Inflation: Short-Term Aberration or Longer-Term Threat?
Inflation is likely to spike in coming months for reason's ranging from pent-up consumer demand to massive fiscal stimulus.
An early attempt to gauge lessons learnt from 2020
As always, we actively adapt our investment framework in response to changes in the environment. 2020 was no exception.
Agility in the Current Environment
PGIM Wadhwani's CIO, Dr. Sushil Wadhwani, shared his insights on current global economic conditions and investment challenges.
Changes in Beliefs, Crowding and Risk Premia Performance
Changes in beliefs — and the crowding that this may lead to — can sometimes exert a powerful effect on the efficacy of risk premia strategies.
Macro Factors & Risk-Premia-Based Strategy Performance
A number of alternative (risk-premia-based) strategies have performed poorly in the decade following the Great Financial Crisis (but pre-COVID).
The Great Stagnation: What Can Policymakers Do?
In this Peston Lecture from 2013, Dr. Sushil Wadhwani considers ways to make monetary policy more effective – avoiding the traps the BoJ fell into in Japan.
Might A Rise In Inflation Expectations Derail The Equity Market?
In this companion piece to the Peston Lecture, Sushil Wadhwani and Michael Dicks focus on the time-varying relationship between inflation and the stock market.
The Bond ‘Bubble,’ Hedge Funds and Portfolio Allocation
With interest rates so low, there must be a risk that the bond market is in "bubble" territory - and, indeed, that it might burst.