February 2012

Equities Roundup: Major Indices Rally, But Asset Managers Take a Defensive Posture

Equity Investments

Risk on! This has been the investor battle cry since stocks bottomed out in the fall of 2011, and global equities have been on a tear ever since, with many major indices rallying 20% or more. Investors seem to be discounting signs of a resurgent U.S. economy, indications that the crisis in Europe may be contained, and a soft landing in China. Or maybe they are just fed up with the paltry yields offered by bonds. Read more

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Private Wealth Roundup

Private Wealth Management

The big news for watchers of the wealthy (and U.S. elections) came in late January when Mitt Romney disclosed his tax returns for 2010. Not surprisingly, the presidential wannabe’s low effective tax rate prompted uproar and provided the news media with plenty of fodder. Read more

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Take 15 Series: Selecting and Implementing a Fixed-Income Attribution System

Performance attribution has become a standard requirement for institutional clients. This episode discusses practical issues selecting and implementing a fixed-income attribution system. The method requires a great deal of data and high-quality data management systems, but it could be the basis for a standard method of performance attribution in the fixed-income market. Read more

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Will “Incredible India” Be Incredible Again in 2012?

To say that last year was annus horribilis for the Indian economy is an understatement. With inflation above 9%, the Reserve Bank of India raised key interest rates several times only to see GDP growth projections drop to the 6%–7% range. Nonetheless, a panel of financial executives felt sure that with a few policy tweaks the year 2012 will be better than 2011. Read more

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Ethics Roundup

Standards, Ethics, and Regulations

Unfortunately, stories of unethical behavior by both individuals and financial institutions continue to dominate the business news headlines. Insider trading and the integrity of asset managers’ performance reports have been major themes over the past few months. Read more

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