The Future of Investing
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40 years ago you could not buy a Currency Futures Contract
20 years ago Collateralized Debt Obligations did not exist.
2 years ago Subprime could be spoken about on Wall Street
serious panic. Economic data causes
Equities drop to zero.
Communication is global and extremely fast.
#2 Growing complexity
Individual investors are trading online.
#3 Disappearing Borders
Global Economic Output in 2000
Global Economic Output Today
Emerging markets have had a growth explosion.
Commodity markets are exploding.
#4 Greater Transparency
Better software can help investors visualise risk.
Harry Markowitz Modern Portfolio Theory
Banks are scared as they hold many custom over-the-counter assets.
Dont look to regulators
New financial products will be less arcane.
#5 Lack of Education
People think options are risky.
Managed futures are almost unknown.
CISDM CTA Index
Correlation is -0.08 to MSCI World
MSCI World Index
Individual investors will be capable of managing their own affairs.
Death of the Mutual Fund
Mindset is 70% of success.
Multi-Family Office Investment Strategies Research
Murray Priestley +852 8122 9446