investment management


Dividend-Paying Stocks: Where Mitigating One Risk Begets Another

Investing in dividend-paying stocks has long served as a strategy to mitigate equity-market risks. The quarterly payouts can be an indicator of corporate performance and cushion stock-price declines....

April 12, 2024 | By Michael Shari


Life Settlements Are Settling In as an Alternative Asset Class

In the 1980s, men being treated for AIDS began defraying hospital expenses by selling their life insurance policies for less than the death benefit. The practice became known as life settlement. By...

February 9, 2024 | By Michael Shari


Have Spot Bitcoin ETFs Changed the Digital-Asset Game?

In the week following the U.S. Securities and Exchange Commission’s January 10 vote to authorize 11 spot bitcoin exchange-traded funds, bitcoin funds led by BlackRock and Fidelity enjoyed upwards of...

January 26, 2024 | By John Hintze


Has ESG Gone Off the Rails?

From the point of view of an investment firm that has taken into consideration environmental, social and governance factors for over a decade – with close attention being paid since our founding in...

November 3, 2023 | By Sharon Bentley-Hamlyn


After Temporary Dislocations, Insurance-Linked Securities Are Breaking Records

Despite worries late last year that Hurricane Ian would cause significant losses in the insurance-linked securities market, new-issue ILS – primarily catastrophe (cat) bonds – set a new record in the...

October 20, 2023 | By John Hintze


Investment Managers Keep Faith in Emerging Markets

An extended period of economic and political uncertainty has not dampened investment managers’ emerging-market convictions. While global debt levels and the struggles of low-income countries,...

October 20, 2023 | By Dawn Kissi


Global Investment Performance Standards: After 25 Years, Room to Grow, and Gaps to Close

Over a quarter century, the Global Investment Performance Standards (GIPS) have settled in as a best-practice benchmark for investment firms’ performance calculations and presentations, yielding...

September 29, 2023 | By Michael Shashoua


The Parlous State of ESG

As the manager of a European fund that endeavors to invest in companies with strong ESG credentials, I find it increasingly dispiriting to witness the discrediting of this style of investing....

May 19, 2023 | By Sharon Bentley-Hamlyn


Is There a Need for a Chief Liquidity Officer?

We have all been trained to regard return volatility as the main measure of portfolio risk. Relying on well-established multi-factor risk models, VaR models, credit default models and their own...

May 12, 2023 | By Michelle Teng


An Islamic Investment Fund Is ‘Serendipitously’ Well Positioned

With $3.1 billion in assets under management, accounting for about half of the AUM of Bellingham, Washington-based Saturna Capital Corp., the Amana Growth Fund is among the biggest U.S. mutual funds...

September 23, 2022 | By Michael Shari


Crypto AUM: Four Growth Factors

Crypto investment funds reportedly boast a staggering $30.2 billion in total assets under management (AUM), including $19.3 billion worth of Bitcoin and $7 billion in Ethereum. While the fund manager...

September 2, 2022 | By Devon Drew


Innovation, Collaboration and Networking Drive Digital-Asset Custody

Although cryptocurrency values have crashed, it is not just true-believing bitcoin maximalists who are keeping faith in the asset class. Investment advisers are recommending modest portfolio...

July 22, 2022 | By Jeffrey Kutler


Money Market Funds Adamantly Oppose Swing Pricing

Corporate and institutional investors in prime and tax-exempt money market funds may have to look for alternative cash management tools if the Securities and Exchange Commission rejects industry...

July 8, 2022 | By John Hintze


SEC Rule Has Fund Firms Grappling with a VaR Mandate

There is no summer respite for risk managers at asset management firms as they work toward an August 19 deadline to comply with Securities and Exchange Commission Rule 18f-4, which requires them to...

June 17, 2022 | By Michael Shari


A Risk-Based Way of Thinking About Digital Assets

In January 2021, Mark Makepeace came out of a short-lived retirement from London Stock Exchange Group’s FTSE Russell to become CEO of Wilshire. He immediately got into educating pension funds, asset...

March 18, 2022 | By Michael Shari


Is Modern Portfolio Theory Obsolete?

Ever since Harry Markowitz introduced Modern Portfolio Theory (MPT) in “Portfolio Selection,” a 1952 Journal of Finance article, institutional investors have applied it to spread their risk across...

January 21, 2022 | By Michael Shari


Hibernate or Terminate: Making Pension Risk ‘Go Away’

Organizations across the U.S. continue to transfer billions of dollars of defined benefit (DB) pension plan liabilities to insurance companies. These so-called pension risk transfers could easily...

November 24, 2021 | By Tom Sablak


Securities Financing, Crypto Style

Securities financing, used by institutional investors to generate returns on assets and hedge price volatility, is becoming increasingly popular among cryptocurrency holders. Evidence of the...

September 3, 2021 | By John Hintze


Asset Managers on the Crypto-Risk Learning Curve

As high-net-worth investors, family offices and other professional and institutional investors diversify into cryptocurrency and other digital assets, a question arises about readiness: Have...

August 27, 2021 | By Michael Shari


LJM Fund Managers Face CFTC, SEC Charges; Chief Risk Officer Settles

The Commodity Futures Trading Commission and Securities and Exchange Commission have filed civil charges relating to losses incurred by the Chicago-based LJM fund complex amid the “volmageddon”...

June 11, 2021 | By Jeffrey Kutler


As Bitcoin Rises, Institutions Make Crypto Market Impact

When bitcoin climbed past $50,000 in mid-February, the digital-asset buzz was less about a new price spike than about the mainstreaming of cryptocurrencies and the institutionalization of the asset...

February 26, 2021 | By John Hintze


A New Tool to Manage the Impact of Spread Compression on Index Annuities

The COVID pandemic has caused a crueler drop in sales of fixed index annuities (FIAs) than insurers have seen since the Great Recession, creating a new opportunity for inventive managers of...

December 11, 2020 | By Michael Shari


Pandemic, Politics and Modern Portfolio Theory

During a four-week stretch in February and March, the combination of pandemic, politics and related economic fallout caused the Cboe Volatility Index (VIX) to spike by a historic 475%, from 14.38 to...

September 4, 2020 | By Michael Shari


The Impact of the Coronavirus on Investment Decisions

As the world heads toward a global recession, with plunging equity markets and countries facing severe economic downturns, there are uncertainties and strong beliefs that have practically divided the...

June 19, 2020 | By Nupur Pavan Bang and Anisha Sircar


A New Take on Managing Volatility Risk on the Stock Market

In 2017, Alfred Eskandar and Tony Barchetto drummed up a fresh idea to manage the volatility risk of investing in the U.S. stock market. Dubbed truBeta, their process uses risk analytics to build...

February 21, 2020 | By Michael Shari


How to Account for Tail Risk in Wealth Management

Currently, we're in the longest period of fairly stable markets, but it is still critical to get ready for a potential downturn. Traditional measures of risk in investment portfolios are always...

October 4, 2019 | By Alla Gil


A Favorable Climate for Alternatives

Investor interest in private equity and the need to diversify and hedge risk in volatile markets are working to the advantage of hedge funds, according to speakers at a recent New York Alternative...

May 24, 2019 | By Juliette Fairley


The 'Global Technology Crisis': Modernize or Bust

The business of investment management has a technology crisis on its hands - a crisis that not only undercuts the ability of institutions to compete, but costs firms huge sums of money. Firms are...

March 15, 2019 | By Sebastian Ceria


ESG Regulation Turns from Issuers to Investors

Regulation of environmental, social and governance (ESG) investing, historically focused on corporate-issuer disclosures, is turning increasingly toward investors, according to indexing and risk...

March 15, 2019 | By Juliette Fairley


Vetting Corporate Culture in Light of #MeToo

In a 2005 study of CEO employment contracts at U.S. corporations, only three out of 375 cited sexual harassment as grounds for termination. “I haven't done a follow-up study,” says co-author and...

January 4, 2019 | By Juliette Fairley

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