21/03/2013
Securities Lending: Assessing Portfolio Risk and Return
David Chua, Hans-Christian Lüdemann, Crossan Barnes, Leslie Levine, Glenn Horner, Jeffrey Trencher Prior to the financial crisis, the risk/return dynamic within securities lending was academically well-understood, but ...
19/02/2013
Liquidity and Portfolio Choice: A Unified Approach
Will Kinlaw, Mark Kritzman, and David Turkington The authors propose a simple analytical construct for incorporating liquidity into portfolio choice. In cases where investors deploy liquidity to raise a portfolio’s expe...
01/02/2013
Regime Shifts: Implications for Dynamic Strategies
Regime shifts present significant challenges for investors because they cause performance to depart significantly from the ranges implied by long-term averages of means and covariances. But regime shifts also present opp...
01/11/2012
Up, Up and Here to Stay
SLT talks to Francesco Squillacioti of State Street about beneficial owner interest in Asia and the continent's regulatory roadmap What stage are the securities lending markets at in Asia? Asian markets have developed s...
09/02/2012
Inflation: The Challenge for Latin America Investors
Roberto Rigobon is the Society of Sloan Fellows Professor of Applied Economics at the Sloan School of Management, MIT, a research associate of the National Bureau of Economic Research, a member of the Shadow Committee fo...
05/01/2012
Currency Markets Today
From record global investment flows to macroeconomic imbalances, rising fiscal deficits and sovereign risk, and galloping currency volatility, today’s institutional investors and asset managers are vitally interested in ...
07/11/2011
Passive Currency Management: Policy Decisions For Optimal Implementation
Investors were once content to focus solely on the attributes of global sectors, stocks or bonds in the belief that fluctuations between the value of their home currencies and the currencies in which these investments we...
07/09/2011
New Measures of Systemic Risk
Systemic risk has emerged as a critical challenge for asset owners and managers around the world. But what exactly is systemic risk? Can it be measured? Can financial professionals deploy an early warning system to ident...
11/08/2011
Turbulence, Systemic Risk, and Dynamic Portfolio Construction
Will Kinlaw, managing director and head of the Portfolio and Risk Management group for State Street Associates, was a presenter at the 16th annual Global Investment Conference, held in Banff, Alberta, Canada. Below is a...
08/08/2011
Securities Lending in Asia: Time to Look Forward
Securities lending has become a much-discussed topic not just among those working inside it, but across the financial industry. While not all of the discussions generated positive headlines, given the turmoil experience...