All Risk Management articles – Page 3
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White papersWhy We Believe Quality Is a Good Guide for Value Investing
Value investing involves picking stocks that are trading at attractive prices as determined by metrics such as price book and price earnings. Clients sometimes ask us why Breton Hill takes a quality approach to value investing when so many of our peers are focused on distressed value. In this note we review the history of applying quality to value investing in an effort to improve outcomes. We then conduct an out-of-sample analysis to assess whether this effect still holds in the more recent decade subsequent to the publication of well-known quality papers.
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PodcastEM Debt: The Improving Risk/Reward Dynamics
Dr. Ricardo Adrogué joins the podcast to discuss why risks including those related to inflation, interest rates and EM elections are increasingly behind us, setting the stage for a possible resurgence in investor appetite for EM Debt.
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White papersPublic Engagement Report Q2 2024
The Q2 Public Engagement Report from EOS at Federated Hermes focuses on animal testing at pharmaceutical companies and some of the innovative alternatives becoming available. Plus, how investors can assess companies’ climate transition plans, and highlights from this year’s AGM season.
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White papersA Preliminary Language for a Post-Global World
This book sets out what we see as the key issues facing asset owners in the macro environment, and shares the outlook for capital markets, strategic allocation and the future of the investment industry. It will also explore how the next ten years are likely to be very different from the 1980–2020 period.
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White papersEvaluating risk and reward in an ever-changing world
Private markets have grown exponentially since the Global Financial Crisis, and the growth story is far from over. We explore the risks and rewards of this often complex world and why expertise is crucial in achieving tangible results.
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White papersCalculated Risk Management: Strategy, Tools and Culture for Equity Portfolios
Investors need a better grasp of risk-management tools to gauge a portfolio’s strategic resilience in a rapidly changing world.
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White papersSpotting Hidden Extension Risk in Corporate Hybrids
Failure to call a hybrid at the first opportunity is rare but, if realised, can be negative for investors—can we identify the telltale signs of heightened risk?
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White papersInvesting in an Interconnected World: Cross-Industry Linkages
Capturing companies’ relationships and interconnections across industries in the course of the investment process can help identify new opportunities and limit portfolio risks.
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White papers2024 Best Ideas: Rethinking Resiliency and Risk
Our 2024 Best Ideas offers investors a look at where we see opportunity, while our case studies show how we help our clients overcome obstacles.
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White papersStay Focused on Earnings
Should a sticky inflation release cause investors to revise their outlook for equities?
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White papersThe climate-health nexus: risks and opportunities
As investors, we are increasingly considering and assessing the potential impacts of climate change on the economy, financial markets, and our portfolios.
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White papersEngagement case study: Prudential
We have been engaging with Prudential since 2010 on a range of issues including board effectiveness, culture, risk management, sustainability strategy, and remuneration.
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PodcastThe Investment Podcast: The long-term megatrend of European private asset-backed finance
While Europe’s private asset-backed finance markets have been growing in importance for a number of years, it’s only in recent years where we’ve seen the regulatory pressures that banks are facing come to the fore, fuelling a strong desire to shrink balance sheets and increase capital.
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White papersTaking Flight: The Opportunity in Aircraft Financing
Investments in aircraft can offer steady cash flow and a return profile that’s uncorrelated to broad market indices.
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White papersCosting the Earth: measuring corporations’ impact on biodiversity loss
Investors can no longer afford to ignore the devastating economic effects of biodiversity loss, but they need better tools to assess and manage the risks. We introduce the new scientific research by our academic partners at the MISTRA FinBio programme which should help guide investors.
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White papersHow distressed debt can help spread risk and diversify returns
In 2024, there are multiple macroeconomic and geopolitical challenges that are likely to continue to impact global markets. At the same time these challenges are likely to lead to a rich opportunity set for a special situations investment strategy.
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White papersFiorino: Where physics meets finance
Fiorino visits Switzerland to uncover the hidden links between the most successful particle physics theory to date and the ongoing Basel bank capital risk management experiment (now in version IV)…
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White papersEarnings Remain Key in a Confusing Macro Picture
Macro uncertainty is high, but the earnings season has been solid—and not only in the U.S.
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White papersInstitutional investors’ approaches to responsible investing
In this paper, we aim to understand institutional investors’ approach to responsible investing, which has become an important consideration in many investors’ portfolio management decisions. We conduct in-depth qualitative interviews with more than twenty institutional investors – mostly consisting of pension plans and central banks –, and complement our insights with relevant findings from academic literature.
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White papersMulti-asset: a cycle without a textbook?
The year 2024 begins in a market cycle that is far from textbook. What types of scenarios might this give rise to? We outline the possibilities in this quarterly edition of Simply put. Notably, our projections suggest that we are at the dawn of a challenging period for Sharpe ratios, where risk-taking could be poorly rewarded.
