INSIGHTS

Please feel free to peruse our research and publications:

FQ Perspectives provide research and perspectives on relevant topics and new ideas.
Market Insights is how we share our ideas and outlook on markets and First Quadrant’s (FQ) offerings.
Publications include published papers which offer an in-depth and academic view on various concepts.

For a complete listing of all of our publications, download our Bibliography and send us your request.

Strategy Insights

June 2017
by Dori Levanoni and Paul Goldwhite
May 2017
by Ed Peters and Bruno Miranda
August 2015
by Ed Peters and Bruno Miranda
May 2015
by Jia Ye and Paul Goldwhite
May 2015
by Ed Peters
February 2015
by Ed Peters and Bruno Miranda
December 2014
by Ed Peters and Dori Levanoni
November 2014
by Paul Goldwhite and Junyao Zhang
May 2014
by Ed Peters and Jesse Davis
March 2014
by Paul Goldwhite
February 2014
by Ed Peters
January 2014
by Jesse Davis and Ben Collins
September 2012
by Jeppe Ladekarl and Matthew Michelson, PhD

Publications

December 2017
by Ed Peters
Investment & Pensions Europe (IPE)
Investors worried about the next market downturn are searching for unique ways to diversify their portfolios,and risk parity, a risk-based multi-asset strategy,continues to be an area of interest. Yet, some potential investors remain concerned about the likelihood of rising interest rates and the impact of the higher exposures to bonds that can be found in some traditional risk parity portfolios.

 

December 2013
by Ed Peters

FTSE Global Markets
This publication provides an introduction to risk parity. It makes the argument that the “risk parity” concept at its core is not necessarily about leveraged bonds. The basic approach is that if assets have a low correlation to each other and similar expected returns, then the risk parity portfolio is optimal, or near optimal. So to explain the concepts behind risk parity, it dispenses with the terms “stocks,” “bonds” and “leverage” and goes back to the basic concepts.
This information is available through the external publication that published the work and retains the copyright to it. To obtain a copy, please contact FQ or the respective publication for the archives

October 2013
by Jeppe Ladekarl and Ed Peters

The Journal of Investing
As emerging markets have grown in size and sophistication, so have the investment options available to international investors.  In this note, we argue that the set of available EM investment options, both debt and equity, share a common risk factor that drives most of the EM-related risk and return.  We demonstrate empirically that this common risk facto is best represented by EM currencies.
This information is available through the external publication that published the work and retains the copyright to it. To obtain a copy, please contact FQ or the respective publication for the archives

October 2011
by Dori Levanoni

Currency Investor
This paper asks the question: Are Currencies an “Asset Class”? We could spend pages upon pages making the case (or failing to do so) that currencies represent an “Asset Class”, but in the end we can simplify the argument to answering the question, “Do you care about the impact of currency returns on your portfolio?” If so, then it does represent a “Source of Return”, and so we’ll take the tremendous short cut that whenever you see “Asset Class” in this article, read that as “Source of Return”.
This information is available through the external publication that published the work and retains the copyright to it. To obtain a copy, please contact FQ or the respective publication for the archives