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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Balancing model performance and complexity in real-world analytics applicationsState Street
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 RealityState Street
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 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.
This issue of our local newsletter in Italy is dedicated to the Asset Managers campaign. It combines articles on results of the AM research with interviews from local players (clients, prospects, consultants, etc.).
Opportunities for Optimism? A New Vision for Value in Asset ManagementState Street
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.
The Innovator’s Journey: Insurance Sector InsightsState Street
On behalf of State Street, Longitude conducted a global survey of senior executives at investment
organizations during October and November 2014. We asked them to self-assess their confidence and
progress across six data capabilities, including infrastructure, insight, adaptability, compliance, talent and
governance. The 400 respondents were drawn from 11 countries and included insurance companies,
private and public pension funds, fund-of-funds, foundations, central banks, endowments, sovereign
wealth funds and supranationals. One-hundred insurance companies participated in the survey.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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.
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.
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.
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.
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.
Balancing model performance and complexity in real-world analytics applicationsState Street
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 RealityState Street
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 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.
This issue of our local newsletter in Italy is dedicated to the Asset Managers campaign. It combines articles on results of the AM research with interviews from local players (clients, prospects, consultants, etc.).
Opportunities for Optimism? A New Vision for Value in Asset ManagementState Street
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.
The Innovator’s Journey: Insurance Sector InsightsState Street
On behalf of State Street, Longitude conducted a global survey of senior executives at investment
organizations during October and November 2014. We asked them to self-assess their confidence and
progress across six data capabilities, including infrastructure, insight, adaptability, compliance, talent and
governance. The 400 respondents were drawn from 11 countries and included insurance companies,
private and public pension funds, fund-of-funds, foundations, central banks, endowments, sovereign
wealth funds and supranationals. One-hundred insurance companies participated in the survey.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
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Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.