Podcast: The Ardea IM Alternative – Government Bonds: The Hard End of ESG
Laura Ryan is joined by Alex Stanley and Tamar Hamlyn to discuss why ESG considerations for sovereign bond relative value strategies differ from other strategies.
Insights
What’s driving the bond rally?
Ardea IM takes a closer look at the drivers of the recent bond rally.
Podcast: The Ardea IM Alternative – Green Bonds
In this episode of The Ardea IM Alternative podcast, Alex Stanley is joined by Tamar Hamlyn and guest speaker Haran Siva, a Senior Advisor with the Climate Bonds Initiative. In recent years there has been significant growth in ESG related investments, this episode will focus on one specific example: green bonds.
Are interest rate markets pricing an inflation problem?
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.
Podcast: The Ardea IM Alternative – Inflation
In our first episode of The Ardea IM Alternative podcast, Laura Ryan is joined by Tamar Hamlyn and Alex Stanley to discuss the complex topic of inflation.
A Primer on Interest Rate Markets and Relative Value – Part 1: Yield Curve Opportunities and Risks
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,
Designing Default Retirement Plans
Academics, practitioners, consultants and fund managers have come together to develop a new framework for designing default retirement plans.
Podcast: Uncertainty in Retirement Modelling
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).
All I Want for Christmas is a Positive Yield
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.
Reflation
The consensus is sure that inflation will remain lower for longer. Most remain sceptical that central banks will succeed in their mission to push it higher.