Musical chairs at the Fed
Federal Reserve (Fed) Chair-designate Kevin Warsh successfully navigated his contentious Senate Banking Committee hearing this past Tuesday, potentially clearing the way for him to replace Jerome Powell when the current chair’s term expires on 15 May. Just as significant is that Jeanine Piro, US Attorney for the District of Columbia, announced she was closing her […]
China: a trot, not a gallop – so far
Fast reading Near-term earnings growth remains subdued, and in a market dominated by short-term capital, conviction has been slow to rebuild. Yet none of this negates the longer-term transition underway. China’s shift away from property toward technology, advanced manufacturing, renewables and automation remains intact. It is firmly established as the world’s number two player in […]
Market Snapshot
Markets move higher on ceasefire announcement
Seizing climate-related opportunities
Climate Change High Yield Credit, Annual Report 2025
How has quant investing evolved over time?
Over the past century, quantitative, or ‘quant’, investing has evolved from a purely theoretical concept to a practical approach to investing in financial markets. Ideas that were once confined to the world of academia have been implemented by numerous investment strategies – some with remarkable success. Quant models have undergone a significant evolution in […]
Market Snapshot
Iran war reframes Asia investment focus
Back to those other bricks
The Strait of Hormuz remains closed, and spot oil prices remain above the US$90 per-barrel level we flagged six weeks ago as a key hurdle for markets if sustained into May. Even so, risk assets have begun to look through the Iranian conflict. The rally in stocks may, in part, simply reflect “war news fatigue.” […]
Portfolio manager Q&A: MDT Market Neutral
MDT has been managing a market neutral approach for nearly 30 years, correct? Yes, we started managing a market neutral portfolio in 1997. It evolved from the observation that our quantitative approach, which seeks to predict the relative performance of all stocks in the US equity market, lent itself not only to selecting stocks with […]
Market Snapshot
Investor hopes rise on fragile truce
Biotechs and the potential AI advantage
The explosive growth of artificial intelligence (AI) has presented investors with both extraordinary opportunity and material risk since it burst onto the mainstream in the early 2020s. It has streamlined workflows, automated tasks and, in many cases, posed a direct threat to entire industries and workforces. But, for those looking to actively participate in the […]
