The recommended equity quota within mixed portfolios has dropped for the sixth consecutive quarter. This has important implications for future equity returns as written by Swiss newspaper L’Agéfi: Continue
Investment Management Update (QSS) – October 2016
Quantitative Stock Selection – rule-based stock selection in inefficient markets.
Globally oriented cyclical equities made an impressive comeback in July. This was due to the slightly improved global economic outlook, a trend that also confirms Merrill Lynch’s global economic cycle model. Continue
Investment Management Update (RRI) – October 2016
Risk Regime Investing – rule-based management of the tactical asset allocation.
Do you know Tina? No, she’s not the next US President or the main character in the latest docu-soap. Tina is, in fact, an acronym for “There is No Alternative”. Although the term was coined by the English philosopher Herbert Spencer, it was made famous by UK prime minister Margaret Thatcher, who believed that there was no alternative to the market economy. Continue
Article – Générer plus de rendement sans augmenter les réserves de fluctuations – Prévoyance Professionnelle Suisse , 19. October 2016
Pension funds are battling against the zero interest-rate environment. Martin Glässer, Swiss certified pension fund manager and Senior Portfolio Manager at PARSUMO Capital, lays out how they can generate excess return without the need for increased fluctuation reserve. Continue
Article – Sélection d’actions basée sur des règles comme source de plus-value – Agéfi magazine, 8. April 2016
How can one distinguish between efficient and inefficient equity markets? And once identified, how should a professional investor act? Continue
Investment Management Update (RRI) – July 2016
Risk Regime Investing – rule-based management of the tactical asset allocation.
The world seems to be coming apart at the seams. Refugees are being forced to leave their homes in droves. American presidential candidates are straying from the path of reason, while central banks are leaving the world of positive interest rates behind. Continue
Article – Bourse: quand le soleil bat les banquiers – PME Magazine, 1. August 2016
How accurate are stock market forecasts? Should we trust the expert’s opinion or even look up to the sky for better answers? PME Magazine has them. Continue
Investment Management Update (RRI) – April 2016
Risk Regime Investing – rule-based management of the tactical asset allocation.
Central banks have been trying in vain to combat the threat of deflation, stimulate the flagging economy and weaken their domestic currencies, leaving a raft of new measures in their wake. At the end of January, the Bank of Japan (BoJ) introduced negative interest rates and began imposing penalty interest on the deposits it holds. Continue
Investment Management Update – January 2016
2015 began with high hopes, but ultimately it was a year to forget. The most important assets experienced low single-digit or even negative growth. Continue
Article – Les indicateurs «contrarian» incitent à la prudence – Le Temps, 14. December 2015
The PARSUMO Contrarian Indicator Equity (PCE) is also attracting interest in the French-speaking part of Switzerland. Swiss daily newspaper Le Temps is explaining the PCE’s functionality and its current level. Continue
