Winner Take All in Asset Management

As a follow up to this morning’s article on global AUM, have a gander at this interesting league table from BGC:

 

Glb-Asset-Mgmt-2014-ex7_large_tcm80-165172
Source: Boston Consulting Group

 

 

Category: Markets

World’s Total AuM = Record $68.7 Trillion

Boston Consulting Group has a new report out concluding that, “The asset management industry has achieved its strongest year of growth since the onset of the financial crisis.” As always, the consulting firm’s annual report on global asset management is a dry, number-laden and utterly fascinating look at the business of overseeing money. Ignore the…Read More

Category: Asset Allocation, Investing

10 Thursday AM Reads

Looks like a bumpy ride today, as futures soften, the Yen falls, and gold catches a bid. Enjoy them all with morning train reads: • S&P 500 Companies Spend 95% of Profits on Buybacks, Payouts (Bloomberg) see also “Each of the last six great merger waves on record ended with a precipitous decline in equity prices…Read More

Category: Financial Press

U.S. Debt Held by Foreigners Hits Record $6.07 Trillion

Posted without comment: Source: Real Time Economics

Category: Credit, Data Analysis, Economy, Fixed Income/Interest Rates, Taxes and Policy

Reassessing the Effects of Extending Unemployment Insurance Benefits

Reassessing the Effects of Extending Unemployment Insurance Benefits Pedro S. Amaral and Jessica Ice To deal with the high level of unemployment during the Great Recession, lawmakers extended the availability of unemployment benefits—all the way to 99 weeks in the states where unemployment was highest. A recent study has found that the extensions served to…Read More

Category: Data Analysis, Economy, Politics, Taxes and Policy

10 Wednesday PM Reads

My afternoon train reads: • Stock Investors in Japan Still Back Abe (WSJ) see also Abe $1 Trillion Gift to Stock Market Shields Recession Gloom (Bloomberg) • Deep Recessions Leave Permanent Scars, Fed Research Finds (Real Time Economics) • The S&P 500 and Its Earnings (Crossing Wall Street) see also Gold vs. Stocks: The 10-Year Winner Is… (Total Return)…Read More

Category: Financial Press

Tony Robbin’s Recent Weather Portfolio

Jim O’Shaugnessy took a closer look at what I am now dubbing the Tony Robbin’s Recent Weather portfolio. It is akin to taking an umbrella today because it rained yesterday. Jim is a quant extraordinaire, and his analysis confirms what I wrote earlier this morning: This is a biased sample, form fitted to have done…Read More

Category: Apprenticed Investor, Asset Allocation, Quantitative, Really, really bad calls

Tony Robbins is a self-help genius. He has sold millions of books that many people believe helped them realize their full potential. He understands the human psyche. As a motivational speaker, he knows what a person must do to overcome everyday struggles to “self-actualize,” and awaken the giant within. People love his seminars (although I…Read More

Category: Apprenticed Investor, Asset Allocation, Investing, Really, really bad calls

10 Wednesday AM Reads

Hey, its FOMC minutes day. If that’s not enough to get you flush with anticipation and excitement, there are always our morning train reads: • Can Pope Francis fix Wall Street? (MarketWatch) • The Wall of Worry, Illustrated (Bason Asset Management) see also The Bear Market “Cure” Is Worse Than the Disease (Servo Wealth Management) •…Read More

Category: Financial Press

The Risks to the Inflation Outlook

The Risks to the Inflation Outlook Vasco Cúrdia FRBSF Economic Letter 2014-34 November 17, 2014         Although inflation is currently low, some commentators fear that continued highly accommodative monetary policy may lead to a surge in inflation. However, projections that account for the different policy tools used by the Federal Reserve suggest…Read More

Category: Inflation, Think Tank