December-January 2015

Fiona RintoulThe best kind of research is the kind that confirms what you already believe. Thus, I was delighted to stumble across some new research from Kathleen D Vohs, professor of

BallerinaIn the march towards financial stability, attention is turning towards the funds industry. Asset management denies it poses a systemic risk. But Fiona Rintoul finds this view may be too shallow. 

Litmus paperIn theory, absolute return bond funds should make money in all market scenarios. But when they are tested, such as during the 2013 taper tantrum, not all succeed. George Mitton reports.

Xavier GuillonScrapping rebates could hurt less well-known fund houses and stifle consumer choice, Xavier Guillon, the head of Oyster Funds from Switzerland's Syz Asset Management, tells Nick Fitzpatrick

Fasion modelBreaking up conglomerates is challenging, but investment banks often pitch the concept that value in individual businesses will be set free. Stefanie Eschenbacher explores the investment case for conglomerates.

ContactlessHow expensive will the AIFMD be for hedge funds and their administrators? Stefanie Eschenbacher seeks numbers and asks if costs will be passed down the chain.

Assorted sweetsFrom multi-asset strategies to funds of funds, there has always been demand for products that can spread risk across portfolios. George Mitton talks first to a top-down, multi-asset investor, and then to a fund of hedge funds provider who prefers a bottom-up approach.

LionIn many cases investment banks have brought their custody and  capital markets businesses closer together. But is this a good mix? Nick Fitzpatrick talks to a number of custody heads about the implications.

BarometerLow interest rates and quantitative easing are there to foster growth. But the custodians see another side of the story. Nick Fitzpatrick talks to custody heads about countering revenue pressure.

GlassesTransparency of advisor fees, an aim of regulators everywhere, is increasing professionalism in retail financial advice. But the shift is a painful one. A panel of advisors met to discuss why.

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