John Tierney
Because of ageing and disabilities, labour force participation is set to fall to 60% in coming years (from 62.8% currently). Absent offsetting growth in productivity, that will lead to slower GDP growth and tax revenue to address the aging problem
Bilal Hafeez
Phil is the founder of Suttle Economics – a leading research consultancy. Before that, he held senior roles at Tudor, the Institute of International Finance (IIF), JP Morgan, Barclays, the New York Fed and World Bank. He was educated at Oxford University and lives in the US.
Bilal Hafeez
Dominique Dwor-Frecaut is a Senior Macro Strategist for Macro Hive based in Los Angeles. She has been producing alpha-generating trade ideas in FX and rates in EM and G10 at established and startup macro hedge funds in the US since 2011, including at Bridgewater.
Bilal Hafeez
Mustafa is a rates guru and member of the research team at Macro Hive. Before this, Mustafa was the Head of Rates, FX, and Derivatives at Voya Investments, where he helped manage $40 billion of assets. Prior to that, he was a Managing Director and Head of US Rates and MBS Strategy at Deutsche Bank.
Bilal Hafeez
Dr. Adrian Williams is the UK's first Professor of Sleep Medicine. Adrian graduated from University College, London, UK, and after...
Sam van de Schootbrugge
The summer months are upon us. This means fewer office distractions and fewer short-term deadlines, creating the ideal opportunity for researchers to get stuck into meatier projects. In academia, this summer lull brings in a surge of publications in the months that follow (Chart 1).
Sam van de Schootbrugge
A Review of Financial Studies paper examines the pitfalls of mean-variance portfolio optimisation. It confirms a well-known result - historical sample moments are suboptimal proxies for true means and variances, and that optimisation methods estimating these past values have poor forecasting performance.
Bilal Hafeez
Sean McGould – the founder/CEO of the Lighthouse Group – a $15bn investment management firm. Prior to Lighthouse, Sean was the Director of the Outside Trader Investment Program for Trout Trading Management Company.
Bilal Hafeez
Bob Elliott is the Co-Founder of Unlimited, which uses machine learning to create index replication ETFs of alternative investments, like hedge funds. Prior to founding Unlimited, Bob was a Senior Investment Executive at Bridgewater Associate...
Sam van de Schootbrugge
A new paper in the highly rated Review of Financial Studies journal explains how momentum profits are strongly linked to the performance of winners and losers during the formation period.
Bilal Hafeez
Martin Wolf is chief economics commentator at the Financial Times, London. He was awarded the CBE (Commander of the British Empire) in 2000 ‘for services to financial journalism.’ His latest book is ‘The Crisis of Democratic Capitalism’.
Sam van de Schootbrugge
A popular Swiss Financial Institute research paper, co-authored by UC Berkeley researchers, reveals the importance of following the right Twitter accounts.
Bilal Hafeez
Alberto Gallo is Chief Investment Officer and Co-founder at Andromeda Capital Management. Prior to that, Alberto initiated and ran the Global Credit Opportunities fund at Algebris Investments.
Sam van de Schootbrugge
A new FEDS working paper uses Twitter chatter to build a measure of credit and financial market sentiment. The authors use Keyword Clustering alongside FinBERT to assign sentiment scores to tweets. They then average over tweets to create sentiment indices at different frequencies.
Bilal Hafeez
Deepak Gurnani is the Founder and Managing Partner of Versor Investments - $2bn quantitative investment firm. Deepak is the former CIO of Investcorp’s Hedge Fund Group and was one of the founding members in 1996.
Macro Hive
As of July 2023, we believe oil stocks are an attractive investment (via the energy ETF XLE). As we wrote back in April, “energy companies continue to emphasize returning cash to investors over ramping up exploration and production. Returns will come via higher dividends and share buybacks.”
Sam van de Schootbrugge
A new CEPR working paper, co-authored by UCL Professor Stephen Hansen provides an overview of the methods used for algorithmic text analysis in economics.
Bilal Hafeez
Jim Rogers co-founded the Quantum Fund, a global-investment partnership. During the next 10 years, the portfolio gained 4200%, while the S&P rose less than 50%. Rogers then decided to retire – at age 37.
Sam van de Schootbrugge
A new CEPR working paper, co-authored by UCL Professor Stephen Hansen provides an overview of the methods used for algorithmic text analysis in economics.
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