CPD: Which beta is better?

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Infrastructure investing is increasingly popular within retirement savings plans and it’s easy to understand why. An allocation to infrastructure can potentially deliver lower volatility and a higher dividend yield than global equities, and a diversifying addition to a multi-asset class portfolio. In this article Ganesh Suntharam, CIO and Senior Portfolio Manager with GSFM’s newest investment

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Bumper 2019 precipitates more benign year ahead

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The unexpected equity market returns of last year are unlikely to continue over the coming 12 months and, against the backdrop of protracted geopolitical concerns, a more benign, muted environment should be expected, according to GSFM and its fund manager partners, Munro Partners and Tribeca Investment Partners. GSFM adviser, Stephen Miller, says the extent of the strong

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CPD: Quantitative investment delivers positive investor outcomes

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The essence of a quantitative investment approach is straight-forward: it is the utilisation of rational economic and fundamental investment insights in a disciplined and consistent fashion. In this article from GSFM’s investment partner Redpoint Investment Management, CEO Max Cappetta examines the merits of a quantitative investment approach and discusses the benefits of such an approach

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CPD: Cold War 2.0 and its implications for global markets

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Bill Priest, CEO, co-CIO and portfolio manager of Epoch Investment Partners (Epoch) recently visited Australia to share Epoch’s world view with financial advisers and in particular, the potential impact of Cold War 2.0 on investment markets. In this article, GSFM shares Bill’s insights, gleaned from an investment career spanning more than 45 years, and discusses

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Payden & Rygel awarded Rest mandate

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Global fixed income manager, Payden & Rygel, has secured a mandate from Rest, with its Payden Absolute Return Investment (PARI) strategy selected to form part of the superannuation fund’s overall portfolio. The PARI strategy is represented by GSFM in the Australian and New Zealand markets. Charles Levinge, GSFM’s Head of Institutional Business, said the mandate

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GSFM acquires MLC Asset Management’s 49 per cent equity stake in Redpoint Investment Management

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GSFM has completed the acquisition of a 49 per cent equity stake in boutique quantitative equities specialist Redpoint Investment Management (Redpoint).  Redpoint management will continue to control 51 per cent of the business.  The two firms combined will manage over $17 billion. Redpoint was established in 2011 and specialises in listed asset classes including Australian equities, international

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Blitzscale and hope – unicorns, IPOs and the fear of repeating the late 1990s

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The current hype about two-sided digital platforms, blitzscaling and winner-takes-most markets has fuelled a surge in IPO listings. It is perhaps unsurprising that this exuberance, especially when combined with inordinate liquidity, record levels of VC activity and multiple fundraising rounds, has often produced stratospheric valuations that are difficult to reconcile with free-cash-flow (FCF) fundamentals. As

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Circumventing ‘flat earth’ market thinking

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GSFM recently hosted fixed income specialists Payden & Rygel, who addressed advisers around the country. The presentation took a different view to the general bond market approach; instead it looked at how to avoid ‘flat earth’ thinking and related this to the world of investment. In other words, how not to follow the wrong crowd

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Neo-chartalists or neocharlatans? A dive into Modern Monetary Theory

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A small revolution is brewing in the world of macroeconomics. It’s an idea that counts a Democratic socialist presidential candidate and a hedge fund manager among its adherents. The economics team at Payden & Rygel, manager of GSFM’s Payden Global Income Opportunities Fund, write about Modern Monetary Theory, popularly known as MMT. The team breaks

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Markets sending contradictory signals: GSFM

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The investing landscape will remain uncertain for the remainder of 2019, with bond and equity markets seemingly sending contradictory signals, according to GSFM and its fund manager partners Munro Partners, Payden & Rygel and Tribeca Investment Partners. GSFM adviser, Stephen Miller, said that given heightened uncertainties,  investors need to keep diversification within portfolios front and

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