Thu, Jul 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The Big Picture: Demographic shifts should shape global macro strategies

Friday, December 14, 2012

amb
Thomas P. Signer
An Opalesque column for macro investors.

Benedicte Gravrand, Opalesque Geneva:

Thomas P. Signer, financial advisor at VALUEworks AG, an independent multi-family office based in Zurich, believes that demography explains everything, including asset returns. So investors should try to take advantage of current and future demographic shifts and translate them into investment returns.

Signer also teaches and authored a couple of books, namely "The Harder They Fall: Will the US follow Japan in the Abyss?" (2004), and more recently, "The US and Japan: Twins in Denial (It’s demographics, stupid!)" (2011).

Tremendous demographic development

The number of people worldwide from year 1700 to present days went from under 1 billion to 7 billion, he said during Terrapinn’s Hedge Funds World conference in Zurich last month. The number is expected to go up to 8 billion in 2024 and reach 9 billion in 2048.

The dependency ratios are also going up. In 1950, 39% of the population was dependent (34% of the people were under 15-year old and 5% over 65-year old). In 2010, nearly 35% of the population was dependent (27% under 15 and 8% over 65). In 2050, it is expected to be 37%, with much less children and twice as many elderly people as in 2010 (21% under 15 a......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Opalesque Exclusive: Michael E. Lewitt: Greece, Puerto Rico, China stock market problems are symptoms of global underlying disease[more]

    Benedicte Gravrand, Opalesque Geneva: Michael E. Lewitt, manager of the Third Friday Total Return Fund, L.P., author and market commentator, says in a Q2 letter

  3. Investing - Hedge funds, seeing opportunity, invest in struggling hotels in Puerto Rico[more]

    From NYTimes.com: Puerto Rico’s tourism industry has fallen victim to the island’s struggling economy, hit by one misfortune after another. In March, the San Juan Beach Hotel filed for bankruptcy. This week, the Condado Plaza Hilton was forced to close its casino. But nearly two thousand miles away,

  4. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  5. Opalesque Exclusive: London quant shop launches new improved strategy[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Simon Wajcenberg, CEO of K1T Capital Ltd, a systematic quant based hedge fund asset manager based in London

 

banner