by Nicolas Rabener | Jul 14, 2025 | Uncategorized
Hedged vs Unhedged International Equity Exposures Should you hedge foreign currency exposures? July 2025. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY USD-hedged products have outperformed significantly recently However, history shows plenty of periods...
by Nicolas Rabener | Jun 16, 2025 | Uncategorized
The Pitfalls of Portfolio Optimization Beware of the man selling high Sharpe portfolios June 2024. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Sharpe ratio-optimized multi-asset portfolios deteriorate significantly out-of-sample Targeting volatility...
by Nicolas Rabener | Apr 6, 2025 | Uncategorized
Combining Risk-Managed Equities and Managed Futures – II Do you need risk management for equities in a diversified portfolio? April 2025. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Risk managing equities increases Sharpe ratios, but can decrease...
by Nicolas Rabener | Feb 3, 2025 | Uncategorized
Complexity is the Enemy of Investing A case study of a poorly designed portfolio from the world´s largest asset manager February 2025. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Financial experts create complex portfolios to justify their fees However,...
by Nicolas Rabener | Jan 20, 2025 | Uncategorized
Equal versus Market Cap-Weighted Stock Market Indices And the winner is? January 2025. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Equal-weighted stocks outperformed market cap-weighted stocks in 8/10 decades They were also more volatile, but generated...
