Reading Time: 8 minutesThe evidence is undeniable. We all have brains that are set-up to make consistently bad choices when it comes to domains that are complex, ambiguous and unpredictable – like investing. We overestimate our own ability, screen out information that conflicts with our pre-conceived views, we fear losses, and anchor to what feels well known and … More Better Behaviour by Design
Reading Time: 4 minutesIn finance 101 you learn all about the two types of risk: systematic (market) and non-systematic (idiosyncratic) risk, but conventional teaching tends to ignore a third risk – Behavioral risk, which can be the most important. >> From @danielcrosby ‘s excellent book The Behavioral Investor which provides both a new taxonomy of behavioral biases from … More The Mis-behaving Investor
Reading Time: 5 minutes1. The Universal Owner Did you go to many investment conferences in 2018? You probably don’t need me to tell you that ESG (Environmental, Social and Governance) considerations have been brought front and centre this year. I think this theme can be interpreted at a higher level in terms of how asset owners weigh externalities … More Three Ideas that Came of Age in 2018
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Reading Time: < 1 minuteA year flies by. It’s been twelve months since I first put together No Ordinary Collision: The Forces that will Shape the Asset Management Industry, a thought piece bringing together many pieces of work and research on mega trends, and which identified particular intersections between emerging trends that could be meaningful for the asset management … More The Future Shape of Asset Management – 1 Year On
Reading Time: 4 minutesJust back from a couple of great (sunny!) days in Edinburgh for the institute of actuaries conference which importantly this year incorporated pensions, investment and risk components together for the first time. Quite a lot of interesting takeaways and observations from around the industry. As Marian Elliott said in the first session “To the worm … More Two Days Among Actuaries
Reading Time: 2 minutesThe future of asset and wealth management? A thoroughly excellent event was organised by Level39 in London on 25 May 2015, featuring speakers from all the key players and analysts in the fairly nascent European roboadvisor scene and around 250 delegates. My five top takeaways are below, or you can read my storify story here. … More Roboadvisor Europe 2016 – The Future?
Reading Time: 2 minutesYour 10-Minute Guide to the Future of Asset Management. Download the full paper here >> no-ordinary-collision-v6-singlepage-HR It’s always easy to ignore or dismiss forecasts of the way the future may change our industry. Some might seem too obvious, some too far-fetched. We all exist in a daily whirlwind addressing the challenges of volatile markets and demanding … More No Ordinary Collision
Reading Time: 3 minutesMarket volatility this August caused many asset classes to be in the red when viewed over the year to 30 September 2015. We’ve long believed that to evaluate asset classes over long periods its more helpful to look at a measure of the risk-adjusted returns (such as the sharpe ratio) than pure returns – you … More Market Volatility Hits Asset Returns
Reading Time: 2 minutesI was fortunate enough to present at the Professional Pensions conference The Future of Pensions Consulting on 3 November 2015, which was an engaging day which ranged over a really interesting array of topics, from employee engagement in DC to the possible outcomes of an EU referendum. I’ll spoke about LDI, which is an issue very close to my … More LDI – the First 12 Years
