Dutch cooperative offers alternative to Luxembourg fund toolbox
New evergreen fund for Dutch private clients launched as cooperative, not as RAIF or Eltif.
Wealth management clients are satisfied but seek specialization
Wealth managers enjoy exceptionally high levels of client satisfaction worldwide, yet nearly one-third of those clients are considering switching providers in the coming years. More specialized service providers are emerging as the preferred alternative.
For Nassim Taleb, averages are utterly meaningless
Nassim Taleb explains why averages, correlations, and diversification fail investors—and why modern portfolio theory dangerously misrepresents real financial risk.
ING to offer Eltifs to Dutch, Belgian clients by year-end
ING plans to begin offering one or more Eltif funds for private banking clients in the Netherlands and Belgium before the end of 2025.
For Nassim Taleb, averages are completely irrelevant
In the world of finance, averages are useless. Concepts like extrapolation, correlation, and diversification do little more than invite disaster—or, at the very least, significantly lower returns than are otherwise achievable. “Modern portfolio theory is bullshit,” declared Nassim Taleb, the legendary author of The Black Swan.
‘US trade deficit is a mathematical problem, not a political one’
High US import tariffs are meant to help reduce the budget deficits of the United States. “Whoever the next two or three presidents may be, they will face exactly the same problem: the country must find a way to reduce its deficits. Because they are unsustainable.”
When gold runs out
At the current rate of production, known gold reserves will be exhausted in roughly twenty years. Finding new sources will only become more expensive, but in the meantime, mining company stocks are performing exceptionally well. The gold miners index on Wall Street gained more than 40 percent over the past twelve months.
Asset managers launch uniform calculation for avoided emissions
Sustainability experts have reached an agreement on an objective approach for calculating avoided CO₂ emissions. On Thursday, a dozen asset managers introduced a harmonized, open methodology that allows for meaningful comparisons of economic activities and investments in this area. Until now, parties were able to use vastly different reference scenarios in such calculations.
‘Scale will also be decisive in quant investing’
While some players are abandoning quant investing, others are expanding their positions in this domain. Scale is becoming increasingly important in quant investing, says Weili Zhou, Deputy CIO and Head of Quant Investing at Robeco, home to the largest quant team in the Netherlands.
German elections: potential boost for the EU bond market
The market for joint EU bonds is likely to grow significantly in the coming years. In any case, the likelihood of this has increased considerably following the outcome of Sunday’s German parliamentary elections. This is according to financial analysts, asset managers and institutional investors.