| Bogle on ETFs: A More Nuanced ViewVanguard founder John Bogle says some ETFs can be effective long-term investments, but most are not worth the risk. |
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| De-Risk Pensions by Focusing on Total Outcome: State StreetIn response to a pension fund world that has been upended by asset-price declines, under-funding and regulatory challenges, State Street is recommending a new 'de-risking' direction. |
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| A Basket in ReserveDX Organisation Ltd. in London has a new managing director, and he has high aspirations for what WDX is selling: the World Currency Unit. |
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| Risk Models: Managing Chaos Today’s models look at diversification and specific asset classes. Future ones must account for the entire portfolio, develop a plan -- and designate someone to own it. |
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| Less Risk, More Reward: The New Norm?Minimum variance portfolios are catching on with portfolio managers, thanks to good realized returns over a long horizon and low betas. |
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| The Effectiveness of Hedge Fund Risk ManagementAn empirical investigation answers questions about the real benefits of risk management practices, including portfolio modeling, for hedge funds. |
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| Wider Distribution for FinAnalyticaIn simpler times, a fund’s performance was the only metric that really mattered. Today, investors also take into account such factors as resilience in the face of risk, or ability to withstand future stresses and crises, notes David Merrill, CEO of FinAnalytica. |
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| Stress Testing in the New Reality: Building a Path Toward Compliance and Continued ProfitabilityTwo years ago, news of the financial downturn monopolized headlines, with pundits and elected officials alike contemplating its many causes and ways that we can avoid repeating the scenario in the future. The need for more comprehensive and dynamic risk management emerged as an important priority, but little consensus emerged around how to accomplish this goal. |
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| Best Practices in Market Risk ManagementThe blueprint for effective management of market risk includes an empowered risk team, excellent reporting, powerful, easy-to-use analytical tools and robust stress tests.There is no “one size fits all” answer that will work for every organization, particularly in regard to risk management. |
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| Finance: The Failure of ReasonEver had trouble explaining to your parents and in-laws what the finance discipline is all about? And why the progress of this fruitful discipline, including its financial risk management offspring, has failed to prevent the subprime crisis? Well then, tell them to read Justin Fox’s The Myth of the Rational Market. |
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| BNP Brings Back a Risk ManagerParis-based BNP Paribas has managed to stay on a relatively steady, profitable course even as the road got rocky for European peers such as UBS, which announced the latest in a series of staff reductions in mid-April after projecting a 2 billion Swiss franc first-quarter loss. |
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