Insights

Whale Watching in the Financial Seas

As our regular readers might ascertain from prior pieces like FOMC Gymnastics and a Potential Policy Misstep, Walking a Tightrope with the Fed, and Policy Pivots & the Federal Reserve Reaction Function, it has always been important to consider the Federal Reserve (the “Fed”) and actions of its Federal Open Market Committee (the “FOMC”) when […]

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Research

“Peeky” Blinders

When individuals have uncertainty about a specific product or idea, they will often look to what their peer group is doing to help them decide. Social proof is a behavioural bias that can lead to decision making errors. By embracing a process-driven research flow to guard against behavioural biases and data peeking, Viewpoint can distinguish between true and false alpha.

Plot Twist: Your Bond Portfolio May Be Riskier Than You Think

Geek Level: Read Time: The Speed Read: Bonds are traditionally thought of as risk-free or safe-haven assets. However, fixed income investments have unique risks relating to their sensitivity to interest rate fluctuations. Sensitivity to interest rates movements means that bonds are not risk-free, especially if not held until maturity. Modified duration measures the sensitivity of […]

Rising From the Ashes

Geek Level: Read Time: The Speed Read: Diversification is the first line of defence for an investment portfolio. Utilizing a risk-parity engine for portfolio construction creates a portfolio that reduces the severity of drawdowns while increasing expected returns. Volatility scaling to tactically adjust the portfolio’s gross exposure acts as a stabilizing force in time of […]
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White Paper

Revisiting Shrinkage: Covariance Matrix Estimation in the Modern Age

One of the great truisms in modelling is "garbage in, garbage out." In few places is that more important than in financial modelling.
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News & Insights

Whale Watching in the Financial Seas

As our regular readers might ascertain from prior pieces like FOMC Gymnastics and a Potential Policy Misstep, Walking a Tightrope with the Fed, and Policy Pivots & the Federal Reserve Reaction Function, it has always been important to consider the Federal Reserve (the “Fed”) and actions of its Federal Open Market Committee (the “FOMC”) when […]

Fishing on Thin Ice

Society is marching towards artificial general intelligence (AGI), whether we like it or not. The latest milestone towards AGI has been the development

Developments in Mental Health Economics

In the last decade, there has been growing recognition of the importance of mental health economics, or the study of the economic
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