3 articles from
Exposure compression: Why institutional portfolios move in sync, when they shouldn’t
Despite aiming to deliver “diversified” results, most balanced portfolios pivot around the same risk levers and dominant names. It means exposure compression, benchmark design and regulatory benchmarking concentrate risk into predictable choke points – the MAG-8, Australian banks and US dollar – which passive investing reinforces.
Wagging the dog: Why US Treasuries may no longer be a haven
Perhaps the assumption that markets are still anchored by predictable economic policies needs to be challenged. For the first time since the fall of the Berlin Wall, political volatility – once background noise – is potentially reshaping investment risk at a structural level.
Orwellian doublespeak and the great ‘retire rich’ lie
Breaking superannuation into three different funding models may not be the right answer, but at least it cuts through the fallacy at the heart of our superannuation ideal. Former Lazard Asia-Pacific CEO Rob Prugue writes for The Inside Adviser.