Virus vs Markets

Virus vs Markets There is an unfortunate history of epidemics around the world, with Coronavirus being the most recent outbreak. Since 1981, there have been 13 major cases recorded globally, with the MSCI World Index falling 9 out of 13 times (69% of the time) in the month following the outbreak:   Source: Charles Schwab,…

What is PROD?

Living with PROD Where would regulators be without their acronyms? Nevertheless, PROD has potentially far-reaching consequences for your business. Understanding your shared responsibilities with product providers and fund platforms is critical. What is PROD? Designed by the UK Financial Conduct Authority (“FCA”) to ensure compliance with MiFID II, PROD – or ‘Product Intervention and Product…

Both sides of the coin

Both sides of the coin This article looks to recap on the highs and lows of 2019 and what we can learn from what we have seen and heard across the industry. Against a strong and stable market backdrop that saw global equity markets continue to march higher and higher, the year came with a…

Quant investing

Is a quant-only investment strategy enough?

Is a quant-only investment strategy enough? The great and necessary question posed by Portfolio Adviser in a recent article Could Quants save advisers from the ‘cult of star managers’? has led us to debate whether a quant-only approach is enough to avoid investing in funds purely based on past reputation? A fully quant system will…

An Introduction to Machine Learning

Machine learning may have been a buzzword for a while, but if you don’t know what it is, you’re certainly not alone. Rumours abound what it is – and isn’t – so let’s go back to basics to ascertain its true nature. Arthur Samuel, one of the 20th century’s greatest scientific minds, put it best…