How China’s censorship on trade war throws off the algos MarketWatch May 15, 2019 By Sunny Oh Excerpt: Wall Street uses social media algorithms to track sentiment of Chinese individual investors Quantitative investors say censorship around the chief source of China’s equity tumble highlights the limitations of algorithms used to sift through millions of social…
Credit Suisse and Rayliant team up for China quant launch Risk.net April 24, 2019 By Narayanan Somasundaram and Kate Lin Excerpt: Firms want to tap investors’ zeal for systematic strategies in A shares Credit Suisse and quant advisory firm Rayliant have launched a new index to tap growing offshore demand for quant strategies in China’s…
ESG is more than ‘good karma’ and analysis can help pick a winner Financial Times / FTfm February 28, 2019 By Jason Hsu (article contribution to FT) Excerpt: Better returns can be identified if investors focus on the cost of capital ESG investing has grown in popularity in the past five years. Investment based on…
Ahead of the curve: Hold faith in Chinese equities Investment & Pensions Europe (IPE) February 2019 By Jason Hsu and Phillip Wool (article contribution to IPE) https://www.ipe.com/analysis/ahead-of-the-curve/ Excerpt: Exposure to Chinese equities presents opportunities in both market beta and alpha For emerging markets stocks, 2018 was a challenging year. Mainland Chinese stocks – the ‘A…
Taiwan’s BLF opens tender for US$1.5 billion multi-factor mandate Asia Asset Management November 21, 2018 https://www.asiaasset.com/news/Taiwan_BLF_1120.aspx Excerpt: Taiwan’s Bureau of Labor Funds (BLF), which supervises the island state’s labour pensions, is calling for bids for its first multi-factor mandate, with total funding of US$1.5 billion. The BLF is looking for five fund…
BLF invites bids for $1.5bn EM equity mandate Asian Investor November 20, 2018 Jolie Ho https://www.asianinvestor.net/article/blf-invites-bids-for-1-5bn-em-equity-mandate/448415 Excerpt: Taiwan’s Bureau of Labor Funds is inviting bids for a five-year, quasi-passive emerging markets equity mandate of $1.5 billion to be split equally between five asset managers. The NT$3.94 trillion ($127 billion) state pension manager – a keen…
Fuzzy Math in Quant ETFs? A $1 Trillion Boom Draws Naysayers Bloomberg October 30, 2018 Justina Lee and Lu Wang https://www.bloomberg.com/news/articles/2018-10-30/fuzzy-math-in-quant-etfs-a-1-trillion-boom-draws-naysayers Today’s rules-based investing models were supposed to take the guesswork out of Ben Graham’s age-old principle of using “established standards of value” in deciding what to own. In practice, some argue, they’ve made…
Smart Beta ETFs Embraced Amid A-Share Downturn Caixin Global October 12, 2018 Yue Yue and Han Wei https://www.caixinglobal.com/2018-10-12/smart-beta-etfs-embraced-amid-a-share-downturn-101333982.html In the face of China’s stock-market slump, two Hong Kong exchange-traded funds (ETFs) that debuted a year ago are posting growth, reflecting increased holdings of Chinese stocks in foreign portfolios and the funds’ unconventional investment strategies.…
Hong Kong-based money manager chooses Pittsburgh for its East Coast hub Pittsburgh Post-Gazette 13 September Tim Grant http://www.post-gazette.com/business/money/2018/09/13/International-money-manager-acquires-Pittsburgh-firm-Fusion-Investment-Group-Rayliant-Global-Advisors/stories/201809120148Â “A Hong Kong-based investment management group looking for new opportunities to enter the U.S. public pension market has acquired Fusion Investment Group LLC, an employee-own hedge fund based in Canonsburg. “Fusion, founded in 2006, has built a…
Hong Kong-based investment firm enters Pittsburgh via acquisition Pittsburgh Business Times 6 September 2018 Patty Tascarella https://www.bizjournals.com/pittsburgh/news/2018/09/05/hong-kong-based-investment-firm-enters-pittsburgh.html “As of Sept. 11, Fusion Investment Group LLC, a 12-year-old asset management firm based in Southpointe, will be known as the Pittsburgh office of Rayliant Global Advisors. “Rayliant, a Hong Kong-based investment management group that listed more than…