On 15 October 2014, the yield on the benchmark 10-year US Treasury note plunged from 2.02% to 1.86%,  an event that was meant to occur only once every 3.5 billion years according to Jamie Dimon, […]

The late Paul Samuelson, a Nobel Prize winner, once quipped that the stock market had forecast nine of the last five economic recessions — a damning indictment on the market’s clairvoyance but a useful insight […]

In June 2017, former Federal Reserve Chair Janet Yellen mused that quantitative tightening in terms of balance sheet normalisation would be like “watching paint dry”. Yet, while the paint was drying, the Fed was at panic […]

Before the dawn of populism, as excess liquidity bloated asset prices without stoking inflation, pension plans’ interest in long-term investing had waned somewhat. The length of the holding period used in defining long-term investing had […]

The fund industry has historically had a hire-and-fire image as a place with no training culture. But that is changing, as it embraces a diversity and inclusion agenda. Fund managers have increasingly realised that a […]

Every once in a while, when a new phenomenon surfaces in the investment landscape, the rhetoric ignores the inherent challenges. ESG is no exception. Our annual surveys single it out as a foundational trend, for […]

The changing world of investing is now putting a growing premium on female intuition. Traditional star culture – mostly centred on male portfolio managers – has been withering on the vine in this decade, as […]