Risk conditions in the international stock markets improved markedly during the first three months of the year. Despite the ongoing political risks and the related uncertainty, stock markets are robust and in good shape. Continue
Investment Management Update – April 2017
TED-Talk – In memory of Hans Rosling – Let my dataset change your mindset
Swedish Medical Professor Hans Rosling has passed away on February 7. We bow to his exceptional attainments and recall his impressive TED talk about which we wrote on April 14, 2014. Continue
Investment Management Update (QSS) – January 2017
Last year, the revival of global economic growth led to massive rotation in the financial markets. After years of weak economic growth, key leading indicators were suggesting mid-year that the global economy had bottomed out – and growth would pick up again. Continue
Investment Management Update (RRI) – January 2017
One thing is for certain: 2016 was a year of uncertainty. The Research Institute for the Public Sphere and Society (fög) at the University of Zurich has drawn up a list of dominant media topics for 2016, and topping it are the US presidential elections and its main protagonist Donald Trump. Continue
Article – Force et fragilité des marchés – Agéfi magazine, 2. November 2016
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
