The US Federal Reserve Board is in agreement: interest rates can be raised once the US economy reaches full employment again. A decision had already been made to move away from the policy of cheap money when Chair of the Board Janet Yellen first took office. Two years later, Yellen wants to finally implement this without jeopardizing the current economic growth. Continue
Investment Management Update – October 2015
Investment Management Update – October 2015
The US Federal Reserve Board is in agreement: interest rates can be raised once the US economy reaches full employment again. A decision had already been made to move away from the policy of cheap money when Chair of the Board Janet Yellen first took office. Two years later, Yellen wants to finally implement this without jeopardizing the current economic growth. Continue
Investment Management Update – July 2015
According to the Nash equilibrium in game theory, developed by mathematician and Nobel Prize winner John Nash, the stakeholders in the Greek situation will hold fast to their positions. Neither party will move from its position because both assume that the other will give in sooner or later. Continue
Investment Management Update – April 2015
The central banks know no boundaries. Using all their resources albeit with slightly different priorities, they attempt to stimulate the economy, stoke the stock exchange, weaken their own currencies and fend off the feared phenomenon of inflation. Ideally, these objectives should all be met at the same time. Continue
Investment Management Update – January 2015
Over the past two years, more and more European countries have not only been able to refinance at no cost with short-term government bonds, they have also been able to earn serious money by borrowing. The reason? Negative interest rates. Continue
Risk regimes
Risk regimes are time periods with different market conditions. Continue
Measuring risk throughout the investment period
Learn why conventional risk measures underestimate the actual risk of a portfolio… Continue
Multi-goal optimization
The optimization of a portfolio relative to its benchmark is an important step and complementary to the pure risk / return optimization. In doing so, personal preferences or key focus between the different parameters tracking error, standard deviation and expected […]