際際滷shows by User: fernfel / http://www.slideshare.net/images/logo.gif 際際滷shows by User: fernfel / Fri, 20 Dec 2019 15:36:00 GMT 際際滷Share feed for 際際滷shows by User: fernfel Junge Politik im Dialog - Ohne Kapitalm辰rkte geht es nicht. https://de.slideshare.net/slideshow/junge-politik-im-dialog-ohne-kapitalmrkte-geht-es-nicht/208293432 191211vortragdialogjungepolitik-191220153600
Eine funktionierende Altersversorgung ist eine der zentralen Herausforderung f端r unsere Gesellschaft. Demografischer Wandel - Wir werden immer 辰lter, die durchschnittliche Lebenserwartung in Europa hat sich in den letzten 100 Jahren in etwa verdoppelt. Pensionskassen k旦nnen ihren Verpflichtungen kaum nachkommen. Negativzinsen machen risikofreie Anlagen faktisch unm旦glich. Aber Anlagen mit h旦heren Risiken k旦nnen in einer Finanzkrise das gesamte Versorgungssystem destabilisieren. Nur mit dynamisch risikogesteuerten Anlagen am Kapitalmarkt (z.B. Aktien) lassen sich die notwendigen Renditen erreichen. Drei m旦gliche Wege f端r die Gesellschaft: - Industriestandards f端r Risikomanagement setzen - Transparenz von Investmentprodukten f旦rdern & fordern - In Finanzmarkt-Ausbildung investieren ]]>
Eine funktionierende Altersversorgung ist eine der zentralen Herausforderung f端r unsere Gesellschaft. Demografischer Wandel - Wir werden immer 辰lter, die durchschnittliche Lebenserwartung in Europa hat sich in den letzten 100 Jahren in etwa verdoppelt. Pensionskassen k旦nnen ihren Verpflichtungen kaum nachkommen. Negativzinsen machen risikofreie Anlagen faktisch unm旦glich. Aber Anlagen mit h旦heren Risiken k旦nnen in einer Finanzkrise das gesamte Versorgungssystem destabilisieren. Nur mit dynamisch risikogesteuerten Anlagen am Kapitalmarkt (z.B. Aktien) lassen sich die notwendigen Renditen erreichen. Drei m旦gliche Wege f端r die Gesellschaft: - Industriestandards f端r Risikomanagement setzen - Transparenz von Investmentprodukten f旦rdern & fordern - In Finanzmarkt-Ausbildung investieren ]]> Fri, 20 Dec 2019 15:36:00 GMT https://de.slideshare.net/slideshow/junge-politik-im-dialog-ohne-kapitalmrkte-geht-es-nicht/208293432 fernfel@slideshare.net(fernfel) Junge Politik im Dialog - Ohne Kapitalm辰rkte geht es nicht. fernfel Eine funktionierende Altersversorgung ist eine der zentralen Herausforderung f端r unsere Gesellschaft. Demografischer Wandel - Wir werden immer 辰lter, die durchschnittliche Lebenserwartung in Europa hat sich in den letzten 100 Jahren in etwa verdoppelt. Pensionskassen k旦nnen ihren Verpflichtungen kaum nachkommen. Negativzinsen machen risikofreie Anlagen faktisch unm旦glich. Aber Anlagen mit h旦heren Risiken k旦nnen in einer Finanzkrise das gesamte Versorgungssystem destabilisieren. Nur mit dynamisch risikogesteuerten Anlagen am Kapitalmarkt (z.B. Aktien) lassen sich die notwendigen Renditen erreichen. Drei m旦gliche Wege f端r die Gesellschaft: - Industriestandards f端r Risikomanagement setzen - Transparenz von Investmentprodukten f旦rdern & fordern - In Finanzmarkt-Ausbildung investieren <img style="border:1px solid #C3E6D8;float:right;" alt="" src="https://cdn.slidesharecdn.com/ss_thumbnails/191211vortragdialogjungepolitik-191220153600-thumbnail.jpg?width=120&amp;height=120&amp;fit=bounds" /><br> Eine funktionierende Altersversorgung ist eine der zentralen Herausforderung f端r unsere Gesellschaft. Demografischer Wandel - Wir werden immer 辰lter, die durchschnittliche Lebenserwartung in Europa hat sich in den letzten 100 Jahren in etwa verdoppelt. Pensionskassen k旦nnen ihren Verpflichtungen kaum nachkommen. Negativzinsen machen risikofreie Anlagen faktisch unm旦glich. Aber Anlagen mit h旦heren Risiken k旦nnen in einer Finanzkrise das gesamte Versorgungssystem destabilisieren. Nur mit dynamisch risikogesteuerten Anlagen am Kapitalmarkt (z.B. Aktien) lassen sich die notwendigen Renditen erreichen. Drei m旦gliche Wege f端r die Gesellschaft: - Industriestandards f端r Risikomanagement setzen - Transparenz von Investmentprodukten f旦rdern &amp; fordern - In Finanzmarkt-Ausbildung investieren
from OpenMetrics Solutions LLC
]]> 27 0 https://cdn.slidesharecdn.com/ss_thumbnails/191211vortragdialogjungepolitik-191220153600-thumbnail.jpg?width=120&height=120&fit=bounds presentation Black http://activitystrea.ms/schema/1.0/post http://activitystrea.ms/schema/1.0/posted 0 Measuring Financial Markets Stability - A new, systematic approach for the early detection of financial market crises /slideshow/measuring-financial-markets-stability-a-new-systematic-approach-for-the-early-detection-of-financial-market-crises/177372098 190829measuringfinancialmarketsstability-190929101312
The effects of the last major financial market crisis in 2008 are still present worldwide today. Notwithstanding the fact that policymakers, regulators and central banks have jointly managed to stabilize the financial markets after 2008 and thereby avoided a "meltdown" of the entire financial system, there is still a constant fear of the next upcoming, severe crisis, with possibly uncontrollable consequences. In this discussion paper, we would like to present a new systematic approach that can help - through reliable early detection of financial market crises - to take countermeasures before a crisis can fully develop. ]]>
The effects of the last major financial market crisis in 2008 are still present worldwide today. Notwithstanding the fact that policymakers, regulators and central banks have jointly managed to stabilize the financial markets after 2008 and thereby avoided a "meltdown" of the entire financial system, there is still a constant fear of the next upcoming, severe crisis, with possibly uncontrollable consequences. In this discussion paper, we would like to present a new systematic approach that can help - through reliable early detection of financial market crises - to take countermeasures before a crisis can fully develop. ]]> Sun, 29 Sep 2019 10:13:12 GMT /slideshow/measuring-financial-markets-stability-a-new-systematic-approach-for-the-early-detection-of-financial-market-crises/177372098 fernfel@slideshare.net(fernfel) Measuring Financial Markets Stability - A new, systematic approach for the early detection of financial market crises fernfel The effects of the last major financial market crisis in 2008 are still present worldwide today. Notwithstanding the fact that policymakers, regulators and central banks have jointly managed to stabilize the financial markets after 2008 and thereby avoided a "meltdown" of the entire financial system, there is still a constant fear of the next upcoming, severe crisis, with possibly uncontrollable consequences. In this discussion paper, we would like to present a new systematic approach that can help - through reliable early detection of financial market crises - to take countermeasures before a crisis can fully develop. <img style="border:1px solid #C3E6D8;float:right;" alt="" src="https://cdn.slidesharecdn.com/ss_thumbnails/190829measuringfinancialmarketsstability-190929101312-thumbnail.jpg?width=120&amp;height=120&amp;fit=bounds" /><br> The effects of the last major financial market crisis in 2008 are still present worldwide today. Notwithstanding the fact that policymakers, regulators and central banks have jointly managed to stabilize the financial markets after 2008 and thereby avoided a &quot;meltdown&quot; of the entire financial system, there is still a constant fear of the next upcoming, severe crisis, with possibly uncontrollable consequences. In this discussion paper, we would like to present a new systematic approach that can help - through reliable early detection of financial market crises - to take countermeasures before a crisis can fully develop.
Measuring Financial Markets Stability - A new, systematic approach for the early detection of financial market crises from OpenMetrics Solutions LLC
]]> 64 0 https://cdn.slidesharecdn.com/ss_thumbnails/190829measuringfinancialmarketsstability-190929101312-thumbnail.jpg?width=120&height=120&fit=bounds presentation Black http://activitystrea.ms/schema/1.0/post http://activitystrea.ms/schema/1.0/posted 0 Managed ETFs - Efficient investment products meet advanced risk management /slideshow/managed-etfs-efficient-investment-products-meet-advanced-risk-management/177371625 190902managedetfs-190929101035
Nowadays, investors are highly concerned about the costs of active investment structures if these do not add significant value to their portfolio. This leads to significant inflows to ETFs, which cover a broad range of indices, asset classes and investment styles providing high liquidity at comparably lower costs. Especially for passive investment styles, there is almost no incentive to keep mutual funds in the portfolio if equity index tracker ETFs provide higher net performance with comparable risks. However, the main problem is that on one side equity index ETFs typically often outperform many active equity funds but cannot protect against drawdowns during market crises. In this paper we show that advanced overlay technologies can preserve significant index performance and protect against large drawdowns as wellsothe best of both worlds ]]>
Nowadays, investors are highly concerned about the costs of active investment structures if these do not add significant value to their portfolio. This leads to significant inflows to ETFs, which cover a broad range of indices, asset classes and investment styles providing high liquidity at comparably lower costs. Especially for passive investment styles, there is almost no incentive to keep mutual funds in the portfolio if equity index tracker ETFs provide higher net performance with comparable risks. However, the main problem is that on one side equity index ETFs typically often outperform many active equity funds but cannot protect against drawdowns during market crises. In this paper we show that advanced overlay technologies can preserve significant index performance and protect against large drawdowns as wellsothe best of both worlds ]]> Sun, 29 Sep 2019 10:10:35 GMT /slideshow/managed-etfs-efficient-investment-products-meet-advanced-risk-management/177371625 fernfel@slideshare.net(fernfel) Managed ETFs - Efficient investment products meet advanced risk management fernfel Nowadays, investors are highly concerned about the costs of active investment structures if these do not add significant value to their portfolio. This leads to significant inflows to ETFs, which cover a broad range of indices, asset classes and investment styles providing high liquidity at comparably lower costs. Especially for passive investment styles, there is almost no incentive to keep mutual funds in the portfolio if equity index tracker ETFs provide higher net performance with comparable risks. However, the main problem is that on one side equity index ETFs typically often outperform many active equity funds but cannot protect against drawdowns during market crises. In this paper we show that advanced overlay technologies can preserve significant index performance and protect against large drawdowns as wellsothe best of both worlds <img style="border:1px solid #C3E6D8;float:right;" alt="" src="https://cdn.slidesharecdn.com/ss_thumbnails/190902managedetfs-190929101035-thumbnail.jpg?width=120&amp;height=120&amp;fit=bounds" /><br> Nowadays, investors are highly concerned about the costs of active investment structures if these do not add significant value to their portfolio. This leads to significant inflows to ETFs, which cover a broad range of indices, asset classes and investment styles providing high liquidity at comparably lower costs. Especially for passive investment styles, there is almost no incentive to keep mutual funds in the portfolio if equity index tracker ETFs provide higher net performance with comparable risks. However, the main problem is that on one side equity index ETFs typically often outperform many active equity funds but cannot protect against drawdowns during market crises. In this paper we show that advanced overlay technologies can preserve significant index performance and protect against large drawdowns as wellsothe best of both worlds
Managed ETFs - Efficient investment products meet advanced risk management from OpenMetrics Solutions LLC
]]> 41 0 https://cdn.slidesharecdn.com/ss_thumbnails/190902managedetfs-190929101035-thumbnail.jpg?width=120&height=120&fit=bounds presentation Black http://activitystrea.ms/schema/1.0/post http://activitystrea.ms/schema/1.0/posted 0 Using Optimization to find Synthetic Equity Universes that minimize Survivorship and Selection Biases /slideshow/using-optimization-to-find-synthetic-equity-universes-that-minimize-survivorship-and-selection-biases/177371242 190920representativeuniverse-190929100826
There were two main factors leading to this presentation: The desire / customer request to apply our risk management environment on equities. Which was so far exclusively applied on broad market indices, commodities and currencies. The confrontation with various backtests that claim to generate huge premiums (10% and more than the benchmark index) through equity selection. ]]>
There were two main factors leading to this presentation: The desire / customer request to apply our risk management environment on equities. Which was so far exclusively applied on broad market indices, commodities and currencies. The confrontation with various backtests that claim to generate huge premiums (10% and more than the benchmark index) through equity selection. ]]> Sun, 29 Sep 2019 10:08:26 GMT /slideshow/using-optimization-to-find-synthetic-equity-universes-that-minimize-survivorship-and-selection-biases/177371242 fernfel@slideshare.net(fernfel) Using Optimization to find Synthetic Equity Universes that minimize Survivorship and Selection Biases fernfel There were two main factors leading to this presentation: The desire / customer request to apply our risk management environment on equities. Which was so far exclusively applied on broad market indices, commodities and currencies. The confrontation with various backtests that claim to generate huge premiums (10% and more than the benchmark index) through equity selection. <img style="border:1px solid #C3E6D8;float:right;" alt="" src="https://cdn.slidesharecdn.com/ss_thumbnails/190920representativeuniverse-190929100826-thumbnail.jpg?width=120&amp;height=120&amp;fit=bounds" /><br> There were two main factors leading to this presentation: The desire / customer request to apply our risk management environment on equities. Which was so far exclusively applied on broad market indices, commodities and currencies. The confrontation with various backtests that claim to generate huge premiums (10% and more than the benchmark index) through equity selection.
Using Optimization to find Synthetic Equity Universes that minimize Survivorship and Selection Biases from OpenMetrics Solutions LLC
]]> 23 0 https://cdn.slidesharecdn.com/ss_thumbnails/190920representativeuniverse-190929100826-thumbnail.jpg?width=120&height=120&fit=bounds presentation Black http://activitystrea.ms/schema/1.0/post http://activitystrea.ms/schema/1.0/posted 0 Invest in Technology and not in Mileage! /fernfel/invest-in-technology-and-not-in-mileage 190829investintechnology-190929100448
Many investors are searching for the ideal funds. These must not only fit specific investor requirements they also have to provide: Significant AuM (> 100 Mio.), high liquidity, best-in-class performance - ideally outperforming the market, low costs, experienced investment managers and last-but-not-least long and successful track records of minimum 3-5 years. This approach of searching for the holy grail has been the standard paradigm for decadesand still is! Unfortunately, the reality shows that most investment managers are not capable to outperform the market over a longer period, as a recent study from S&P Dow Jones Indices confirms*. We suggest to consider a new investment paradigm, and show how this can work in practice ]]>
Many investors are searching for the ideal funds. These must not only fit specific investor requirements they also have to provide: Significant AuM (> 100 Mio.), high liquidity, best-in-class performance - ideally outperforming the market, low costs, experienced investment managers and last-but-not-least long and successful track records of minimum 3-5 years. This approach of searching for the holy grail has been the standard paradigm for decadesand still is! Unfortunately, the reality shows that most investment managers are not capable to outperform the market over a longer period, as a recent study from S&P Dow Jones Indices confirms*. We suggest to consider a new investment paradigm, and show how this can work in practice ]]> Sun, 29 Sep 2019 10:04:48 GMT /fernfel/invest-in-technology-and-not-in-mileage fernfel@slideshare.net(fernfel) Invest in Technology and not in Mileage! fernfel Many investors are searching for the ideal funds. These must not only fit specific investor requirements they also have to provide: Significant AuM (> 100 Mio.), high liquidity, best-in-class performance - ideally outperforming the market, low costs, experienced investment managers and last-but-not-least long and successful track records of minimum 3-5 years. This approach of searching for the holy grail has been the standard paradigm for decadesand still is! Unfortunately, the reality shows that most investment managers are not capable to outperform the market over a longer period, as a recent study from S&P Dow Jones Indices confirms*. We suggest to consider a new investment paradigm, and show how this can work in practice <img style="border:1px solid #C3E6D8;float:right;" alt="" src="https://cdn.slidesharecdn.com/ss_thumbnails/190829investintechnology-190929100448-thumbnail.jpg?width=120&amp;height=120&amp;fit=bounds" /><br> Many investors are searching for the ideal funds. These must not only fit specific investor requirements they also have to provide: Significant AuM (&gt; 100 Mio.), high liquidity, best-in-class performance - ideally outperforming the market, low costs, experienced investment managers and last-but-not-least long and successful track records of minimum 3-5 years. This approach of searching for the holy grail has been the standard paradigm for decadesand still is! Unfortunately, the reality shows that most investment managers are not capable to outperform the market over a longer period, as a recent study from S&amp;P Dow Jones Indices confirms*. We suggest to consider a new investment paradigm, and show how this can work in practice
Invest in Technology and not in Mileage! from OpenMetrics Solutions LLC
]]> 27 0 https://cdn.slidesharecdn.com/ss_thumbnails/190829investintechnology-190929100448-thumbnail.jpg?width=120&height=120&fit=bounds presentation Black http://activitystrea.ms/schema/1.0/post http://activitystrea.ms/schema/1.0/posted 0 Is your financial risk management still up-to-date? /slideshow/is-your-financial-risk-management-still-uptodate/177369746 190926riskmanagementup-to-date-190929100031
There are plenty of concepts around identifying unfavorable financial market phases in order to early detect market crises. Just to name a few: Volatility, VaR/CVaR, Turbulence Indicators, Log Periodic Power Law Singularity, Sentiment Indices...and many, many more. Even when these concepts are properly back-tested with historical time-series, we often have to conclude that there are several shortcomings in practice like: Lag, missing precision, missing exits and entries. We suggest considering newer technologies, which are more mathematically advanced and nowadays available due to the abundance of computational capacity. ]]>
There are plenty of concepts around identifying unfavorable financial market phases in order to early detect market crises. Just to name a few: Volatility, VaR/CVaR, Turbulence Indicators, Log Periodic Power Law Singularity, Sentiment Indices...and many, many more. Even when these concepts are properly back-tested with historical time-series, we often have to conclude that there are several shortcomings in practice like: Lag, missing precision, missing exits and entries. We suggest considering newer technologies, which are more mathematically advanced and nowadays available due to the abundance of computational capacity. ]]> Sun, 29 Sep 2019 10:00:31 GMT /slideshow/is-your-financial-risk-management-still-uptodate/177369746 fernfel@slideshare.net(fernfel) Is your financial risk management still up-to-date? fernfel There are plenty of concepts around identifying unfavorable financial market phases in order to early detect market crises. Just to name a few: Volatility, VaR/CVaR, Turbulence Indicators, Log Periodic Power Law Singularity, Sentiment Indices...and many, many more. Even when these concepts are properly back-tested with historical time-series, we often have to conclude that there are several shortcomings in practice like: Lag, missing precision, missing exits and entries. We suggest considering newer technologies, which are more mathematically advanced and nowadays available due to the abundance of computational capacity. <img style="border:1px solid #C3E6D8;float:right;" alt="" src="https://cdn.slidesharecdn.com/ss_thumbnails/190926riskmanagementup-to-date-190929100031-thumbnail.jpg?width=120&amp;height=120&amp;fit=bounds" /><br> There are plenty of concepts around identifying unfavorable financial market phases in order to early detect market crises. Just to name a few: Volatility, VaR/CVaR, Turbulence Indicators, Log Periodic Power Law Singularity, Sentiment Indices...and many, many more. Even when these concepts are properly back-tested with historical time-series, we often have to conclude that there are several shortcomings in practice like: Lag, missing precision, missing exits and entries. We suggest considering newer technologies, which are more mathematically advanced and nowadays available due to the abundance of computational capacity.
Is your financial risk management still up-to-date? from OpenMetrics Solutions LLC
]]> 15 0 https://cdn.slidesharecdn.com/ss_thumbnails/190926riskmanagementup-to-date-190929100031-thumbnail.jpg?width=120&height=120&fit=bounds presentation Black http://activitystrea.ms/schema/1.0/post http://activitystrea.ms/schema/1.0/posted 0 https://cdn.slidesharecdn.com/profile-photo-fernfel-48x48.jpg?cb=1578577297 Main focus on supporting financial industry professionals and institutional clients with leading edge technology based on latest research from ETH Zurich www.openmetrics.ch https://cdn.slidesharecdn.com/ss_thumbnails/191211vortragdialogjungepolitik-191220153600-thumbnail.jpg?width=320&height=320&fit=bounds slideshow/junge-politik-im-dialog-ohne-kapitalmrkte-geht-es-nicht/208293432 Junge Politik im Dialo... https://cdn.slidesharecdn.com/ss_thumbnails/190829measuringfinancialmarketsstability-190929101312-thumbnail.jpg?width=320&height=320&fit=bounds slideshow/measuring-financial-markets-stability-a-new-systematic-approach-for-the-early-detection-of-financial-market-crises/177372098 Measuring Financial Ma... https://cdn.slidesharecdn.com/ss_thumbnails/190902managedetfs-190929101035-thumbnail.jpg?width=320&height=320&fit=bounds slideshow/managed-etfs-efficient-investment-products-meet-advanced-risk-management/177371625 Managed ETFs - Efficie...