Market pricing for inflation is near multi-year highs, but with major differences across curves and regions. We discuss the implications and risks for investors of rising inflation expectations.
In our first episode of The Ardea Alternative podcast, Dr Laura Ryan is joined by Tamar Hamlyn and Alex Stanley to discuss the complex topic of inflation.
This first paper in a series of primers on interest rate markets and relative value outlines common types of trades implemented and risks faced by market participants,
Academics, practitioners, consultants and fund managers have come together to develop a new framework for designing default retirement plans.
Dr. Geoff Warren, Associate Professor at the ANU joins Dr. Laura Ryan to discuss his recent work in retirement modelling. In this episode, Dr. Warren shares how important modelling choices are when assessing the adequacy of the super guarantee (SG). Dr Warren also discusses imputation/franking credits and structuring CIPRs (Comprehensive Income Products for Retirement).
In December, the Australian Government sold negative yielding nominal debt for the first time. We discuss how the massive volume of central bank liquidity and prospects for a rebound in the global economy in 2021 are underpinning the large divergence between equities and bond yields.
Ardea uses statistical modelling in order to discuss whether government bonds still diversify equity risk.
In our first episode of the Ardea Quantitative Research Series, Ben Alexander, Co-Chief Investment Officer at Ardea Investment Management joins Dr. Laura Ryan as they share insights into the risk model used in the Ardea portfolio construction process.
Record low rates are leading some market participants to question whether all bond markets are experiencing “Japanification”. Will this backdrop spell the end to relative value trading opportunities?
Australia extends its yield curve to 2051. The issue received record interest from global investors and highlights the importance of yield curve shape and global relative value dynamics for investors.
We explain the mechanics of inflation protection and how to identify relative value opportunities.
In a market where every asset class seems to be at the mercy of volatility, investors are left wondering if there are any real safe havens anymore.
If used improperly, statistics and the graphical representation of those statistics can be misleading.