Rolf Banz on investment
A personal perspective on investment issues
  • Home
  • About
  • Archives
Browse: Home / Asset allocation

Asset allocation

Did The Economist miss the point?

By Rolf on 13 May 2014

Ten days ago, a teaser on the cover of The Economist proclaimed the “Death of the fund manager”. Inside, there was a leader – which is what The Economist calls its editorials – and a lengthy article. Given the tone of the teaser, the content is hardly surprising. It berates financial intermediaries for their greed […]

Posted in Active/passive management, Investment strategy | Tagged Asset allocation, Manager selection | 1 Response

Alpha in tactical asset allocation

By Rolf on 9 August 2012

It is easy to beat the benchmark of a balanced portfolio in the long run. All we have to do is systematically overweight the riskier asset classes to capture their higher risk premiums. This may add some volatility but will almost certainly lead to a better long-term performance. Many years ago, I suggested this approach […]

Posted in Active/passive management | Tagged Alpha, Asset allocation, Performance, TAA

Wealth preservation: an illusion?

By Rolf on 26 February 2012

This is the second in a short series of posts on the recent update of the Dimson-Marsh-Staunton long-term return study sponsored by Credit Suisse. Barron’s publishes annual lists of the richest families in the US and around the world. One striking aspect of those lists is the absence in the top 100 of the great […]

Posted in Wealth preservation | Tagged Asset allocation, Dimson-Marsh-Staunton, Family wealth, Inflation

The long-term risk of bonds

By Rolf on 16 February 2012

This is the first in a short series of posts on the recent update of the Dimson-Marsh-Staunton long-term return study sponsored by Credit Suisse. The Dimson-Marsh-Staunton study, first published twelve years ago under the title Triumph of the Optimists, covers a number of important investment issues based on an abundance of statistical information on equities, […]

Posted in Building blocks | Tagged Asset allocation, Bonds, Dimson-Marsh-Staunton

About this weblog and its author

Rolf Banz spent his career in the investment industry in the US, the UK and, most recently, in Switzerland. To older people, he is known as the "father of the small firm effect". This weblog consists of a series of essays and shorter pieces on a range of issues at the intersection of institutional investment and investment theory. Please see this post for a description of the objectives of the weblog and the About page for further information on the author and the site.

Subscribe to feeds

Posts
Comments

Links that inspire

  • Cliff Asness of AQR
  • Matt Levine's Money Stuff

Links just for fun

  • Powers of 10
  • Turning words into graphics

Categories

  • Comments/ramblings
  • Essays
    • Active/passive management
    • Building blocks
    • Investment strategy
    • Wealth preservation
  • Oldies
  • Q&A/misunderstandings
  • Uncategorized

Tag Cloud

Alpha Anomalies Asset allocation Asset pricing Beliefs Bonds Buy-and-hold CAPM Crash Dimson-Marsh-Staunton Emerging markets Empirical research Family wealth Hedge funds Housekeeping Inflation IPO Manager selection Market efficiency Offshore private banking Pension funds Pension liabilities Performance Philosophy Portfolio insurance Private equity Reporting Small caps Smart beta Statistics Structured products Style bias Switzerland TAA

Copyright © 2023 Rolf Banz. Disclaimer/copyright notice.

Powered by WordPress, Hybrid and Outline