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.
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.
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.
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.
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.
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.
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.
The Universal Account Number (UAN) by EPFO centralizes multiple PF accounts, simplifying management for Indian employees. It streamlines PF transfers, withdrawals, and KYC updates, providing transparency and reducing employer dependency. Despite challenges like digital literacy and internet access, UAN is vital for financial empowerment and efficient provident fund management in today's digital age.
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.
The Universal Account Number (UAN) by EPFO centralizes multiple PF accounts, simplifying management for Indian employees. It streamlines PF transfers, withdrawals, and KYC updates, providing transparency and reducing employer dependency. Despite challenges like digital literacy and internet access, UAN is vital for financial empowerment and efficient provident fund management in today's digital age.
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting, 8th Canadian Edition by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Ebook Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Pdf Solution Manual For Financial Accounting 8th Canadian Edition Pdf Download Stuvia Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Financial Accounting 8th Canadian Edition Ebook Download Stuvia Financial Accounting 8th Canadian Edition Pdf Financial Accounting 8th Canadian Edition Pdf Download Stuvia
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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.
How Does CRISIL Evaluate Lenders in India for Credit RatingsShaheen Kumar
CRISIL evaluates lenders in India by analyzing financial performance, loan portfolio quality, risk management practices, capital adequacy, market position, and adherence to regulatory requirements. This comprehensive assessment ensures a thorough evaluation of creditworthiness and financial strength. Each criterion is meticulously examined to provide credible and reliable ratings.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
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.