Short papers covering a broad range of issues related to asset management, meant to have a decent shelf life
Many of the portfolios that we have seen in the last two years (not managed by Baffin), had an excessive concentration of domestic assets: stocks, bonds, real estate, etc. The tendency to overinvest in local assets is known as “home bias” and it is still a puzzle in the academic world. Assuming that the investors read more
The beginning of the year renders itself for rethinking medium-term issues, especially risks. As the ‘Market Views’ section of this site shows, we at Baffin Advisors revisit our views about the global economy and markets constantly. However, we used the beginning of the year to send a letter to our clients with an extensive review read more
The independence and incentives of an asset manager are key factors towards efficient and productive portfolios (from the clients’ point of view). The asset manager’s compensation rule is maybe the most important component of his incentive structure, and as such it has to be analyzed and designed rigorously. Transparency is a core value at Baffin read more
In November 2008 we sent a Newsletter that then morphed into our Blog of Baffin Views. Though that first newsletter was written during the financial crisis, it contained some of the main views we have had about the post-crisis world. That newsletter had a few different articles. The first one was about the policy noise read more
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