Publications 2014


December 2014 Investment Focus, “Liquid Alternatives — Alternative Mutual Fund Primer”

Alternative mutual fund managers attempt to pursue hedge fund strategies but must do so under federal mutual-fund regulations that include strict rules on liquidity, leverage and fees. This issue of Investment Focus reviews alternative mutual funds and provides an in-depth analysis of their historical performance compared to hedge funds. Read the entire publication.

 

December 2014 LCP Vista, “Our Investment View”

Smart beta, activist investing and climate-change risk are just a few of the topics covered in this issue of LCP Vista, a periodic selection of articles by LCP investment professionals. This issue also outlines LCP’s view of the macroeconomic environment; discusses the benefits of private credit; and examines the use of options to protect profits. A follow-up issue is to be released in six months. Read the entire publication.

 

November 2014 The Frontier Line, “Is Shale Gas the New Black?”

The U.S. is experiencing an energy revolution due to the use of unconventional sources of hydrocarbons, in particular natural gas — a trend with far-reaching economic consequences. This issue discusses the growing importance of this energy commodity and the potential opportunities for investors. Read the entire publication.

 

Third Quarter Update to the 2014 Investment Outlook

Segal Rogerscasey provides its updated views on the global economic environment after the third quarter of 2014, including a list of recent developments around the world the firm believes are positive and negative for investors. Read the entire publication.

 

Glossary of Investment Terms

From “absolute returns” to “zero-coupon bond,” the terms used by investment professionals and business journalists are made simple in this helpful guide. Read the entire publication.

 

November 2014 Research Trip Notes, “Observations on Real Assets” (North America)

The Real Assets Team at Frontier Advisors traveled to Canada and the U.S. to review opportunities in unlisted property and infrastructure. This report presents the team’s observations. Read the entire publication.

 

October 2014 Investment Insight, “Is the Price Right in Asset Management?”

Are higher asset management fees indicative of above-average performance or below-benchmark returns? This Investment Insight attempts to answer this age-old question by analyzing U.S. equity mutual fund performance over 10 years. Read the entire publication.

 

October 2014 Research Trip Notes, “Observations on Equities” (Europe)

The Equities Research Team at Frontier Advisors traveled to Edinburgh, London and Copenhagen to discuss the challenges facing global equity managers. One subject that routinely came up in discussions: generational change. Read the entire publication.

 

September 2014 Investment Insight, “Disparity? Risk Parity vs. the 60/40 Portfolio”

This issue discusses risk-parity portfolios. It uses data analysis and financial theory to assess both the shortcomings and potential value of this investment strategy, particularly compared to the traditional “60/40” portfolio. Read the entire publication.

 

September 2014 The Frontier Line, “Two Decades at the Frontier”

In this 100th edition of The Frontier Line, top experts from Frontier Advisors discuss what has changed for investors in areas such as governance, the markets and retirement over the past 20 years – and consider the opportunities ahead. Read the entire publication.

 

September 2014 Report, “Economic Scenario Generators”

This two-page report discusses Economic Scenario Generator (ESG), which many insurers use to assess market risk. The report stresses the importance of being able to understand an ESG well enough to challenge its key assumptions and use it effectively in decision-making. Read the entire publication.

 

August 2014 Investment Insight, “Defining Risk for Investors”

This issue considers the behavioral aspects of risk, focusing on four common biases that affect investors' ability to optimally manage assets, particularly in times of stress. Read the entire publication.

 

August 2014 The Frontier Line, “Does Good Governance Mean Good Performance?”

While there is much that investors cannot control, fund governance is one element they can. This issue examines the link between governance and investment performance. Read the entire publication.

 

August 2014 Investment Insight, “History Doesn’t Repeat: Past Performance is a Poor Predictor of Future Returns”

Past performance is a poor predictor of future success, Segal Rogerscasey contends in this issue about the firm’s latest study on investment manager performance. Read the entire publication.

 

 

August 2014 Report, “Activist Equity Investing: Unlocking Value by Acting as a Catalyst for Corporate Change”

This two-page report discusses activist equity investing and its potential to generate a higher return than conventional equity while being aligned with trustees’ wider governance and ownership responsibilities. Read the entire publication.

  

August 2014 Investment Insight, “Defining Risk for Investors”

This issue discusses the behavioral aspects of risk, focusing on four common biases that affect investors’ ability to optimally manage assets, particularly in times of stress. Read the entire publication.

 

Second Quarter Update to the 2014, “Investment Outlook

Segal Rogerscasey provides its updated views on the global economic environment after the second quarter of 2014, including a list of recent developments around the world that it believes are positive or negative for investors. Read the entire publication.

 

July 2014 Research Trip Notes, “Observations on Real Assets (U.K. and North America)”

Frontier Advisors traveled to the U.K., Canada and the U.S., meeting with a variety of cross-border, global pension fund investors to discuss their approach to real assets. Read the entire publication.

 

June 2014 Research Trip Notes, “Observations on Listed Equities (North America)”

Frontier Advisors travelled to North America in late May 2014 to meet with 30 fund managers covering global equities (value, growth, thematic, quantitative), emerging market equities and global small cap equities. This issue of Research Trip Notes presents the firm’s findings. Read the entire publication.

 

June 2014 The Frontier Line, “Fixed is Changing”

This edition of The Frontier Line highlights key differences between multi-sector and traditional fixed income investing, and discusses what multi-sector fixed income investing is, how to categorise the universe and some approaches to benchmarking, assessing and monitoring managers and strategies. Read the entire publication.

 

June 2014 Investment Focus, “Introduction to the Frontier Markets and the Opportunity They Present for Investors”

From Argentina to Zambia, rapidly developing countries known as frontier markets are garnering increased attention from investors. Frontier markets offer high returns and an asset class with relatively low correlations to more developed markets. However, investors must also be mindful of economic, social and political risks associated with frontier economies. This issue of Investment Focus discusses the traits of frontier markets, as well as whether and how investors should consider an allocation to the asset class. Read the entire publication.

 

June 2014 Investment Insight, “Implications of Geopolitical Instability for Investors: Spotlight on the Middle East”

With new violence erupting in Iraq in June 2014, Segal Rogerscasey reviewed financial data related to six past crises in the Middle East and examined their impact on global financial markets in this issue of Investment Insight, which also outlines possible steps investors can take to insulate portfolios from geopolitical instability. Read the entire publication.

 

May 2014 LCP International Update, “Current pension developments across the world”

For international companies, managing the design, cost and risk of multiple pension plans requires a detailed understanding of the rapidly changing legal, fiscal and regulatory environment in each country of operation. This report provides a global snapshot of recent developments and challenges that may have an impact on pension plans, company profits and balance sheets. Read the entire publication.

 

May 2014 Research Trip Notes, “Observations on Debt & Alternatives Markets (U.S.)”

Frontier Advisors regularly conducts research trips to observe and understand more about international investment trends. In May 2014, the firm traveled to the U.S. to meet with 30 fund managers, covering their views on a range of asset classes, including private equity, fixed interest and credit, multi-asset, multi-strategy, global macro, volatility and tail-risk hedging. This issue of Research Trip Notes presents the firm’s findings. Read the entire publication.

 

April 2014 LCP Interactive Report, “Navigating De-Risking”

This interactive online tool by LCP helps trustees and sponsors of defined-benefit pension schemes understand the journey ahead when considering de-risking. The report helps users to assess their current position along the de-risking journey; identify the potential actions to take along the way; and understand the benefits of each of those actions in the context of reaching the scheme’s end goal. Read the entire publication.

 

April 2014 The Frontier Line, “China Credit Growth”

China has experienced rapid credit growth — an issue that has been receiving increasing mainstream coverage. Frontier Advisors reviews that growth and its consequences. Read the entire publication.

 

April 2014 Research Trip Notes, “Observations on Debt & Alternatives Markets (Europe)”

The Frontier Advisors Debt and Alternatives Research team travelled to Edinburgh, London and Zurich in April 2014, meeting with more than 30 fund managers to discuss their views on numerous asset classes and investment strategies. These meetings enabled the analysis of a series of market views to compare and contrast in this issue of Research Trip Notes. Read the entire publication.

 

First Quarter Update to the 2014 Investment Outlook

Much like the four largest economic blocks — U.S., eurozone, Japan and China — whenever there is a sign that growth appears strong and sustainable, another economic cold front dips down to remind us of the fragility still felt from the now-five-years-past global financial crisis, Segal Rogerscasey experts write in their first quarterly update to the firm’s 2014 Investment Outlook, “Never Never Land.” Read the entire publication.

 

April 2014 The Frontier Line, “Global Perspectives on Asset Allocation”

Frontier Advisors has surveyed market participants about their global perspectives on asset allocation to analyse how investors have responded to the desire to stabilise investment portfolios following the global financial crisis. This paper discusses that analysis, which included insights from the firm’s GIRA partners in the U.S. and the U.K. Read the entire publication.

 

February 2014 LCP Global Benefits Update 2014, “As life expectancy increases, how to ensure you decrease your business risk”

The sixth edition of LCP’s Global Benefits Update focuses on the rise in life expectancy around the world and what actions companies need to take to lower their business risks wherever they have retirement plans. Key topics covered in the report include global trends in life expectancy; efficient longer retirement planning; regulatory and market developments around the world; and key points to be aware of related to the new IAS19 revised. Read the entire publication.

 

2014 Investment Outlook, “Never Never Land”

What major developments globally bode well (and not so well) for investors in the developed and developing worlds this year? In this detailed annual report, Segal Rogerscasey offers its forward-looking perspective on four broad investment classes: equities, interest rates and fixed income, alternative investments, and commodities. Read the entire publication.

 

January 2014 Investment Insight, “Don’t Let Past Performance Be the Primary Guide for Investment Manager Decisions”

An investment manager’s past performance, no matter how strong or weak, is no guarantee of future performance, so using performance data as the primary factor in investment manager decisions is unsound. That is the key takeaway in this Segal Rogerscasey and Segal Rogerscasey Canada Investment Insight. Read the entire publication.

 

 

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