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Opalesque Radio Archive

"The New Economics of Sovereign Wealth Funds"
Radio Feature 51: Massimiliano Castelli in conversation with Sona Blessing
Friday, June 29, 2012
img Massimiliano Castelli, is Head of Global Strategy in the department advising central banks and Sovereign Wealth Funds(SWFs) at UBS Global Asset Management. In this role, he analyses market trends affecting the investment behaviour of sovereign institutions and works closely with investment specialists in providing investment advice and developing tailored investment solutions for this client segment.

He is a global thought leader on macro economic, financial and political trends in sovereign wealth management and has authored The New Economics of Sovereign Wealth Funds (Wiley, April 2012), together with Fabio Scacciavillani.

According to the authors, the book focuses "on the big picture which has been lost in the noise of diatribes and the narrow visions of most analyses. Few seem to have realised that the rise of the SWF is driven by a tectonic movement: the shift of economic centre of gravity from mature economies to large emerging markets (especially in Asia), and to commodity-exporting countries, some of which (e.g. Australia, Canada, Norway) have been wealthy nations for a long time."1...

In this radio feature Massimiliano elaborates on why "The increasing prominence of SWFs is therefore a symptom of a rebalancing in economic weight and represents one of the channels through which the secular shift to a multipolar global economy is taking place."2...
Source: 1&2 The New Economics of Sovereign Wealth Funds (Wiley, April 2012)


Managers can realise cost efficiencies ranging from 40% - 60% by embracing this operations model
Radio Feature 49: Michael Appenzeller in conversation with Sona Blessing
Thursday, May 24, 2012
img Michael Appenzeller is co-founder and managing director at Etops Operations Services, which is a service company specialising in operations outsourcing and projects for hedge funds, fund of funds, private equity funds and asset managers.

Gold: "Sell in May and go away?"
Radio Feature 48: Andreas Maag in conversation with Sona Blessing
Friday, May 11, 2012
img Andreas Maag is Head of Swiss Precious Metals Distribution at UBS Investment Bank, Based on his 30 years of experience in trading gold, he infers why the gold price has retreated below the 1600 level, its possible price formation in the context of the Euro crisis and the geo-political and economic global backdrop...

"Psychological Capital"
Radio Feature 47: Denise Shull in conversation with Sona Blessing
Thursday, April 26, 2012
img Denise Shull is founder of The ReThink Group and author of the recently published Market Mind Games, McGraw-Hill, January 2012.The book reflects her expertise in neuroscience and draws on her extensive trading experience. She is an acknowledged decision theorist and thought-leader in the psychology of risk, uncertainty and exceptional performance. Denise specialises in trading index futures and currency futures.

Fair Trade Investing
Radio Feature 46: Klaus Tischhauser in conversation with Sona Blessing
Thursday, April 05, 2012
img Klaus Tischhauser is Co-Founder and CEO of responsAbility. His milestones there include the launch of the world’s first retail microfinance fund in 2003, and winning the G-20 SME Finance Challenge. In this radio feature he shares his expertise on fair trade investing, the outlook for the space, how such opportunities can be made investable, the criteria used, tracking such investments, mitigating risk...

SRI/Environment-led/Impact Investing - Where and how to allocate to, expected returns
Radio Feature 45: Alfred Evans in conversation with Sona Blessing
Wednesday, April 04, 2012
img Alfred Evans is founder and CEO of Islan, and Director of Bunge Emissions Group. He has 20 years of professional experience in emerging markets, energy and environment. Before founding Islan Asset Management, Alfred was a manager in Bunge’s Financial Services Group where he held several senior positions over his seven-year tenure, including as CEO of Ecoinvest Carbon SA -acquired by Bunge under his guidance.
          In this radio feature he share his expertise on the evolution and outlook for SRI/impact - driven investments, investment opportunities in Africa and emerging markets for sustainable and impact investments, and available markets in emissions, forestry and agriculture...

Institutional Investing in Tree Forests and Timberland
Radio Feature 44: Dennis Neilson in conversation with Sona Blessing
Monday, April 02, 2012
img Dennis founded DANA in 1992, a New Zealand based international forest industry advisory and publishing firm that undertakes benchmarking, strategic planning, investment and marketing assignments for international corporate clients. In addition to The Global Tree Farm Economics Review, Dennis co-authors RISI’s International Pulpwood Trade Review. In this radio feature he elaborates on the tree farm and timberland opportunities for institutional investors globally, expected returns and time frames, and on the ability to claim carbon credits ...

"We look at the valuation of markets and think they are quite reasonably valued..."
Radio Feature 42: William Davies in conversation with Sona Blessing
Wednesday, March 28, 2012
img William Davies is Head of Global Equities and Deputy Head of Equities at Threadneedle Investments. He manages retail and institutional funds including the Threadneedle Global Select Fund. (Threadneedle is Winner of the 2012 Morningstar Award as "Best Large Equity House" and "Top Rated Global Equity Manager".) In this radio feature he evaluates the worst case scenario thrown at equity markets and investors, where and why he continues to see equity investment opportunities. Why they are overweight the US, still like for e.g. the technology sector in the US, and among others are biased toward exporters...

Brent Crude as a Benchmark
Radio Feature 43: Jean-Luc Amos in conversation with Sona Blessing
Tuesday, March 27, 2012
img Jean-Luc's role at Intercontinental Exchange, ICE, Futures Europe entails facilitating the development, growth and promotion of ICE’s new and existing energy Futures and OTC markets. Prior to joining ICE, he worked at Platts as a forward curve and futures editor. In this radio feature he elaborates on why Brent Crude has emerged as the reference crude oil benchmark, volumes traded over the last 12 months, how it compares with other benchmarks such as WTI and Dubai, and tells us more about why their latest product was launched.

Jim Rogers "Profits cannot get much better and even if they do they cannot last much longer... in America ..."
Radio Feature 41: Jim Rogers in conversation with Sona Blessing
Sunday, March 18, 2012
img
  • What are your views on the current US equity rally and whether you think it is sustainable?
  • At their current levels do you think US equity valuations are attractive? Even though options (for protecting downside risk) are expensive...
  • Irrespective of whether the economy does better or worse - why owning real assets provides protection ?
  • Is China now in or is it going to be experiencing a hard landing?
  • Does Europe present investment opportunities to acquire assets?

Exposure to Oil via ETCs
Radio Feature 40: Nicholas Brooks in conversation with Sona Blessing
Friday, February 24, 2012
img Nicholas Brooks is head of research and investment strategy for the ETF Securities group of companies and share his outlook on oil in the global macro context, factors influencing its price formation and how Exchange Traded Commodities, ETCs, can be implemented to strategically and tactically get exposure to oil - capture performance and/or serve as a hedge.
Nicholas has over 15 years experience as a global economist and strategist, covering a wide range of markets and asset classes. He has also completed work on a PhD thesis examining financial fragility and the dynamics of financial crisis.

Emerging Markets as ASTERISCS
Radio Feature 39: Neal Kutner in conversation with Sona Blessing
Friday, February 10, 2012
img Neal Kutner is managing director at BNY Mellon Asset Management, Switzerland and shares why Assets Tied to Economies of Risky Countries, ASTERISCS, was coined and why "better labelling breeds better understanding".

Top Emerging Market Currency Picks: Indian Rupee, Turkish Lira, Mexican Peso
Radio Feature 38: Bart Turtelboom in conversation with Sona Blessing
Thursday, February 02, 2012 - Fonds’12, Zurich
img Bart Turtelboom is managing director and co-head of global emerging markets at GLG Partners.
Amongst others, he has been an economist at the International Monetary Fund in Washington, and as a director at Deutsche Bank, he was responsible for covering its large clients in emerging markets.
In a “live” interview he shares why be believes emerging market currencies amongst all the risky assets in the world are "if not the most compelling", certainly one of the most compelling investment opportunities in 2012. Why his top picks are the Indian Rupee, Turkish Lira and Mexican Peso. He elaborates on whether inflation poses a threat, and shares his take on the likely timeframe and process to be followed in the internationalisation of the Chinese Yuan.

Trading based on hard wired human biases and crowd behaviour
Radio Feature 37: Christopher Foster in conversation with Sona Blessing
Friday, January 20, 2012
img Christopher Foster, CEO, is the architect of Blackheath's Sentiment Strategy and Portfolio Manager of all assets in the Sentiment program. It was during one of his earlier tenures at the Friedberg Mercantile Group (FMG) that he first became familiar with analyzing crowd behaviour and sentiment indicators, which laid the basis for Blackheath's Sentiment Investment Strategy.

In this radio feature he shares his thoughts on why he believes the Sentiment Strategy is unique, why the fund has performed positively in each year since it was incepted in March 2003, and why it will continue to be possible to trade based on hard wired human biases and crowd behaviour...

Emerging Markets: "Go looking for Trouble!"
Radio Feature 36: Paul McNamara in conversation with Sona Blessing
Thursday, January 05, 2012
img An investment director at GAM, Paul McNamara, is the lead manager on emerging market bond and currency long only and hedge fund strategies. He began his career as a lecturer at the University of Warsaw and began investing in emerging markets nearly 15 years ago. In this feature he shares his thoughts on emerging market debt investment opportunities...

Tuning an algorithm for training on unseen data
Radio Feature 35: Jurgen Schmidhuber in conversation with Sona Blessing
Tuesday, December 20, 2011
img Jurgen Schmidhuber is Director of the Swiss Artificial Intelligence Lab, is Professor of Artificial Intelligence at the University of Lugano, Switzerland. Amongst his other achievements, he has published more than 250 peer-reviewed scientific papers on topics such as machine learning, financial data prediction, mathematically optimal universal Artificial Intelligence (AI), artificial curiosity and creativity, artificial recurrent neural networks, adaptive robotics, algorithmic information and complexity theory. He shares with us today his thought on AI, in the context of the alternative investment landscape...

MENA - Frontier Markets: Misperception of Opportunity and Yields of 8%
Radio Feature 34: Amin El Kholy in conversation with Sona Blessing
Friday, December 02, 2011
img Amin El Kholy is managing director, asset management at Arqaam Capital.
Prior to this he was chief investment officer and head of asset management at Shuaa Asset Management where he oversaw total AUM of USD 1.7 billion. He has also been head of asset management at the National Bank of Dubai (NBD).
Despite the Arab Spring and the political uncertainty gripping the region, in this feature he elaborates on the misperceptions associated with the opportunities and the mispricing of risk when it comes to investing in the Middle East and North Africa (MENA).

Gold: The question is to take profits or to buy it as insurance?
Radio Feature 33: Andreas Maag in conversation with Sona Blessing
Thursday, November 24, 2011
img Andreas Maag, Executive Director, EMEA & APAC Head of Precious Metals Sales, UBS Investment Bank share his expertise on why the price of gold has retreated from its 1912 high, why he believes there is upside price potential, why volatility in gold prices is here to stay - how it can be navigated, and where the investment opportunities lie...

Alt-beta-index products could deliver double digit positive performance in Q3'11
Radio Feature 32: Drago Indjic in conversation with Sona Blessing
Monday, November 21, 2011
img In this feature Drago Indjic, Sunningdale Capital's co-founding partner and Project Manager at the London Business School, shares his insights on embracing and implementing alternative beta index products within asset allocation - the need and ability to actively manage alternative beta

Financial Repression
Radio Feature 31: Carmen Reinhart in conversation with Sona Blessing
Wednesday, November 09, 2011 Ayaltis Annual Event
img Carmen M. Reinhart is the Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics.
Her best-selling book (with Kenneth S. Rogoff) entitled "This Time is Different: Eight Centuries of Financial Folly", Princeton Press, documents the striking similarities of the recurring booms and busts that have characterised financial history.
In this live interview she shares her thoughts on "This Time is Different", financial repression, China’s role, and conclusions she has drawn based on her research.

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