In AFM Trendzicht gaat de AFM in op belangrijke trends en bijbehorende risico’s in de financiële sector. Trendzicht biedt inhoudelijke achtergrond, verdieping en samenhang bij relevante toezichtonderwerpen. Het vroegtijdig signaleren en begrijpen van veranderingen in de sector draagt bij aan
Our thematic provides an analysis of the investment opportunity presented by the US cannabis industry and builds a case for its attractiveness both in absolute terms and relative to other cannabis investment opportunities in Canadian and international markets. We examine
Why read on? Why are fees falling in certain asset classes yet remaining resilient in others? The answers to this question are not always straightforward. At its heart, the investment management industry is not one in which “price competition” functions
Hope and despair continue to struggle for dominance this year. Geopolitical shocks and disappointing macro data are followed by the promise of central bank intervention and improved relations around the world, with investors left wondering where it’s all headed. Our
“In Wall Street parlance a “tenbagger” is a stock in which you’ve made ten times your money. I suspect this highly technical term has been borrowed from baseball, which only goes up to a fourbagger, or home run. In my
When market participants lack, discount, or ignore relevant data, the resulting information gaps create asset mispricing that active managers may exploit to generate alpha for clients. We believe sustainable investing, including environmental, social, and governance (ESG) integration and engagement, impact
Onzekerheid troef terwijl de goudprijs recordhoogtes bereikt De handelsspanningen zijn handelsoorlogen geworden en de handelsoorlogen dreigen valuta-oorlogen te worden. Op 26 augustus bereikte de goudprijs zijn hoogste punt in zes jaar: 1.555 USD per ounce. De markten reageerden hiermee op
Fixed income markets contain a high proportion of investors whose goal of identifying the most attractive relative value is subverted by jurisdictional or self-imposed rules, regulations, and constraints, or is superseded by other non-economic objectives, such as accounting conventions. The
ESG is one of the fastest growing acronyms in finance, yet most investment professionals recognise that the way ESG is measured in investment funds is far from clear. One major drawback is the lack of consistency in the data that
Starting in May, prices of risky assets seesawed in response to unexpected turns in trade policy and adjustments to monetary policy.1 The rally in equity and credit markets seen in early 2019 reversed course in May on the prospect of
China is on its way to become the world's first major country to issue a sovereign digital currency, with top officials from the People's Bank of China announcing on August 10th 2019 1 at the latest China Finance 40 Forum
In August 2019, Bitcoin struggled to remain above $10,000 as its price fluctuated within a $9400-12,000 range. Monthly altcoin volumes were near all-time lows and the market dominance of Bitcoin approached its 70% tipping point. The Libra turmoil continues with
The unprecedented liquidity injected into the global financial system by central banks in the aftermath of the GFC to bolster economic growth has had numerous far reaching consequences. The monetary accommodation has led to a steady decline in interest rates,
What happens in your head when you predict what will happen in someone else’s. The distinction between “wrong” vs. “early” has less to do with analytics than the social ability to prevent listeners from giving up on you. Say it’s
Today’s risk professionals need an acute sense of hearing. In a world of increasing noise, dis – tinguishing true risk from hype requires a high level of focus. The BDO Global Risk Landscape 2019 found that escaping this echo chamber
Macro-finance theory implies that trend inflation and the equilibrium real interest rate are fundamental determinants of the yield curve. However, empirical models of the term structure of interest rates generally assume that these fundamentals are constant. We show that accounting
AUM in the Top 300 fell by 0.4% in 2018, a sharp contrast from the previous year’s growth of 15.1% The top 20 funds’ AUM fell by 1.6% in 2018 North America remains the largest region
Bitwise Asset Management – Presentation to the U.S. Securities and Exchange Commission The Real Bitcoin Market Market Manipulation Custody Valuation
As institutional investors, we have a duty to act in the best long-term interests of our beneficiaries. In this fiduciary role, we believe that environmental, social, and governance (ESG) issues can affect the performance of investment portfolios (to varying degrees
Macroeconomic update Infrastructure investing ESG investing Global fixed income Emerging markets Liability-driven investing
Survivorship bias, the predisposition to evaluate a data set by focusing on the “survivors” rather than also examining the record of non-survivors, is important to understand for hedge fund peer groups, which tend to have a relatively large number of
Most hedging conversations with investors focus on hedging the public portion of their equity portfolios. However, more recently, we have increasingly been receiving inquiries regarding hedging private equity (‘PE’). These questions come even as allocations to PE have been increasing
THIS QUARTER, I FOCUS ON questions being raised about the benefits of investing outside the US and in value stocks. I’ll acknowledge up front that I’m a believer in both of these strategies, but I’ve tried to compensate for any
The findings from this year’s survey are based not only on what is current practice between hedge funds and investors, but also potential future developments and how these could be best implemented. Below are the six key takeaways that emerged
The integration of #ESG criteria often has a greater impact for emerging countries. Find out why in an interview with our expert #Karine_Jesiolowski (via @allnews_ch).
Fresh #StarkieBlog! https://t.co/YZrzQpIlIQ
Low interest rates drive housing market -> https://t.co/XjhuRim2P7 #Interest #mortgages via @ABNAMROeconomen
