Asset management
Short-termism rules
Asset Management
Santander offers 1.38 billion euros to Madoff investors
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Editor's letter
Editorial
UK sets up financial industry think-tanks
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Fully flexible views: theory and practice
Attilio Meucci proposes a unified methodology to input non-linear views from any number of users in fully general non-normal markets and perform, among others, stress testing, scenario analysis and ranking allocation. He walks the reader through the…
US enhances enforcement and investor protection
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Geometric mean variance
It is argued that a constrained mean variance framework is superior to Black-Litterman asset allocation, and can help an investor determine the mean excess return vector given their market views
Innovations in asset management and technology
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Uncertain certificates
Structured funds
Geometric mean variance
Asset Allocation
Global asset managers struggling with Mifid preparations
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SunGard brings out new asset-management product
SunGard launches product to cater to globalising asset management firms and their providers
Providers announce strategic alliance
Alliance struck in equity portfolio monitoring
Takeover in asset management technology systems
Acquisition in asset management software provision
Beyond Black-Litterman: views on non-normal markets
In normally distributed markets, the Black-Litterman technique allows managers to construct portfolios that account for their views on a set of expected returns. Attilio Meucci extends the technique to generic market distributions and shows an…
Basel Accord could be the model for investment firms and insurance companies
Basel II could become the model for the regulation of investment firms and insurance companies, according to Mario Draghi, governor of the Bank of Italy.
Optimal allocation to hedge funds
Lionel Martellini and Mathieu Vaissie argue that it is only by taking into account the exact nature and composition of their existing portfolio that institutional investors can maximise the benefits they can expect from investing in hedge funds. To this…
Wachovia seeks to improve risk data
Wachovia is implementing the AC Plus data management system from Dutch vendor Asset Control within its corporate investment bank to improve risk management.