Included in this series:
- Episode 23: Asset Class Mini-Series: Putting It All Together
- Episode 22: Asset Class Mini-Series: Private Equity
- Episode 21: Asset Class Mini-Series: Hedge Funds
- Episode 20: Asset Class Mini-Series: Alternative Beta
- Episode 19: Asset Class Mini-Series: Illiquids
- Episode 18: Asset Class Mini-Series: Bonds
- Episode 17: Asset Class Mini-Series: Equities
- Episode 16: New Year, New You
- Episode 15: Sustainability (part 2 – carbon journey plan)
- Episode 14: Sustainability (part 1 – lessons from COVID)
- Episode 13: Inclusion & diversity – a frank discussion
- Episode 12: China
- Episode 11: Horizons (part 2 - back to the future)
- Episode 10: Horizons (part 1 - do the next right thing?)
- Episode 9: So many ways to lend money
- Episode 8: The weird and wonderful (part 2 – technology and social impact)
- Episode 7: The weird and wonderful (part 1 – climate change)
- Episode 6: Asset owners: how to make good decisions
- Episode 5: The role of culture in asset management
- Episode 4: Are the asset managers coping?
- Episode 3: Is it too late to diversify?
- Episode 2: COVID-19 economic and market scenarios
- Episode 1: 10%, 4 weeks and two-thirds - Q1 2020 market update
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“There’s genuine competition for capital amongst all the bottom-up ideas…you’re not forced to own anything.”Craig Baker
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“We want returns that are generated from themes that will play out over a long timeframe.”Ben Leach and Joseph Bassey-Duke
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“Some strategies are actually designed to perform well when markets go down or when there is a period of high volatility. But it’s how the portfolio behaves as a whole that’s important.”Sara Rejal and Victoria Vodolazschi
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“A lot of these ideas come from hedge funds…we then ask: can we make them more mechanistic, more transparent, better value for money?”Sara Rejal and Victoria Vodolazschi
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“What we’re looking for are contracted cashflows - if the asset is there and ready to be used we get paid.”Duncan Hale, Head of Secure Income Assets, Willis Towers Watson
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“A mandate should do one thing well, and not three things not so well.”Kate Hollis and Eunice Han
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“What can add value is asking skilled managers to run concentrated portfolios of only the ideas they have the most conviction in.”Heidi Liling and Stuart Gray
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“We are taking three key themes – policy shift, China and sustainability - and figuring out the portfolio implications.”Martin Jecks, Tessa Mann and Katie Sims
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“Increasing numbers of investors have set out a carbon journey plan to treat climate risks in a similar way to how they have treated their funding challenges.Adam Gillett and Shahrazad Khan
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“Over the first three months of the year there was more investment in ESG funds than in 2018 and 2019 combined.Adam Gillett and Shahrazad Khan
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“There is nothing wrong with a meritocracy – it’s just that we don’t have one.”Chris Redmond and Nimisha Srivastava
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“Chinese markets offer rich alpha opportunities, and we prefer specialist China-focused mandates.”Liang Yin and Paul Colwell
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“Our key message for listeners is: eyes and ears open, and be on the lookout for inflection points.”Rebecca Bannan and Tim Mitchell
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“There are different issues we are going to face at each of those horizons, and because we have different issues we need different steps to deal with them.”Rebecca Bannan and Tim Mitchell
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“Having exposure across corporate credit, consumer credit and country credit can help build a more resilient portfolio.”Nimisha Srivastava
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“You can achieve all of the beneficial impact on the portfolio, and at the same time invest to improve outcomes for individuals, the planet and society as a whole.”Katie Sims
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“We have identified a number of mega trends, and we can work out how to invest across these themes.”Katie Sims
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“Strong governance…can add value to the tune of around 100 basis points a year.”Jess Melville
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“Strong cultures have only become stronger as a result of this experience, while weaker cultures have faced difficulties.”Luba Nikulina
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Investors don’t get paid for taking operational risks.”Josh Hall
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How anybody can easily come up with strong asset allocation views in this environment is difficult to understand.”Craig Baker
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We also look at a host of activity data...related to consumer confidence, traffic congestion, retail footfall and online shopping, benefit claims etc.”David Hoile
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Disclaimer
Willis Towers Watson has produced these podcasts for general information purposes only and they should not be considered a substitute for specific professional advice. In particular, their contents are not intended by Willis Towers Watson to be construed as the provision of investment, legal, accounting, tax or other professional advice or recommendations of any kind, or to form the basis of any decision to do or to refrain from doing anything. As such, these podcasts should not be relied upon for investment or other financial decisions and no such decisions should be taken on the basis of their contents without seeking specific advice.
Since the 1920s there have been nine event-driven bear markets - the recent falls have been by far the quickest.”David Hoile