The New Fund Order

Send us a Text Message.Welcome to The Path to COP (26) Podcast by Nordea Asset Management and in association with the Global Ethical Finance Initiative. Produced and Hosted by New Fund Order.Episode 3 - COP Round-up: Was anything achieved, was there progress or more gradualism? What effect and impact will decisions taken have on Society and Finance?What does it mean for investors? What does COP mean for engagement, stewardship, diversity, broader ESG and climate goals?Did COP aid a 'just transition' or yet more procrastination?We discuss with Sarah Wilson, CEO of Minerva and Michaela Zhirova from Nordea.Sarah Wilson is the founder and CEO of Minerva Analytics, the UK’s independent ESG research and proxy voting agency. Over the past 30 years Sarah has been closely involved in the development of innovation in the independent research industry, including the creation of the first electronic proxy voting message standards and the development of Europe’s premier database of objective governance profiles of 95% of the worlds companies by value.Michaela Zhirova joined the Responsible Investment team in Copenhagen in September 2018 as an ESG analyst. Before joining Nordea, she worked as a Governance and Responsible Investment analyst at Janus Henderson Investors in London. She has also worked at GES Investment Services (now part of Sustainalytics) and Hermes Equity Ownership Services.Credits: Sound effects by Soundbible.com and Zapsplatt. Creative Commons Attribution 3.0 and Public Domain 1.0. All additional Music used by Silvermansound.com Attribution 4.0 International (CC BY 4.0). Podcast platform by Buzzsprout. Images courtesy of guests, JB Moments Photography and Pixabay. Posters by Canva. Created, hosted and produced by New Fund Order. All rights reserved. www.Nordea.co.uk. www.PathtoCOP26.com. See the COP presidency programme here: https://lnkd.in/d8fPa4sFNordea Asset Management (UK)UK asset manager with offices in London. Copenhagen headquartered.Global Ethical Finance Initiative 'GEFI'Scottish based NGO focussed on Ethical Finance leading Path to COP campaign and events.Produced by New Fund OrderNew Fund Order podcast & productions #newfundorderDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Nordea Asset Management (UK)Leading Nordic Asset Manager Global Ethical Finance Initiative 'GEFI'Scottish based NGO driving ethical finance for change Produced by New Fund OrderDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the Show.

Send us a Text Message.Welcome to The Path to COP (26) Podcast by Nordea Asset Management and in association with the Global Ethical Finance Initiative. Produced and Hosted by New Fund Order.Episode 2 - Gender agenda: "Full and Meaningful Participation of Women and Girls in Climate Change".The UNFCC had already specifically noted how climate change was impacting women globally, more than men, whilst at the same time the tone within our own industry… with respect to the social agenda, worker inequality and diversity… had been rising in recent years. So there is plenty for COP to talk about today.Join me, JB Beckett, your host and guests Bev from CityHive and Katarina from Nordea for the second Path to COP podcast, covering;We look at % representation of women fund managers, the number is way too low.. why hasn’t the industry evolved in over two decades?•         Attracting women into Asset Management, what are we getting right, what are we getting wrong?•         Education; how do we use Education to attract and promote women into key professions?•         Why does better gender equality help cognitive diversity and EQ in the investment process?Is the ESG debate becoming too focussed on Net Zero at the risk of the social agenda? Equality and diversity on boards and Exec level, why is it important for better ESG?•         Are Quotas necessary or do they confuse the mission?How can investors deploy capital better to support gender equality and sustainable and social aims more generally?•         What can fund allocators do to address equality and diversity?Credits: Sound effects by Soundbible.com and Zapsplatt. Creative Commons Attribution 3.0 and Public Domain 1.0. All additional Music used by Silvermansound.com Attribution 4.0 International (CC BY 4.0). Podcast platform by Buzzsprout. Images courtesy of guests, JB Moments Photography and Pixabay. Posters by Canva. Created, hosted and produced by New Fund Order. All rights reserved. www.Nordea.co.uk. www.PathtoCOP26.com. See the COP presidency programme here: https://lnkd.in/d8fPa4sFNordea Asset Management (UK)UK asset manager with offices in London. Copenhagen headquartered.Global Ethical Finance Initiative 'GEFI'Scottish based NGO focussed on Ethical Finance leading Path to COP campaign and events.Produced by New Fund OrderNew Fund Order podcast & productions #newfundorderDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Produced by New Fund OrderNordea Asset Management (UK)Leading Nordic Asset Manager Global Ethical Finance Initiative 'GEFI'Scottish based NGO driving ethical finance for change Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the Show.

Send us a Text Message.Welcome to The Path to COP (26) Podcast by Nordea Asset Management and in association with the Global Ethical Finance Initiative. Produced and Hosted by New Fund Order.Episode 1 - Finance agenda: "Mobilising Public and Private Finance Flows at Scale for Mitigation and Adaptation".Join me, JB Beckett, your host and guests Natalie from GEFI and Harry from Nordea for the first Path to COP podcast, covering;1) The Race to Net Zero: When it comes to Net Zero targets, are we moving fast enough, how best to structure a roadmap that turns 30 years pledges into meaningful actions? Covering; How important are Climate-related strategies to becoming ‘Net Zero’?What progress are you hoping to see at COP?Net Zero pledges, powerful or platitude?Is divestment the answer?What challenges must organisations overcome to develop a net zero strategy?What’s driving the large number of net zero commitments?What tools and frameworks can help investors on their net zero journey?What role does the government play in delivering net zero?To what extent does it make sense for a financial institution to claim net zero alignment if the same isn’t also true for the economy at large?2) Carbon:  Has Climate Change become a binary question of Carbon and Weighted Climate Intensity? Covering; Is Carbon Unit Pricing, is it key to climate change?Is carbon offsetting a necessary evil or a useful tool?Is Scope 2 and 3 still problematic, does that matter?Green Energy, how best to finance?What type of carbon metrics allow investors to consider both legs of the “double materiality” of climate change?How can investors ensure that their performance on various carbon metrics isn’t disconnected from what’s happening in the real world?As well as; circularity, data and greenwashing.Guest Speaker Bios: Harry Granqvist, Nordea Asset Management.  “Harry is a Senior ESG Analyst focusing on climate and emerging markets. He joined Nordea in 2017 and prior to that worked with energy analytics and transition strategies in the UK. Harry holds a BA in Philosophy, Politics and Economics from the University of Oxford and an MSc in Environmental Policy and Regulation from the London School of Economics.”Natalie Jackson, Global Ethical Finance Initiative ('GEFI') “Natalie is an Executive Manager at the Global Ethical Finance Initiative (GEFI) and has over 10 years of experience working in finance. She worked in project finance with a focus on education, infrastructure and renewable energy projects. She has also spent extended periods of time working with social enterprises in Africa and has assisted entrepreneurs in the Global South through the Grow Movement and Kiva. Natalie also currently sits on the Social Growth Fund Board at Social Investment Scotland, advising on the disbursement of £17m of funding to Scottish social enterprises.”COP 26 Presidency programme:Nordea Asset Management (UK)UK asset manager with offices in London. Copenhagen headquarterNordea Asset Management (UK)Leading Nordic Asset Manager Global Ethical Finance Initiative 'GEFI'Scottish based NGO driving ethical finance for change Produced by New Fund OrderDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the Show.

Send us a Text Message.Welcome to Fight Club! For Season Two of the NFO podcast, step beneath the surface to debate the difficult issues facing asset management. Time to take this underground!Each round is a panel debate of two teams, one captain per team plus 2 team members.   Active versus Passive 🥊 💥 Round 1Active captain Simon Evan-Cook will be joined by Lucy Walker, CFA and Ben Conway 💥Passive captain Mark Northway will be joined by Robin Powell and Larry Swedroe 👊Equal time allocated, rapid debate. Each team will be allocated circa 25 minutes total time, monitored by JB. When each team is talking then time will automatically count down. If the team runs out of time then the remaining time is handed to the opposing team. Audience: Fund selectors, family offices, multi-managers, advisers, allocators, gatekeepers and distributors. We appreciate that there is already a high volume of podcasts and that fund selectors are heavily marketed to, however we believe that within this niche there is little competition and significant demand for content of this type. Given this gap I believe that it is the time to use the format of a podcast to bring together the community to discuss hot topics that are all too often led by partisan echo chambers and only discussed in opposing vacuums! 1) Can anyone truly be a passive investor? Aren’t we all different shades of active? Few buy a naive portfolio, whether it is market cap, factor investing, systematic strategies, SmartBETA? 2) Have we reached or will we reach “peak passive”? Did passive just get lucky with Big Tech or is the success of index investing just common sense? 3) Thinking the behavioural biases at play, is the concentration of assets around Star Managers the best argument for Active or Passive? Fighter BiosCaptain Team Passive: Mark Northway, investment manager at Sparrows Capital, NED and consultant.Larry Swedroe, Principal and Director of Research at Buckingham Family of Financial Services. Robin Powell, Journalist, investor advocate, financial educator & content consultant. Head of client education at RockWealth, Editor for 'The Evidence Based Investor' blog, Executive Director of Regis Media and Ember Television.Captain Team Active: Simon Evan-Cook, Manager of Multi-Asset, Multi-Manager Funds & Citywire Columnist. Blogs at nevermindthesilverbullets.com. Fund Manager, Downing Fund Managers. Lucy Walker, Giving fund research teams the tools they need to succeed | Founder at AM Insights | Deputy Chair at Aurora | NED at HINT | Co-CEO at Changing Digital.Ben Conway, Head of Fund Management at Hawksmoor Investment Management. Teaser trailer 📺 here: https://youtu.be/riH7fopTN-UCredits: Session recorded in Microsoft Teams. Sound effects by Zapsplatt.com. Images by Pixabay.coProduced by New Fund OrderDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the Show.

Send us a Text Message.Welcome to the Darkside of Fund Management and Research... the New Fund Order.Episode 20: Into the MindThe sky arcs obsidian, as thunderous clouds roll in and heavy rain pours down. We are forced to open an iron door and take refuge inside an old hospital only to be greeted by the wails of its patients within. What dark horrors await us in this place?Step into our asylum of cognitive discourse to explore the dark corners of the mind of the fund selector. Everything from cognitive bias to heuristics, star mangers, monsters and criminality. We walk down the chilling corridors, with Mind Equity's Nuala Walsh, as we ask the taboo, the frightening and the controversial. This season finale then offers the culmination of a series of behavioural episodes in Season 1. We ask;Are Monsters and Villains the psychological flip side of star manager culture and ideology?How can overweighting IQ over EQ hurt outcomes, our desire to be cleverer then the next person?What does it mean to observe irrationality?How can understanding the peak-end rule help in decision making?Should selectors be more like FBI agents when researching fund managers or attending a blow up?About Nuala: A global strategic adviser, Non-Executive Director, behavioural scientist, and award-winning marketeer, with decades of experience in asset management, investment banking, and consulting.Founder of MindEquity -  a business, brand, and behavioural science consultancy.Founder and Director of the world's first Global Association of Applied Behavioural Scientists.Various Board / Advisory Appointments:- Investments (TSLombard; JD Haspel; Chartered Institute of Securities & Investments);- Sport (The Football Association; World Athletics);- Non-profits (UNWomen UK).Former Chief Marketing Officer at FTSE-50 plc, Standard Life Aberdeen with a track record of growth, modernization, and globalization at Merrill Lynch, Blackrock, and Standard Life Investments.  Also led sponsorships in golf, rugby, tennis, motor racing eg. Ryder Cup; British & Irish Lions; Goodwood and ATP Champions Tour.Named among Top 100 Most Influential Women in Finance; and the 50 Most Innovative CMOs.  Holds a Masters in Behavioural Science; Masters in Business Studies; BA in Philosophy.  Studied Forensic Psychology.  Published and cited in various publications - Harvard Business Review, Economist, Telegraph, Fox Business News.A keynote speaker, coach, and visiting lecturer in multiple universities.Go to: MindEquity: Overview | LinkedInCreditsGeorge Orwell 'Nineteen-Eighty Four', Public Domain 1.0.Audio clips: Public domain 1.0. Archive.org. Youtube.com. Additional Sound effects by Soundbible.com. Creative Commons Attribution 3.0 and Public Domain 1.0. All additional Music used by Silvermansound.com. Music: The Visitor by Shane Ivers - https://www.silvermansound.com, Attribution 4.0 International (CC BY 4.0)Allianz Global Investors (AGI)Active is: Allianz Global Investors. Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the Show.

Send us a Text Message.Welcome to the New Fund Order. An Orwellian journey into the Darkside, the Frontier and the Fringe of Finance.In our ever ending journey to tackle the tough topics in our industry, I talk to Justin Onuekwusi about his ‘I am’ campaign and ‘Talk about Black’. We discuss why there is a lack of diversity, why there is not enough black representation in finance and asset management… and indeed fund selection. What are the industry biases, what are the structural barriers to progression, are monikers like ‘BAME’ helpful, what can fund selectors do to become allies? Together with left-field opinion, global market news and latest views, direct from my dystopian bunker. In association with my sponsor Allianz Global Investors (AGI) one of the world's leading active managers.Please LIKE, SHARE and SUBSCRIBE. Please leave a REVIEW and let me know what you think and what topics you would like for future episodes. Until then... stay safe and.. keep it left-field!!That's 20 episodes, 20 Guests, every 2 weeks... Join the NFO Army Citizen, https://www.patreon.com/newfundorderLeft-field Finance.#newfundorderCredits: Archive.org. Jessie Jackson, address to the Democratic National Convention. Public Domain 1.0 https://ia803402.us.archive.org/6/ite...Music: Liturgy Of The Street by Shane Ivers - https://www.silvermansound.comPictures and videos: Pixabay.Cos, Getty images, ReutersAllianz Global Investors (AGI)Active is: Allianz Global Investors. Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the Show.

Send us a Text Message.Welcome to the New Fund Order. An Orwellian journey into the Darkside, the Frontier and the Fringe of Finance.We open The Sironi Files with Fintech supreme Paolo Sironi on his seminal work on Financial Market Transparency (‘FMT’), anthropology, gamification and data platforms and how these are changing asset management and fund selection from the outside in, and inside-out. In this intrigue rich episode is it mission impossible or mystery to be solved? Why is uncertainty and complexity the new normal? We pick up the phone ☎️  and make the call. Will it be answered? About Paolo Sironi: “Paolo is the Global Research Leader in Banking and Financial Markets at IBM, Institute for Business Value. He is senior advisor for selected global accounts, assisting service teams in Board-level and C-level conversations about business model adaptation in platform economies. Paolo founded the German start-up Capitects, then acquired by IBM, and directed the quantitative risk management department of Banca Intesa Sanpaolo. He is one of the most respected Fintech voices worldwide and co-hosts the European edition of Breaking Banks podcast. He is celebrated book author on digital transformation, quantitative finance and economics, and keynote  speaker at major international events.”Go to:https://www.thepsironi.com/Podcast: https://www.thepsironi.com/podcastCheck out Paolo’s books: https://www.thepsironi.com/booksAmazon book store: https://www.amazon.co.uk/Paolo-Sironi/e/B00TLMSSA2?tag=relinks-21‘Banks and Fintech on Platform Economies’ SOON - OCTOBER 2021 Together with left-field opinion, global market news and latest views, direct from my dystopian bunker. In the Air, on the Ground, on the Street and around the corner of Debate. Watching, listening, in the Shadows and on your Airwaves. For Fund Selectors, distributors, wealth managers and investors.In association with my sponsor Allianz Global Investors (AGI) one of the world's leading active managers. My thanks to my guest Paolo Sironi.. and you dear listener.Please LIKE, SHARE and SUBSCRIBE. Please leave a REVIEW and let me know what you think and what topics you would like for future episodes. Until then... stay safe and.. keep it left-field!!That's 20 episodes, 20 Guests, every 2 weeks... each episode is 25 minutes!Join the NFO Army Citizen, https://www.patreon.com/newfundorderLeft-field Finance.#newfundorderCredits;George Orwell 'Nineteen-Eighty Four', Public Domain 1.0.Sound effects by Soundbible.com. Creative Commons Attribution 3.0 and Public Domain 1.0.All additional Music used by Silvermansound.com Attribution 4.0 International (CC BY 4.0). Music: Codename Dougwood by Shane Ivers - Allianz Global Investors (AGI)Active is: Allianz Global Investors. Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the Show.

Send us a Text Message.Welcome to the New Fund Order. An Orwellian journey into the Darkside, the Frontier and the Fringe of Finance.We speak with SharingAlpha.com co-founder Oren Kaplan on creating his innovative global platform, the wisdom of the crowd, building community and insights against the backdrop of a global pandemic. In a more distanced world, is SharingAlpha.com the real ‘new normal’?"SharingAlpha went live in April 2016 and has already become the world's largest community of professional fund buyers.MissionSharing Insight on the Many not the FewNo single research team can cover the wide range of funds available and thus typically focusing their efforts on a very limited number of funds, those with excellent track record have become blockbuster or 'mega funds'. Consequently, over 95% of the funds lack independent qualitative analysis and don't receive significant flows.Using the power of the internet we are able to scale and offer forward-looking ratings on funds, from our community of professional fund investors, to share insight, to share alpha.Recognising top fund allocators"Check out more at: SharingAlpha.com Together with left-field opinion, global market news and latest views, direct from my dystopian bunker. In association with my sponsor Allianz Global Investors (AGI) one of the world's leading active managers. My thanks to my guest Oren.. and you dear listener.Please LIKE, SHARE and SUBSCRIBE. Please leave a REVIEW and let me know what you think and what topics you would like for future episodes. Until then... stay safe and.. keep it left-field!!That's 20 episodes, 20 Guests, every 2 weeks... each episode is 25 minutes!Join the NFO Army Citizen, https://www.patreon.com/newfundorderLeft-field Finance.#newfundorderCreditsGeorge Orwell 'Nineteen-Eighty Four', Public Domain 1.0.Additional Sound effects by Soundbible.com and Zapsplat.com. Creative Commons Attribution 3.0 and Public Domain 1.0. All additional Music used by Silvermansound.com Attribution 4.0 International (CC BY 4.0)Clip: Taken by audience at World Economic Forum (unattributed) in Davos of Yuval Noah Harari. '  Davos Switzerland 2020: Yuval Noah Harari  Warns “ Rise of Human Enslavement by Corporations and Governments.“If you have data you don’t have to send soldiers “ Yuval Harari saidHe is a free thinker and Nobel Prize wining philosopher. Link to full interview at Davos 2020 Business and World Economic Forum https://youtu.be/gG6WnMb9FhoDavos 2020: Yuval Noah Harari “ Rise of Digital Dictatorships by Corporations and Governments” https://youtu.be/Jguf2RK8e7w© SharingAlpha logo courtesy of SharingAlpha. Copyright 2021 SharingAlpha. All rights reserved. Music: Samovar Party by Shane Ivers - https://www.silvermansound.comAllianz Global Investors (AGI)Active is: Allianz Global Investors. Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the Show.

Send us a Text Message.Welcome to the New Fund Order. An Orwellian journey into the Darkside, the Frontier and the Fringe of Finance.Our first New Fund Order debate, about 'that manager'...We debate the ins and outs, the ups and downs of that 'Oracle of Oxford' and the whole sad and sorry affair which rocked fund allocators, distributors and the divinity of the star manager.Helping guide us through the detail are the two prominent writers David Ricketts of 'When the Fund Stops' and Owen Walker 'Built on a Lie'. When the Fund Stops by David Ricketts | Harriman House (harriman-house.com)Built on a Lie (penguin.co.uk)Check out the trailer here: https://youtu.be/M9nhgC64rCIWe explore the collective culpability by the; regulator, the regulations, authorised corporate directors, depositaries, buy list providers, pension schemes, media, even the fund structure and all who had a hand in the rise and fall of the UK's most famous fund manager.We explore whether there was  a duality of culture, was/is there an inherent flaw in the open-ended fund model? Is the desire to build book ultimately a recipe to create "supertanker funds" and undermine outcomes for investors, how can we stop the worst of investor herding out of funds? Do fund allocators get too close to their fund managers? Was there simply a lack of due diligence by fund allocators? Was it a tale of misogyny, risk raking, and greed? Was there too much hubris? What did the manager get right, what wrong? What could allocators do better? How do we inflect, reflect and reconcile? Will selectors make the same mistake again? Probably. What lessons can we learn? Hopefully a few...Credits;Additional Sound effects by Soundbible.com. Creative Commons Attribution 3.0 and Public Domain 1.0. All additional Music used by Silvermansound.com Attribution 4.0 International (CC BY 4.0). Music: Mystery Unsolved by Shane Ivers - https://www.silvermansound.comAllianz Global Investors (AGI)Active is: Allianz Global Investors.Support the show (https://www.patreon.com/newfundorder)Allianz Global Investors (AGI)Active is: Allianz Global Investors. Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the Show.

Send us a Text Message.Welcome to the New Fund Order. An Orwellian journey into the Darkside, the Frontier and the Fringe of Finance.Ny fondordreEpisode #15The water ripples as the air chirps to the sound of bicycles. It could only be Copenhagen! I sit down and discuss what makes fund selection different in Denmark and the wider Scandi-fication of wealth management across Europe and beyond. We tackle ESG, diversity, quantification and the introduction of ETF products. A fascinating and insightful discussion, framed by the unexpected Russian tones of Leon Trotsky, during his stay in Copenhagen, on the future of Europe and balance of global power. With Anders Bertramsen, Head of External Products NAM"I have the privilege of managing a small group of highly skilled investment professionals based in both Copenhagen and Stockholm." Previously Anders was with Handelsbanken, Lærernes Pension, Kirstein Finansrådgivning.  Currently with Nordea Asset Management (NAM), part of the Nordea Group, the largest financial services group in the Nordic region.'In Defence Of October'A speech delivered in Copenhagen, Denmark in November 1932Leon Trotsky: In Defence Of October (1932) His views will surprise many. See the film on YouTube here: https://youtu.be/WiK_8YD6ob8"In 1935 Trotsky was compelled to move to Norway, and in 1936, under Soviet pressure, he was forced to seek asylum in Mexico, where he settled at Coyoacán. He was represented as the principal conspirator, in absentia, in the treason trials of former communist opposition leaders held in Moscow (1936–38). The evidence of treasonable plotting, however, was later proved to be fictitious. Leon Trotsky - Exile and assassination | BritannicaTogether with left-field opinion, global market news and latest views, direct from my dystopian bunker. In association with my sponsor Allianz Global Investors (AGI) one of the world's leading active managers. My thanks to my guest Anders.. and you dear listener.Please LIKE, SHARE and SUBSCRIBE. Please leave a REVIEW and let me know what you think and what topics you would like for future episodes. Until then... stay safe and.. keep it left-field!!That's 20 episodes, 20 Guests, every 2 weeks... each episode is 25 minutes!Join the NFO Army Citizen, https://www.patreon.com/newfundorderLeft-field Finance.#newfundorderCreditsMarket News from the Financial Services Club. Go to https://fsclub.zyen.com/George Orwell 'Nineteen-Eighty Four', Public Domain 1.0.Audio clips: Public domain 1.0.Allianz Global Investors (AGI)Active is: Allianz Global Investors. Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the Show.

Send us a Text Message.Welcome to the New Fund Order. An Orwellian journey into the Darkside, the Frontier and the Fringe of Finance. Normal service resumed, as we catch up with Hong Kong veteran and Welshman Richard Harris of Port Shelter as to expand our appreciation for noise and narratives in markets. We cover;  Words: Truth, Bias, Noise and Narrative.. How do words and media change how investors think and react? Asia: Philosophically and practically.. in the breakdown are there key differences in the way wealth is managed in Hong Kong and Asia to Europe? How does that impact the selection of fund managers? Fiscal policy: G7, taxation. What trickle down effects do you see it having on markets and in turn funds? Inflation: Global inflation and regional variance. Are we facing into a new cycle of higher inflation and will central banks freeze from raising rates leading to a collapse in real yields? Are Bond markets a bust? How should fund allocators hedge their portfolios from inflation scenarios? Trade: Global free trade, is it in danger? How important is the Trans Pacific trade agreement and bringing U.K. into that trading scrum? How does US and China best play U.K. and Europe?  Macro: Capital flows into and out of China, is China ascending US as the global leader economically, and from there in Financial markets? Is the world now chasing the tail of the Dragon?  Equities: Has the question in global equities become too narrow and binary on the fortunes of Big US Tech, should fund allocators be going wide and looking to the wings to run the ball...Excerpt;"How noise affects the decisions we makeTruth, bias, noise and narrative. by Richard HarrisIt is now a truth universally accepted that opinions and decisions are made both intuitively fast and analytically slow.  Daniel Kahneman’s book “Thinking Fast and Slow” revolutionised how we think about how we think.  For those looking to wade through Kahneman’s small-print, 500-page life’s work, I recommend starting with Michael Lewis’ book “The Undoing Project”, which explains the relationship between “Danny” and his friend and collaborator Amos Tversky. Amos sadly died before he could receive the Nobel Prize that he would have won with Kahneman in 2002...The good news is that most of our decisions are close enough right.   Armed with Kahneman’s ideas, we can better optimise them if we are aware of those narratives which are so noisy that they are (from Macbeth), “a tale told by an idiot, full of sound and fury, signifying nothing.”Richard Harris is Chief Executive of Port Shelter Investment and is a veteran investment manager, banker, writer and broadcaster and financial expert witness.  Credits;George Orwell 'Nineteen-Eighty Four', Public Domain 1.0.Source: BBC.co.uk. A small choir of unidentified Welsh miners perform two pieces for your entertainment. Their first song is a Welsh hymn entitled 'Ebenezer' ('Ton-y-Botell'). Taken from a 1936 programme called 'Street Show', this recording was made in the BBC Concert Hall at Broadcasting House in London. Originally broadcast 14 December 1936. Public domain 1.0. Additional Sound effects by Soundbible.com. Creative Commons Attribution 3.0 and Public Domain 1.0. All additional Music used by Silvermansound.com AttrAllianz Global Investors (AGI)Active is: Allianz Global Investors. Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the Show.

Send us a Text Message.Welcome to the New Fund Order. An Orwellian journey into the Darkside, the Frontier and the Fringe of Finance.Bombarding your airwaves, this episode explores the implications of behavioural finance and Daniel Kahneman's latest book 'Noise'. How is 24/7 media impacting investing decisions? We go overwatch with our guide, and experienced asset allocator and behavioural observer, Joe Wiggins (ex ASI). Together we examine 'noise' versus investor and fund selector biases and; variability and inconsistency, which is even more difficult to manage compared to consistent biases, how base rates and other tools can be used to cut through that noise and ultimately explore some of the behavioural trappings common to wealth management and fund research.Check out Joe's blog here: Joe Wiggins | Behavioural InvestmentCheck out more about Kahneman's book 'Noise' here: Home - The Noise Book (readnoise.com)Together with left-field opinion, global market news and latest views, direct from my dystopian bunker. In association with my sponsor Allianz Global Investors (AGI) one of the world's leading active managers. My thanks to my guest Joe.. and you dear listener.Please LIKE, SHARE and SUBSCRIBE. Please leave a REVIEW and let me know what you think and what topics you would like for future episodes. Until then... stay safe and.. keep it left-field!!That's 20 episodes, 20 Guests, every 2 weeks... each episode is 25 minutes!Join the NFO Army Citizen, https://www.patreon.com/newfundorderLeft-field Finance.#newfundorderCreditsGeorge Orwell 'Nineteen-Eighty Four', Public Domain 1.0. Assorted news clips unattributed. Source: Youtube.com . Additional Sound effects by Soundbible.com. Creative Commons Attribution 3.0 and Public Domain 1.0. All additional Music used by Silvermansound.com Attribution 4.0 International (CC BY 4.0)Allianz Global Investors (AGI)Active is: Allianz Global Investors. Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the Show.

Send us a Text Message.Welcome to the New Fund Order. An Orwellian journey into the Darkside, the Frontier and the Fringe of Finance.In another special extended episode where we talk diversity and 'Women'.. and exactly what is 'their place' in asset management and how has that changed in 50 years of discussing gender equality? Is it all talk and ALL trousers? How do fund selectors address the duality of ‘woman’  from the gender Diversity and Inclusion (D&I) point of view? We contrast the old and new in this gender-charged episode. I try to get beneath the corporate platitudes and diversity glitter, with City Hive's Bhavini 'Bev' Shah, as we explore the biases in fund selection towards women, discuss education in context to EQ v IQ, neural diversity, touch on 'Woodford' and debunk notions of key MAN misnomer or ‘MANager’ syndrome!Together with left-field opinion, global market news and latest views, direct from my dystopian bunker. In association with my sponsor Allianz Global Investors (AGI) one of the world's leading active managers. My thanks to my guest Bev.. and you dear listener.Please LIKE, SHARE and SUBSCRIBE. Please leave a REVIEW and let me know what you think and what topics you would like for future episodes. Until then... stay safe and.. keep it left-field!!That's 20 episodes, 20 Guests, every 2 weeks... Join the NFO Army Citizen, https://www.patreon.com/newfundorderLeft-field Finance.#newfundorderCredits:George Orwell 'Nineteen-Eighty Four', Public Domain 1.0.Audio clips: Public domain 1.0,  Amelia Earhart 'The Future of Women Flying' and Gloria Steinem 'Address to the Women of America'. Source: Archive.org. Additional Sound effects by Soundbible.com. Creative Commons Attribution 3.0 and Public Domain 1.0. All additional Music used by Silvermansound.com Attribution 4.0 International (CC BY 4.0)Allianz Global Investors (AGI)Active is: Allianz Global Investors. Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the Show.

Send us a Text Message.Welcome to the New Fund Order. An Orwellian journey into the Darkside, the Frontier and the Fringe of Finance.In a feature-length Radiocast we venture into the Science and Science Fiction of Asset Management as luminaire and writer Tom Chatfield explores our 'MetaCognition' and the wars in our world between people, and between humans and technology. Framed with original clips from the famous Mercury Theatre ‘War of the Worlds’ production by non other than Orson Wells.  How do we reconcile protest in Finance? Why are people revolting against established structures? How is data being used by us and against us? What is ‘surveillance capitalism’? Are markets efficient or manipulated? Do we collectively face a war of the worlds, in social media, data and society?Bio: Dr Tom Chatfield (@TomChatfield) is a British author, tech philosopher and educator. His books exploring digital culture are published in over two dozen languages. His latest non-fiction book, Critical Thinking, is a bestselling textbook in its field; and his debut novel, This Is Gomorrah, was a Sunday Times thriller of the month. He’s interested in improving our experiences and understanding of technology. Tom’s non-fiction books exploring digital culture, including How To Thrive in the Digital Age (Pan Macmillan) and Live This Book! (Penguin), have appeared in over thirty languages.“The War of the Worlds”—Orson Welles'  realistic radio dramatization of a Martian invasion of Earth—is broadcast on the radio on October 30, 1938. Welles was only 23 years old when his Mercury Theater company decided to update H.G. Wells’s 19th-century science fiction novel The War of the Worlds for national radio. The War of the Worlds (1938 radio drama) - WikipediaPlease LIKE, SHARE and SUBSCRIBE. Please leave a REVIEW and let me know what you think and what topics you would like for future episodes. Until then... stay safe and.. keep it left-field!!That's 20 episodes, 20 Guests, every 2 weeks... each episode is 25 minutes!Left-field Finance.#newfundorderCreditsMore about Tom’s latest book ‘How to Think’ https://uk.sagepub.com/en-gb/eur/how-to-think/book273430And ‘This is Gomorrah’ https://bibliophilebookclub.com/2019/07/31/qa-with-tom-chatfield-author-of-this-is-gomorrah/George Orwell 'Nineteen-Eighty Four', Public Domain 1.0.Audio clips: Public domain 1.0, 'Wart of the Worlds' radiocast (1938) by Mercury Theatre. "The War of the Worlds" is an episode of the American radio drama anthology series The Mercury Theatre on the Air directed and narrated by actor and future filmmaker Orson Welles as an adaptation of H. G. Wells's novel The War of the Worlds (1898). It was performed and broadcast live as a Halloween episode at 8 p.m. on Sunday, October 30, 1938, over the Allianz Global Investors (AGI)Active is: Allianz Global Investors. Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the Show.

Send us a Text Message.Welcome to the New Fund Order. An Orwellian journey into the Darkside, the Frontier and the Fringe of Finance.In a special extended feature we go all Zen master with one of Europe's most experienced fund allocators, Clive Hale (aka 'Bear'). Explore his 'unique' philosophy since entering the industry in 1979.Robert Pirsig sets the scene through his book 'Zen and the Art of Motorcycle Maintenance'. Join two bikers on a journey of the mind. Is Finance a human construct, what of the laws of nature? What does mindfulness actually mean when it comes to deciding on a fund manager? Has ESG approached fanaticism and how do we internalise ESG? Have we gone the wrong way on due diligence? Do we confuse size with quality? How do we respond when a fund goes wrong? Is there room for contrary opinion, today, what about the esoteric like Bitcoin and Non Fungible Tokens?Bio: Clive has been involved with the investment industry for over 40 years as a fund manager, funds researcher, non-exec director, investment committee chairman, event speaker and consultant. He is a consultant to, amongst others, a company he co-founded in 2012  – Albemarle Street Partners – a boutique investment consultancy and discretionary fund manager, and is co-manager of the Atlantic House Total Return fund. Together with left-field opinion, global market news and latest views, direct from my dystopian bunker. In association with my sponsor Allianz Global Investors (AGI) one of the world's leading active managers. My thanks to my guest Clive.. and you dear listener.Please LIKE, SHARE and SUBSCRIBE. Please leave a REVIEW and let me know what you think and what topics you would like for future episodes. Until then... stay safe and.. keep it left-field!!That's 20 episodes, 20 Guests, every 2 weeks... each episode is 25 minutes!Join the NFO Army Citizen, https://www.patreon.com/newfundorderLeft-field Finance.#newfundorderCreditsGeorge Orwell 'Nineteen-Eighty Four', Public Domain 1.0.Audio clips: Public domain 1.0, 'Hippies' US Government film (unattributed) clip (1967). Source: Archive.org. Additional Sound effects by Soundbible.com. Creative Commons Attribution 3.0 and Public Domain 1.0. All additional Music used by Silvermansound.com Attribution 4.0 International (CC BY 4.0)Allianz Global Investors (AGI)Active is: Allianz Global Investors. Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the Show.

Send us a Text Message.Welcome to the New Fund Order. An Orwellian journey into the Darkside, the Frontier and the Fringe of Finance.Somewhere a metronome begins ticking, he clicks his fingers then begins to tap dance across the room, then up the walls and finally onto the ceiling! He sets the beat for how he has developed funds over the years and dances to his own tune.  I am joined by veteran fund strategist Jean-Francois Hautemulle. Join us as we share experiences from the buy AND sell side. Is M&A a game of musical chairs? What are the little tricks Distribution doesn't want buyers to know? We debate changes to the product; lifecycle, positioning, asset concentration, organic versus inorganic growth, innovation and evolution. The Scale game: why do supertanker funds exist; why do so few new funds reach 100 million in size? Why should fund development be seen by ExCos as strategic not tactical? Is ESG here to stay and how should we develop products to better meet investor needs? What then is value?Fund selectors are unwittingly curated by unseen product managers and strategists into; new funds, sectors, fashions and vogues. How funds are then developed have a huge impact on the end outcomes for investors. So what does responsible and sustainable fund development look like? Together with left-field opinion, global market news and latest views, direct from my dystopian bunker. In the Air, on the Ground, on the Street and around the corner of Debate. Watching, listening, in the Shadows and on your Airwaves. For Fund Selectors, distributors, wealth managers and investors.In association with my sponsor Allianz Global Investors (AGI) one of the world's leading active managers. My thanks to my guest Jean-Francois and Terres Neuves.. and you dear listener.Please LIKE, SHARE and SUBSCRIBE. Please leave a REVIEW and let me know what you think and what topics you would like for future episodes. Until then... stay safe and.. keep it left-field!!That's 20 episodes, 20 Guests, every 2 weeks... each episode is 25 minutes!Join the NFO Army Citizen, https://www.patreon.com/newfundorderLeft-field Finance.#newfundorderCredits;George Orwell 'Nineteen-Eighty Four', Public Domain 1.0.Audio clips: Archive.org. Royal Wedding is a 1951 Metro-Goldwyn-Mayer musical comedy film starring Fred Astaire and Jane Powell, with music by Burton Lane and lyrics by Alan Jay Lerner. The film was directed by Stanley Donen.Sound effects by Soundbible.com. Creative Commons Attribution 3.0 and Public Domain 1.0.All additional Music used by Silvermansound.com Attribution 4.0 International (CC BY 4.0)Allianz Global Investors (AGI)Active is: Allianz Global Investors. Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the Show.

Send us a Text Message.Welcome to the New Fund Order. An Orwellian journey into the Darkside, the Frontier and the Fringe of Finance.In this special episode, enter the dojo with Gandy Gandidzanwa of Conceptual as we slice through the first 7 samurai episodes of the NFO podcast.When it comes to selecting boutique asset managers is it really a case of 'measure twice, cut once'? Gandy and I confront the insights and revelations from previous guests on asset concentration to; supertankers, technology disruption, equity styles, value, gatekeepers, star managers, professionalism, fund costs, existentialism, risk and governance.All Episodes are available on Newfundorder.Buzzsprout.com.Together with left-field opinion, global market news and latest views, direct from my dystopian bunker. In the Air, on the Ground, on the Street and around the corner of Debate. Watching, listening, in the Shadows and on your Airwaves. For Fund Selectors, distributors, wealth managers and investors.In association with my sponsor Allianz Global Investors (AGI) one of the world's leading active managers. My thanks to my guest Gandy and Conceptual.. and you dear listener.Please LIKE, SHARE and SUBSCRIBE. Please leave a REVIEW and let me know what you think and what topics you would like for future episodes. Until then... stay safe and.. keep it left-field!!That's 20 episodes, 20 Guests, every 2 weeks... each episode is 25 minutes!Join the NFO Army Citizen, https://www.patreon.com/newfundorderLeft-field Finance.#newfundorderCredits;George Orwell 'Nineteen-Eighty Four', Public Domain 1.0.Audio clips: Public domain 1.0, 'Seven Samurai' (1954), directed by Akira Kurosawa, produced by Sojiro Motoki for Toho. Film music clip by Fumio HayasakaSound effects by Soundbible.com. Creative Commons Attribution 3.0 and Public Domain 1.0.All additional Music used by Silvermansound.com Attribution 4.0 International (CC BY 4.0)Allianz Global Investors (AGI)Active is: Allianz Global Investors.Allianz Global Investors (AGI)Active is: Allianz Global Investors. Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the Show.

Send us a Text Message.Welcome to the New Fund Order. An Orwellian journey into the Darkside, the Frontier and the Fringe of Finance.On the air you can hear the strings begin to play, as clouds roll off the Swiss Alps and Lake Geneva ripples on a gentle breeze.. The sun shines on Switzerland in a way rarely paralleled by any other market and there is much to be thankful for. European fund selection more broadly, as it is inextricably linked with the growth of asset management, too has enjoyed a beautiful renaissance over the last 20 years but is that Belle Epoch about to darken, will reflection give way to requiem? I am joined by arguably Europe's most famous fund allocator, Mussie Kidane of Pictet. Join us, as two old soldiers of fund selection, as we reflect; on our careers, how fund selection and asset allocation has changed, the impact of ROBO and whether professional fund investing has a future. One retired; the other very much active. How then to keep tempo in an ever changing world? Time is ever-unrelenting yet, 13 years on from the Great Financial Crash (GFC) and the awful realisation of the Bernie Madoff Ponzi scheme, many things continue to haunt us as fund allocators. Our history is littered with blow-ups, crashes and poor risk management. On the news of Madoff's passing; and as the fall-out of the Archegos scandal continues, is today's generation of fund allocators equipped to appreciate the risks in the system? Many of whom had no first hand recollection of the GFC let alone the dotcom bubble. In an age of complex social media, Crypto, asset bubbles, momentum, indexation, digitalisation, automation and tokenisation, Mussie and I debate the implications for asset allocation in this very special episode of New Fund Order. Together with left-field opinion, global market news and latest views, direct from my dystopian bunker. In the Air, on the Ground, on the Street and around the corner of Debate. Watching, listening, in the Shadows and on your Airwaves. For Fund Selectors, distributors, wealth managers and investors.In association with my sponsor Allianz Global Investors (AGI) one of the world's leading active managers. My thanks to my guest Mussie and Pictet.. and you dear listener.Please LIKE, SHARE and SUBSCRIBE. Please leave a REVIEW and let me know what you think and what topics you would like for future episodes. Until then... stay safe and.. keep it left-field!!That's 20 episodes, 20 Guests, every 2 weeks... each episode is 25 minutes!Join the NFO Army Citizen, https://www.patreon.com/newfundorderLeft-field Finance.#newfundorderCredits;George Orwell 'Nineteen-Eighty Four', Public Domain 1.0.Audio clips: Archive.org. General Douglas MacArthur address to Congress (1951). Public domain. Music: Wolfgang Amadeus Mozart, Requiem in D Minor, 626, by Slovak Philarmonic Orchestra. 2008. Public domain.Sound effects by Soundbible.com. Creative Commons Attribution 3.0 and Public Domain 1.0.All additional Music used by Silvermansound.com Attribution 4.0 International (CC BY 4.0)Allianz Global Investors (AGI)Active is: Allianz Global Investors. Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the Show.

Send us a Text Message.Welcome to the New Fund Order. An Orwellian journey into the Darkside, the Frontier and the Fringe of Finance.A cold wind is blowing.. As night falls on Europe, in the City a bearded stranger checks his watch under street lamp, beneath his trilby and overtly 60s square glasses he checks the time. As he waits he grasps onto his Russian 8mm cine, in the shadows lurk all the secrets of the European fund distribution industry. His contact, a Frenchman, has the dossier he needs but will he talk?Join us in the noir of fund costs and governance, just how well do fund selectors understand the costs of the funds they are paying for and does the industry offer good value?  Many things change yet some things remain the same. Our industry is nearly 8 times larger than 2 decades ago but does it offer investors eight times the experience? Our contact is Hugues Gillibert, co-founder of Fitz Partners, our de facto  'man on the inside' and keeper of the industry secrets. We go all espionage with Hugues to discuss value for money.Together with left-field opinion, global market news and latest views, direct from my dystopian bunker. In the Air, on the Ground, on the Street and around the corner of Debate. Watching, listening, in the Shadows and on your Airwaves. For Fund Selectors, distributors, wealth managers and investors.In association with my sponsor Allianz Global Investors (AGI) one of the world's leading active managers. My thanks to my guest Hugues and Fitz Partners.. and you dear listener.Please LIKE, SHARE and SUBSCRIBE. Please leave a REVIEW and let me know what you think and what topics you would like for future episodes. Until then... stay safe and.. keep it left-field!!That's 20 episodes, 20 Guests, every 2 weeks... each episode is 25 minutes!Join the NFO Army Citizen, https://www.patreon.com/newfundorderLeft-field Finance.#newfundorderCredits;George Orwell 'Nineteen-Eighty Four', Public Domain 1.0.Audio clips: Archive.org. JFK Inauguration speech (1961). Public domain. First released 1991.Sound effects by Soundbible.com. Creative Commons Attribution 3.0 and Public Domain 1.0.All additional Music used by Silvermansound.com Attribution 4.0 International (CC BY 4.0)Allianz Global Investors (AGI)Active is: Allianz Global Investors.Allianz Global Investors (AGI)Active is: Allianz Global Investors. Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the Show.

Send us a Text Message.Welcome to the New Fund Order. An Orwellian journey into the Darkside, the Frontier and the Fringe of Finance.Picture a dark night.. rain pours down the ramparts as a storm thunders in the distance.. the light picks up the horde; an army of wannabe fund managers and eager asset-deprived  boutiques  descend upon the fortress walls. Yet before them stands a warrior, a knight, a paladin, a Gatekeeper to test them.. who proclaims 'Thou Shall.. Not.... Pass!!!!'Join us into the mud, the murk, this gothica come rock opera.. the world of Fund and investment Gatekeepers. Who are they, what do they do and... are they any good?Billions of assets are being managed and influenced by powerful fund gatekeepers. If you are not on their list then you are definitely not getting in. So many have fallen in this distribution blood-soaked field.. yet who governs the Gatekeepers? With ever centralised investment propositions and the rise of model portfolio services, as an industry we face regulatory arbitrage, asset concentration, a climate crisis, momentum markets, group think and star manager biases. Our safe pathfinder through this battlefield is Bella Caridade-Ferreira, founder of Fundscape as we discuss the revelations of her Gatekeeper study... a most gory affair where more than one poor soul might lose their head..Together with left-field opinion, global market news and latest views, direct from my dystopian bunker. In the Air, on the Ground, on the Street and around the corner of Debate. Watching, listening, in the Shadows and on your Airwaves. For Fund Selectors, distributors, wealth managers and investors.In association with my sponsor Allianz Global Investors (AGI) one of the world's leading active managers. My thanks to my guest Bella and Fundscape.. and you dear listener.Please LIKE, SHARE and SUBSCRIBE. Please leave a REVIEW and let me know what you think and what topics you would like for future episodes. Until then... stay safe and.. keep it left-field!!That's 20 episodes, 20 Guests, every 2 weeks... each episode is 25 minutes!Join the NFO Army Citizen, https://www.patreon.com/newfundorderLeft-field Finance.#newfundorderCredits;George Orwell 'Nineteen-Eighty Four', Public Domain 1.0.Audio clips: Public domain 1.0, 'Ivanhoe' (1952), directed by Richard Thorpe, produced by Pandro S. Berman for Metro Goldwyn-Mayer, based on the book (1819) 'Ivanhoe' by Sir Walter Scott.Sound effects by Soundbible.com. Creative Commons Attribution 3.0 and Public Domain 1.0.All additional Music used by Silvermansound.com Attribution 4.0 International (CC BY 4.0)Allianz Global Investors (AGI)Active is: Allianz Global Investors.Allianz Global Investors (AGI)Active is: Allianz Global Investors. Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the Show.