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April 2018

Petro-Yuan: The Death of U.S. Dominance?

2018-04-28T10:05:13+00:00

To understand the recent situation regarding China and the oil industry, it is important to note some key points that put things into context: Oil is the most traded commodity in the world. China is the world's largest consumer of oil. They only became the largest importer of oil in 2016, before that it was [...]

Petro-Yuan: The Death of U.S. Dominance? 2018-04-28T10:05:13+00:00

Understanding the U.S. Interest Rate Hikes

2018-04-10T11:45:01+00:00

On Wednesday 21 March 2018, the Federal Open Market Committee (FOMC) of the Federal Reserve Bank (Fed) announced they would raise the interest rates by 0.25 % to a new target range between 1.5 % and 1.75 %. The FOMC argues that compared to its last meeting in January 2018, the economic activity and labor market [...]

Understanding the U.S. Interest Rate Hikes 2018-04-10T11:45:01+00:00

U.S. & China Trade Tariffs: An Escalating Situation

2018-04-09T10:51:23+00:00

On Tuesday 3rd April, the U.S. released its initial list of 1,333 Chinese products that would be subject to a 25% tariff of roughly $50 billion. This includes products such as raw materials, construction machinery, agricultural equipment, electronics, medical devices and consumer goods. There will be a 60-day comment period, during which time businesses and [...]

U.S. & China Trade Tariffs: An Escalating Situation 2018-04-09T10:51:23+00:00

March 2018

Are Quant Hedge Funds Suffering?

2018-03-20T22:52:01+00:00

In recent years, large segments of hedge funds had been struggling with poor performance, thanks to the low volatility environment we had been seeing in the markets. This was even beginning to lead to a lot of client fund redemptions. However, in February we finally saw volatility make a dramatic shift and move heavily upwards. [...]

Are Quant Hedge Funds Suffering? 2018-03-20T22:52:01+00:00

February 2018

Last Look

2018-02-27T00:00:25+00:00

Last week the British Investment Association issued guidelines that will address concerns about the transparency of forex trading, particularly with the use of ‘Last Look’. This is something that asset managers had been complaining about, since it potentially means banks can misuse trade information to gain an unfair advantage. This also means asset managers cannot [...]

Last Look 2018-02-27T00:00:25+00:00

The ‘short vol’ Trade

2018-02-11T20:17:22+00:00

In this article, we analyse the disastrous ‘short vol’ trade that wiped out a lot of traders last week and draw some lessons learned from it.   The VIX is the Chicago Board Options Exchange Volatility Index. It shows the expected 30-day volatility of the S&P 500 by calculating the implied volatilities on options relating [...]

The ‘short vol’ Trade 2018-02-11T20:17:22+00:00

Blockchain and Cryptocurrencies Without the Hype – and What They Mean for the Private Wealth Industry

2018-02-11T20:26:24+00:00

Guest post by Vladimir Dimitroff with Dr Alexander Cassar. . . . It is impossible today to open any news source without a headline (or several) about Bitcoin and related matters jumping out at the reader and loudly demanding attention. It is no longer the domain of techno geeks or shady characters trading in illicit [...]

Blockchain and Cryptocurrencies Without the Hype – and What They Mean for the Private Wealth Industry 2018-02-11T20:26:24+00:00

January 2018

US Government Shutdown … What now?

2018-02-11T16:16:21+00:00

This weekend, exactly one year since President Trump’s inauguration, the US Government shutdown became a reality as the US Senate were unable to agree a deal, meaning the US Government at the time of writing this article is now shut down. Of course, essential functions will still operate, but this is still a big problem [...]

US Government Shutdown … What now? 2018-02-11T16:16:21+00:00

August 2017

Scaling The Wealth

2017-08-30T16:53:49+00:00

Guest post by Vladimir Dimitroff with Aastha Dhawan MSc, LSE The Accelerating Consolidation within the UK Wealth Management Industry   The private banking and wealth management industry in the UK is going through a significant change. Historically evolved into a diverse ecosystem of company types and sizes, it responds to external challenges with a marked [...]

Scaling The Wealth 2017-08-30T16:53:49+00:00

May 2017

Man vs. Machine

2017-08-30T16:21:35+00:00

Guest Post by Monogram Capital Management. The overwhelming and indeed frequently published evidence that active funds across all asset classes are the poorly performing cousins of their passive rivals should come as no surprise given the large number of clever researchers doing their earnest best to ensure market efficiency1. Furthermore, the gold standard investment management [...]

Man vs. Machine 2017-08-30T16:21:35+00:00