Sovereign risk is reflected in returns on credit default swaps (CDS) ◦ in a factor analysis we find little influence of the usual fundamentals, instead we find that the single most important explanatory variable is simply an indicator of whether or not the economy is designated as an emerging market.
Products > Investment Strategy
An optimal investment strategy requires knowledge of inflation, business and credit cycles. Diversification strategies are a key success factor in a low yield environment and ask for a broader approach including a view on Asian markets and global inflation.
The investment committee oversaw SNB’s currency reserves, a CHF 250bn AuM multi-asset and -currency reserve portfolio at the time.
developed and implemented best practice models in Strategic Asset Allocation (SAA) for bonds, equities and currencies ◦ specialised on investment strategies based on the identification of long-term trends in inflation, credit and business cycles ◦ headed and worked in internal and international working groups on financial market topics
Advisory work and seminars for asset managers at central banks ◦ recognised speaker at investor conferences ◦ covering level, composition and framework of reserve management ◦ special focus on inflation linkers and Asian bonds
Research on the challengs of diversification before and after the financial cirsis.