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My Future Classroom
The document is a Haiku Deck presentation containing 20 photos credited to various photographers. It does not contain any text descriptions or captions for the photos. The presentation is encouraging the viewer to be inspired to create their own Haiku Deck presentation on SlideShare.
Opportunities for Optimism? A New Vision for Value in Asset Management
Asset managers are playing for high stakes. A rising market creates opportunities on multiple fronts, but the industry's optimism may be tested by new risks, changing client demands and non-traditional competitors. Our research identifies four emerging "value drivers" that may shape the industry's future success.
State Street LIVE: Munich
Market experts and innovators joined State Street LIVE in Munich to share their insights on disruptive technologies, ESG, digital assets and more.
State Street LIVE: Research Retreat
Industry experts, academics and innovators share fresh perspectives on where markets are heading this year and beyond.
Massachusetts Conference for Women
The document contains advice from several executives on networking, working with others, and overcoming challenges. Lynn Blake recommends working with colleagues who continue to challenge each other. Pinar Kip suggests deeply connecting with two people at events rather than exchanging many business cards, and notes that networking can be combined with other tasks like getting coffee. Kathy Horgan commits to continuing efforts to create diversity and inclusion at State Street. Hannah Grove advises seeking people who will challenge and speak truthfully to you.
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Some of our most innovative thinkers joined our European Consultants Conference to explore how a local touch could lead to a more efficient global reach.
State Street LIVE
Insights from innovators and changemakers representing a wide range of industries, organizations and perspectives. #statestreetlive
European Client Conference
The investment industry is at a turning point. Interest rates are rising, the tide of globalization is turning and technology is disrupting age-old business models. Industry experts joined our European Client Conference to explore the current market environment and discuss what’s ahead.
Recommended
My Future Classroom
The document is a Haiku Deck presentation containing 20 photos credited to various photographers. It does not contain any text descriptions or captions for the photos. The presentation is encouraging the viewer to be inspired to create their own Haiku Deck presentation on SlideShare.
Opportunities for Optimism? A New Vision for Value in Asset Management
Asset managers are playing for high stakes. A rising market creates opportunities on multiple fronts, but the industry's optimism may be tested by new risks, changing client demands and non-traditional competitors. Our research identifies four emerging "value drivers" that may shape the industry's future success.
State Street LIVE: Munich
Market experts and innovators joined State Street LIVE in Munich to share their insights on disruptive technologies, ESG, digital assets and more.
State Street LIVE: Research Retreat
Industry experts, academics and innovators share fresh perspectives on where markets are heading this year and beyond.
Massachusetts Conference for Women
The document contains advice from several executives on networking, working with others, and overcoming challenges. Lynn Blake recommends working with colleagues who continue to challenge each other. Pinar Kip suggests deeply connecting with two people at events rather than exchanging many business cards, and notes that networking can be combined with other tasks like getting coffee. Kathy Horgan commits to continuing efforts to create diversity and inclusion at State Street. Hannah Grove advises seeking people who will challenge and speak truthfully to you.
European Client Conference
Some of our most innovative thinkers joined our European Consultants Conference to explore how a local touch could lead to a more efficient global reach.
State Street LIVE
Insights from innovators and changemakers representing a wide range of industries, organizations and perspectives. #statestreetlive
European Client Conference
The investment industry is at a turning point. Interest rates are rising, the tide of globalization is turning and technology is disrupting age-old business models. Industry experts joined our European Client Conference to explore the current market environment and discuss what’s ahead.
Brexit Explainer Series
This document discusses the impact of Brexit on markets and risks. It shows that while investors were prepared for weakness in the British pound, the key question is whether they will maintain their UK asset holdings. European systemic risk spiked following Brexit, showing markets have become more fragile. Data so far shows investors are not becoming broadly more risk averse in response to Brexit, pointing to "no panic" for now. The document warns that uncertainty from Brexit could lead to a UK recession and discusses potential contagion risks to other European countries.
State Street Global Research Retreats
This document summarizes talks given at State Street Global Research Retreats in Boston, London, and Asia Pacific. It provides quotes from six speakers: Jeremy Stein discussing macroeconomic risks following periods of elevated credit market sentiment; Robert Rigobon on multinational importers having predictive power on nominal exchange rates; Mark Kritzman introducing a new procedure to improve portfolio risk estimation; Kenneth Froot discussing new behavioral indicators and client anonymity from SSA data flows; Martin Weale stating the productivity shortfall has become international; and Stefan Thomke on designing customer experiences through play and stories.
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SSGA’s Ron O’Hanley believes the time has come for universal workplace coverage in a retirement savings plan.
Asset Owner Client Quote
Pension boards require representation from key stakeholders with expertise in strategic management, human resources policy, finance, and investing to ensure a balanced perspective. Directors with experience in these critical areas can provide strategic guidance on managing pensions. Representation from stakeholders knowledgeable about strategic planning, personnel issues, finances, and investments allows pension boards to make well-informed decisions.
Alternatives Experts Wanted
Only 23% of senior executives from 400 pension funds surveyed described their own institutions' knowledge of alternative assets like private equity and hedge funds as "very high". The survey was conducted globally across 20 countries in late 2015 by research firm Longitude on behalf of State Street.
Search for Transparency
Nearly half of pension professionals struggle to gain transparency on risks from alternative assets according to a 2015 survey. The survey polled 400 senior executives in the pension fund industry across 20 countries. It found that 46% had difficulty understanding risks from investments like hedge funds and private equity.
Acceleration into Alternatives
Headlines question investors’ appetite for alternatives; but our research shows this may be a short-term blip.
PWC Quote
A single system for asset management, modeling, and actuarial valuations could halve advisor and analytics costs according to Raj Mody, Head of PwC's Pensions Consulting Group. Having one system for asset information, liability modeling, actuarial valuations, and more could significantly reduce costs by streamlining different processes and roles onto a single platform. Mody believes unifying these various functions into one system could potentially cut advisor and analytics expenses in half.
Ilmarinen Quote
The fund manager feels it is more effective to manage their European equity portfolio internally rather than outsourcing it, while they bring in external help to manage developing markets. The president and CEO of Ilmarinen Mutual Pension Insurance stated that they manage their European equity portfolio in-house and use outside help for developing markets. They keep European equity management internal while outsourcing developing markets.
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The Explainer Series is developed around an “Ideas in 5” education concept---the 5 key messages you need to know about blockchain.
Balancing model performance and complexity in real-world analytics applications
This document discusses balancing model complexity and performance in real-world analytics applications. It uses collateralized debt obligations (CDOs) as a case study, noting they were simple in concept but complex in structure. Early CDO models underestimated risk. More complex portfolio simulation models that sample across latent factors can better model risk but require more computing power. The document discusses defining and driving complexity, as well as choosing models based on performance, communication ability, and other criteria. It notes both simplicity and complexity can be desirable goals depending on the situation.
Nordic Pension Funds Embrace a New Reality
The document discusses challenges facing Nordic pension funds, including rising longevity, stringent solvency requirements, exposure to global markets, and aging populations. Pension funds in Sweden, Finland, Norway, and Denmark are undergoing reforms to address these issues, such as increasing retirement ages and adopting more defined contribution plans. Nordic funds are also diversifying their portfolios, increasing their use of alternative assets and passive investment strategies, and enhancing internal expertise and oversight of external managers. Improving data management and technology is seen as important for better governance and decision making.
The Folklore of Finance
The document discusses how "folklore", or shared beliefs rooted in human bias, influence behaviors in the investment management industry in detrimental ways. Specifically, it outlines how the industry's focus on producing alpha, reliance on past performance, and definitions of success that prioritize short-term gains over long-term investor goals have led to failures to achieve true success or help investors meet their long-term financial objectives. The document advocates for reallocating resources away from activities that contribute little value and toward those that better support investors' long-term needs through emphasizing goal prioritization, effective communication, and incorporating insights from behavioral finance.
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Brexit Explainer Series
This document discusses the impact of Brexit on markets and risks. It shows that while investors were prepared for weakness in the British pound, the key question is whether they will maintain their UK asset holdings. European systemic risk spiked following Brexit, showing markets have become more fragile. Data so far shows investors are not becoming broadly more risk averse in response to Brexit, pointing to "no panic" for now. The document warns that uncertainty from Brexit could lead to a UK recession and discusses potential contagion risks to other European countries.
State Street Global Research Retreats
This document summarizes talks given at State Street Global Research Retreats in Boston, London, and Asia Pacific. It provides quotes from six speakers: Jeremy Stein discussing macroeconomic risks following periods of elevated credit market sentiment; Robert Rigobon on multinational importers having predictive power on nominal exchange rates; Mark Kritzman introducing a new procedure to improve portfolio risk estimation; Kenneth Froot discussing new behavioral indicators and client anonymity from SSA data flows; Martin Weale stating the productivity shortfall has become international; and Stefan Thomke on designing customer experiences through play and stories.
Ron O'Hanley's Open Letter to Congress
SSGA’s Ron O’Hanley believes the time has come for universal workplace coverage in a retirement savings plan.
Asset Owner Client Quote
Pension boards require representation from key stakeholders with expertise in strategic management, human resources policy, finance, and investing to ensure a balanced perspective. Directors with experience in these critical areas can provide strategic guidance on managing pensions. Representation from stakeholders knowledgeable about strategic planning, personnel issues, finances, and investments allows pension boards to make well-informed decisions.
Alternatives Experts Wanted
Only 23% of senior executives from 400 pension funds surveyed described their own institutions' knowledge of alternative assets like private equity and hedge funds as "very high". The survey was conducted globally across 20 countries in late 2015 by research firm Longitude on behalf of State Street.
Search for Transparency
Nearly half of pension professionals struggle to gain transparency on risks from alternative assets according to a 2015 survey. The survey polled 400 senior executives in the pension fund industry across 20 countries. It found that 46% had difficulty understanding risks from investments like hedge funds and private equity.
Acceleration into Alternatives
Headlines question investors’ appetite for alternatives; but our research shows this may be a short-term blip.
PWC Quote
A single system for asset management, modeling, and actuarial valuations could halve advisor and analytics costs according to Raj Mody, Head of PwC's Pensions Consulting Group. Having one system for asset information, liability modeling, actuarial valuations, and more could significantly reduce costs by streamlining different processes and roles onto a single platform. Mody believes unifying these various functions into one system could potentially cut advisor and analytics expenses in half.
Ilmarinen Quote
The fund manager feels it is more effective to manage their European equity portfolio internally rather than outsourcing it, while they bring in external help to manage developing markets. The president and CEO of Ilmarinen Mutual Pension Insurance stated that they manage their European equity portfolio in-house and use outside help for developing markets. They keep European equity management internal while outsourcing developing markets.
State Street Explains...
Blockchain is a distributed digital ledger that records transactions in a verifiable and permanent way. It allows market participants to digitally record transactions without the need for a central authority. Blockchains use cryptography to keep records secure and decentralized across a network.
State Street Explains Blockchain
The Explainer Series is developed around an “Ideas in 5” education concept---the 5 key messages you need to know about blockchain.
Balancing model performance and complexity in real-world analytics applications
This document discusses balancing model complexity and performance in real-world analytics applications. It uses collateralized debt obligations (CDOs) as a case study, noting they were simple in concept but complex in structure. Early CDO models underestimated risk. More complex portfolio simulation models that sample across latent factors can better model risk but require more computing power. The document discusses defining and driving complexity, as well as choosing models based on performance, communication ability, and other criteria. It notes both simplicity and complexity can be desirable goals depending on the situation.
Nordic Pension Funds Embrace a New Reality
The document discusses challenges facing Nordic pension funds, including rising longevity, stringent solvency requirements, exposure to global markets, and aging populations. Pension funds in Sweden, Finland, Norway, and Denmark are undergoing reforms to address these issues, such as increasing retirement ages and adopting more defined contribution plans. Nordic funds are also diversifying their portfolios, increasing their use of alternative assets and passive investment strategies, and enhancing internal expertise and oversight of external managers. Improving data management and technology is seen as important for better governance and decision making.
The Folklore of Finance
The document discusses how "folklore", or shared beliefs rooted in human bias, influence behaviors in the investment management industry in detrimental ways. Specifically, it outlines how the industry's focus on producing alpha, reliance on past performance, and definitions of success that prioritize short-term gains over long-term investor goals have led to failures to achieve true success or help investors meet their long-term financial objectives. The document advocates for reallocating resources away from activities that contribute little value and toward those that better support investors' long-term needs through emphasizing goal prioritization, effective communication, and incorporating insights from behavioral finance.
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Balancing model performance and complexity in real-world analytics applications
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