Author: Nicolas Rabener

[ad_1] Investing in Artificial Intelligence (AI) vs. AI Investing “AI will probably most likely lead to the end of the world, but in the meantime, there’ll be great companies.” —…

[ad_1] Activism: An Escape Hatch for Active Managers? Active fund managers today are like deer caught in the headlights of oncoming traffic. The exchange-traded fund (ETF) industry is expanding its…

[ad_1] The Global Pension Funds Crisis Tens of thousands of Dutch workers took to the streets in the spring of 2019 to protest a proposal to raise the retirement age.…

[ad_1] Two Magic Words “This time is different” might be the four most dangerous words in investing. “Uncorrelated returns” may just be the two most lucrative. These seven syllables have…

[ad_1] Winners and Losers The further the global financial crisis retreats into history, the clearer the winners and losers become. Insurance companies, banks, pension funds, savers, and renters have all…

[ad_1] Performance Chasing with a Narrative? Thematic investing is like venture capital for asset managers. For every 10 products launched, most fail to generate interest from investors, a couple break…

[ad_1] Shattered Windshield Introduction Alternative investments accounted for $13 trillion in assets under management (AUM) in 2021, nearly twice what it was 2015. By 2026, that figure is expected to…

[ad_1] Fixed-Income Kryptonite “Faster than a speeding bullet. More powerful than a locomotive. Able to leap tall buildings in a single bound.” And he can fly and shoot lasers from…

[ad_1] Long or Short Volatility? I once worked as an equity derivatives intern at Credit Suisse First Boston in London. As at other investment banks, the team had three distinct…

[ad_1] “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” — Friedrich Hayek “The use of mathematics…

[ad_1] Great storytelling may be the most powerful human skill. Empires have been built by lone individuals whose enthralling narratives convinced their compatriots to join the cause. In the right…

[ad_1] Introduction Before 2020, the threat of a global pandemic shutting down the world economy was not a top-of-mind concern for most investors. Pandemics were nothing new, of course, but…

[ad_1] Introduction One of the more peculiar transactions I worked on as an investment banker at Citigroup was the initial public offering (IPO) of a Kuwaiti property company. This was…

[ad_1] Introduction What drives stock returns? Earnings, right? So, what drives earnings? Likely economic growth. After all, it’s much harder for companies to expand their sales and profits in a…

[ad_1] Introduction London ranks ninth on the UBS Global Real Estate Bubble index for residential properties. Like in many other countries, property prices in the United Kingdom reached an all-time…

[ad_1] Introduction Ted Theodore first wrote about value versus momentum stocks way back in 1984, but almost 40 years later, there still is no real consensus among investors or academics…

[ad_1] Introduction The global pandemic continues to be a catastrophe for our civilization. Compounding its effect: Few were insured against it. Sure, Hollywood has churned out plenty of movies about…

[ad_1] “I came of age and studied economics in the 1970s and I remember what that terrible period was like. . . . No one wants to see that happen…

[ad_1] Introduction Diversify, reduce fees, avoid active trading, and keep it simple. Most investors would be well-served by following the above framework. But while easy to recommend, this rubric is…

[ad_1] Introduction Students often ask me for career advice. It is not a particularly satisfying experience. On the one hand, these are often exceptionally bright and hard-working people, with Oxford…

[ad_1] Introduction Direct indexing is hot. In October 2020, Morgan Stanley bought the asset manager Eaton Vance primarily for its direct indexing subsidiary Parametric. BlackRock followed one month later by…

[ad_1] Introduction “Software is eating the world.” The venture capitalist Marc Andreessen wrote these words back in 2011. From today’s perspective, with companies like Alphabet, Microsoft, and Meta dominating the…

[ad_1] Introduction Welcome to the qualifying round of the 2022 US Investment Olympics. The goal of the games is simple: beat the S&P 500, either by generating higher returns or…

[ad_1] Introduction Much of the crypto world is, by definition, cryptic and difficult to understand. But two crypto trends are crystal clear: Both talent and money are flooding into the…

[ad_1] Introduction A falling stock market is not bad for everyone. Sure, many investors lose out as their portfolios decline in value, but those who are just starting to invest…