International Monetary Fund (IMF) has called for internationally coordinated mandatory measures including ‘swing pricing’ – equivalent to buy-sell spreads – to limit systemic risks posed by liquidity misalignment in open-ended funds.
A host of things investors have benefitted from in recent decades are likely to turn on a multi-year view. Even the much vaunted alternatives will find it harder to generate alpha.
