1725 briefings from 411 companies
Alpha to trump beta in 2013: After four years where beta dominated, we believe alpha will make up a bigger slice of the (smaller) returns pie in 2013. Asset classes, regions and countries will be less correlated, in our view, with lower systemic risk and higher company-specific risk.
Published:08 April 2013
The direction of major currencies can have a profound impact on the returns investors make, but it is an area few really follow or few understand. Over time the major currencies revert to long time exchange rates but over the short term fluctuations can be both an asset and liability to investors.
Company:The Big Debate
Published:18 October 2012
The purpose of this paper is to illustrate the benefits that an active and diversified currency strategy can bring when added to a multi-asset-class portfolio. The advantages that a diversified approach can offer compared with that of the most widely used currency investment strategies will also be
Published:19 June 2012
Business Area:Portfolio Management
How should investors manage the coming Flight From Liabilities? We argued previously that purchases of US treasuries and US dollars constitute a flight to liabilities, not a flight to safety. But this can also reverse.
Published:01 May 2012
This briefing provides an overview of recent key developments in Chinese RMB funds, including highlights of the Tianjin QFLP regulations issued in October in light of similar QFLP regulations in Shanghai and Beijing; and the universal filing requirements introduced in a circular issued in November.
Company:Allen & Overy
Published:17 January 2012
China has launched a pilot program which allows Chinese yuan raised by Hong Kong subsidiaries of Chinese domestic fund management companies to be invested in China's domestic securities markets. Bingham McCutchen outline the program's expected effect and RQFII qualification requirements.
Published:21 December 2011
On 19 September, the Hungarian Parliament adopted an amendment to the Hungarian Banking Act which has already caused major turbulence in the banking sectors. This briefing outlines the conditions banks will be obliged to accept and explains why the amendment may be challenged as unconstitutional.
Published:29 September 2011
On 28 June 2011, the Indonesian Government brought into force Law No.7 of 2011. Known as the 'Currency Law', it seeks to promote the use of Indonesian Rupiah in domestic transactions. This briefing outlines the law's criminal sanctions, exemptions and implications for Indonesian businesses.
Published:09 September 2011
Business Area:Frontier Markets