Since the emergence of “Modern Portfolio Theory” and the “Capital Asset Pricing Model” in the late 1960s, institutional investors have taken a quantitatively driven approach to portfolio construction, looking to create portfolio diversification and obtain better risk-adjusted returns by balancing their asset-class exposures. This journey has seen several important advancements in thinking about how to optimally achieve desired results.
Funds that want to take the total portfolio approach first need to get the total portfolio view. To do that they not only need data – and lots of it – but a rock-solid understanding of exactly how they’re going to use it.
Tremelling pops up at RBC
(Pictured: Stephen Tremelling)
Stephen Tremelling, the former head of sales and business development for BNP Paribas Securities Services, has joined RBC Investor & Treasury Services as director of sales and distribution.
Tremelling left BNP last November after 10 years with the firm. His job there has been filled by former consultant, and previously custodian, Ian Perkins.
Prior to joining BNP in 2004, Tremelling spent about nine years at State Street, rising to become vice president of operations.
RBC services fund managers, but not super funds, in Australia. Its largest client is Perpetual Investments, which sold its former big inhouse asset servicing unit, Perpetual Fund Services, to the Canadian company in 2001.
