Managing Currency Risk

June 2017
Managing Currency Risk in a Two-Speed World

Managing Currency Risk in a Two-Speed World
As interest rates in the US and Europe/Japan diverge, today's climate provokes a rethink of historic decisions around currency hedging and currency management. More tactical approaches, including active currency overlays, are experiencing a revival in popularity. Meanwhile, FX management costs face closer scrutiny, with Transaction Cost Analysis coming to the fore. A 'DNA of a Manager Search' reveals current strategies and pricing.

November 2016
The Changing World of Alternative Beta

Implementation Insight: The Changing World of Alternative Beta
When it comes to defining and implementing an alternative beta allocation, a great deal can fall through the cracks between theory and practice. The sector is extremely heterogeneous and evolving quickly: in 2016 alone, the universe of providers has increased by more than 30%. In this paper, we reveal detailed insights from recent in-house analysis, ranging from fee levels and structures to the potential benefits of combining multiple managers.

November 2015
Absolute Return Fixed Income

Absolute Return Fixed Income
bfinance’ fixed income specialists discuss how absolute return fixed income strategies are able to improve the risk/return profile of a traditional global fixed income portfolio. The paper also shares insights into the manager universe, the diversity of strategies that exist, as well as issues for consideration in manager selection.

September 2015
UCITS Liquid Alternatives & Hedge Funds

UCITS Liquid Alternatives & Hedge Funds
Why UCITS? Why Now? FAQs answered.

August 2015
Alternative Beta

Alternative Beta
In this paper, bfinance’s Chris Stevens examines ‘alternative beta’, a further extension of beta investing into the realm of alternatives. From its definition and implementation to why invest, he also explores some potential issues for consideration.

February 2015
Investment Management Fees - Seeking Value for Money

Investment Management Fees - Seeking Value for Money
bfinance's latest study on investment management fees reveals that reliable alpha does not, necessarily, come with higher charges for investors. Rather, consistent and outperforming managers tend to follow a slightly below average pricing policy, leaving the most sophisticated institutional investors with a significant ability to find the best value for money through negotiation.

November 2014
Building More Robust Portfolios

Building More Robust Portfolios
Dr Chris Jones, Head of bfinance London, and Dr Toby Goodworth, Head of Risk Management, discuss a methodology to build more robust portfolios that have a better chance of holding up in tough times

October 2014
Managed Futures and Core Trend-Following

Managed Futures and the Emergence of Core Trend-Following
Dr Toby Goodworth, Director in the Hedge Fund and Liquid Alternatives team at bfinance, investigates Managed Futures strategies, assessing the recent development of Core Trend-Following and the benefits they could bring to institutional investors’ portfolios

June 2014
Risks in Private Real Estate Investing

Risks in Private Real Estate Investing
Derek Williams, Head of Private Markets, highlights the main risks associated with investing in real estate – both via funds and directly – and comments on how to analyse and mitigate these risks.

June 2014
Hybrid Bonds Viewpoint

Fixed Income – Hybrid Bonds Viewpoint
As Hybrid Bonds enjoyed record issuance levels over 2013, Mathias Neidert, Head of Public Markets Research, takes a look at the asset class and reviews some of the critical factors that potential investors should keep in mind.

April 2014
Focus Ukrainian Crisis

Ukraine Crisis – Increasing Segmentation, But Limited Contagion

April 2014
White Paper - Absolute Return Strategies

Absolute Return Strategies - Dissecting the Manager Universe
bfinance’s research team landscapes in this short paper the market for “all weather funds”, and what investors are actually getting under the wrappers.

March 2014
White Paper - Allocating to Smart Beta

The Practicalities of Allocating to Smart Beta
Das Dokument beleuchtet wichtige Aspekte, die Anleger im Investitionsprozess - von der Ausgangsüberlegung über die Managerauswahl bis hin zur Implementierung - berücksichtigen sollten. Die Erkenntnisse dieser Studie beruhen in erster Linie auf einer Ausschreibung für einen großen Corporate Investor, der „Smart Beta“ als skalierbare und kostengünstige Variante sieht aktive Aktienrenditen zu erwirtschaften.

January 2014
Pension Fund Asset Allocation Survey

Pension Fund Asset Allocation Survey 2014
Shielding From Potential Market Storms Ahead

The 9th edition of the bfinance Pension Fund Asset Allocation Survey provides insights into how major asset owners plan to respond to the anticipated scale down in the Federal Reserve’s asset purchase programme. In their responses, institutional investors reiterate their intention to allocate more to private assets. In order to protect their portfolios from anticipated future volatility, they show an interest in solutions that permit an increased exposure to risky assets through an improved management of volatility.

January 2014
White Paper - Bond Management in Volatile Times

Die größer werdende Bedeutung von Risikomanagementsystemen
Eine bfinance-Umfrage zeigt, dass die Ressourcen vieler Investoren für Risikomanagementsysteme unzureichend sind.

July 2013
White Paper - Review of Smart Beta Approaches

Kombination von Smart Beta-Ansätzen
Die Kombination von Smart Beta-Ansätzen ist ein kosteneffektiver Weg zur Verbesserung der Portfolioperformance, ohne ein zu hohes Tracking Error-Risiko zu produzieren. Es ist notwendig die unterschiedlichen Risikoprämien dieser Smart Beta-Ansätze zu verstehen.

April 2013
Risk Management Survey

Aufruf zum aktiven Bond Management
Da Zentralbanken über die Anpassung ihrer Geldpolitik nachdenken, wird in den nächsten Monaten von einem steigenden Volatilitätsumfeld auszugehen sein. Zinsmanagement wird hierdurch an Bedeutung gewinnen. Gleichzeitigt sollten Investoren auch Alphaquellen berücksichtigen, die einen konsistenteren Ertrag pro Risikoeinheit versprechen.