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    The Nordisk Connection: The Scandi-fication of Finance

    en-gbAugust 08, 2021
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    About this Episode

    Welcome to the New Fund Order. An Orwellian journey into the Darkside, the Frontier and the Fringe of Finance.

    Ny fondordre
    Episode #15

    The water ripples as the air chirps to the sound of bicycles. It could only be Copenhagen! I sit down and discuss what makes fund selection different in Denmark and the wider Scandi-fication of wealth management across Europe and beyond. We tackle ESG, diversity, quantification and the introduction of ETF products. A fascinating and insightful discussion, framed by the unexpected Russian tones of Leon Trotsky, during his stay in Copenhagen, on the future of Europe and balance of global power. 

    With Anders Bertramsen, Head of External Products NAM

    "I have the privilege of managing a small group of highly skilled investment professionals based in both Copenhagen and Stockholm." Previously Anders was with Handelsbanken, Lærernes Pension, Kirstein Finansrådgivning.  Currently with Nordea Asset Management (NAM), part of the Nordea Group, the largest financial services group in the Nordic region.

    'In Defence Of October'

    A speech delivered in Copenhagen, Denmark in November 1932
    Leon Trotsky: In Defence Of October (1932) 

    His views will surprise many. See the film on YouTube here: https://youtu.be/WiK_8YD6ob8

    "In 1935 Trotsky was compelled to move to Norway, and in 1936, under Soviet pressure, he was forced to seek asylum in Mexico, where he settled at Coyoacán. He was represented as the principal conspirator, in absentia, in the treason trials of former communist opposition leaders held in Moscow (1936–38). The evidence of treasonable plotting, however, was later proved to be fictitious. Leon Trotsky - Exile and assassination | Britannica

    Together with left-field opinion, global market news and latest views, direct from my dystopian bunker. In association with my sponsor Allianz Global Investors (AGI) one of the world's leading active managers. My thanks to my guest Anders.. and you dear listener.

    Please LIKE, SHARE and SUBSCRIBE. Please leave a REVIEW and let me know what you think and what topics you would like for future episodes. Until then... stay safe and.. keep it left-field!!

    That's 20 episodes, 20 Guests, every 2 weeks... each episode is 25 minutes!

    Join the NFO Army Citizen, https://www.patreon.com/newfundorder

    Left-field Finance.
    #newfundorder

    Credits

    Market News from the Financial Services Club. Go to https://fsclub.zyen.com/

    George Orwell 'Nineteen-Eighty Four', Public Domain 1.0.
    Audio clips: Public domain 1.0. Archive.org. Youtube.com. Additional Sound effects by Soundbible.com. Creative Commons Attribution 3.0 and Public Domain 1.0. All a

    Allianz Global Investors (AGI)
    Active is: Allianz Global Investors.

    Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.

    Support the show

    Recent Episodes from The New Fund Order

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    Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.

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    Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.

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    COP 26 Presidency programme:

    Nordea Asset Management (UK)
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    Global Ethical Finance Initiative 'GEFI'
    Scottish based NGO focussed on Ethica

    Nordea Asset Management (UK)
    Leading Nordic Asset Manager

    Global Ethical Finance Initiative 'GEFI'
    Scottish based NGO driving ethical finance for change

    Produced by New Fund Order


    Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.

    Support the show
    The New Fund Order
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    Fight Club Round 1 - Active versus Passive Investing

    Fight Club Round 1 - Active versus Passive Investing

    Welcome to Fight Club! For Season Two of the NFO podcast, step beneath the surface to debate the difficult issues facing asset management. Time to take this underground!

    Each round is a panel debate of two teams, one captain per team plus 2 team members. 
     
    Active versus Passive 🥊 💥 Round 1

    Active captain Simon Evan-Cook will be joined by Lucy Walker, CFA and Ben Conway 💥
    Passive captain Mark Northway will be joined by Robin Powell and Larry Swedroe 👊

    Equal time allocated, rapid debate. Each team will be allocated circa 25 minutes total time, monitored by JB. When each team is talking then time will automatically count down. If the team runs out of time then the remaining time is handed to the opposing team.

    Audience: Fund selectors, family offices, multi-managers, advisers, allocators, gatekeepers and distributors. We appreciate that there is already a high volume of podcasts and that fund selectors are heavily marketed to, however we believe that within this niche there is little competition and significant demand for content of this type. Given this gap I believe that it is the time to use the format of a podcast to bring together the community to discuss hot topics that are all too often led by partisan echo chambers and only discussed in opposing vacuums!

    1) Can anyone truly be a passive investor? Aren’t we all different shades of active? Few buy a naive portfolio, whether it is market cap, factor investing, systematic strategies, SmartBETA?

    2) Have we reached or will we reach “peak passive”? Did passive just get lucky with Big Tech or is the success of index investing just common sense?

    3) Thinking the behavioural biases at play, is the concentration of assets around Star Managers the best argument for Active or Passive?

    Fighter Bios

    Captain Team Passive: Mark Northway, investment manager at Sparrows Capital, NED and consultant.

    Larry Swedroe, Principal and Director of Research at Buckingham Family of Financial Services.

    Robin Powell, Journalist, investor advocate, financial educator & content consultant. Head of client education at RockWealth, Editor for 'The Evidence Based Investor' blog, Executive Director of Regis Media and Ember Television.

    Captain Team Active: Simon Evan-Cook, Manager of Multi-Asset, Multi-Manager Funds & Citywire Columnist. Blogs at nevermindthesilverbullets.com. Fund Manager, Downing Fund Managers.

    Lucy Walker, Giving fund research teams the tools they need to succeed | Founder at AM Insights | Deputy Chair at Aurora | NED at HINT | Co-CEO at Changing Digital.

    Ben Conway, Head of Fund Management at Hawksmoor Investment Management.

    Teaser trailer 📺 here: https://youtu.be/riH7fopTN-U

    Credits: Session recorded in Microsoft Teams. Sound effects by Zapsplatt.com. Images by Pixabay.com. Creative Commons Attribution 3.0 and Public Domain 1.0. Photography by JB Moments Photography. Music: Chaise De l'Obscurité by S

    Produced by New Fund Order


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    Season Finale: Into the Mind with Nuala Walsh

    Season Finale: Into the Mind with Nuala Walsh

    Welcome to the Darkside of Fund Management and Research... the New Fund Order.

    Episode 20: Into the Mind


    The sky arcs obsidian, as thunderous clouds roll in and heavy rain pours down. We are forced to open an iron door and take refuge inside an old hospital only to be greeted by the wails of its patients within. What dark horrors await us in this place?

    Step into our asylum of cognitive discourse to explore the dark corners of the mind of the fund selector. Everything from cognitive bias to heuristics, star mangers, monsters and criminality. We walk down the chilling corridors, with Mind Equity's Nuala Walsh, as we ask the taboo, the frightening and the controversial. This season finale then offers the culmination of a series of behavioural episodes in Season 1. We ask;

    Are Monsters and Villains the psychological flip side of star manager culture and ideology?
    How can overweighting IQ over EQ hurt outcomes, our desire to be cleverer then the next person?
    What does it mean to observe irrationality?
    How can understanding the peak-end rule help in decision making?
    Should selectors be more like FBI agents when researching fund managers or attending a blow up?

    About Nuala: A global strategic adviser, Non-Executive Director, behavioural scientist, and award-winning marketeer, with decades of experience in asset management, investment banking, and consulting.

    Founder of MindEquity -  a business, brand, and behavioural science consultancy.

    Founder and Director of the world's first Global Association of Applied Behavioural Scientists.

    Various Board / Advisory Appointments:
    - Investments (TSLombard; JD Haspel; Chartered Institute of Securities & Investments);
    - Sport (The Football Association; World Athletics);
    - Non-profits (UNWomen UK).

    Former Chief Marketing Officer at FTSE-50 plc, Standard Life Aberdeen with a track record of growth, modernization, and globalization at Merrill Lynch, Blackrock, and Standard Life Investments.  Also led sponsorships in golf, rugby, tennis, motor racing eg. Ryder Cup; British & Irish Lions; Goodwood and ATP Champions Tour.

    Named among Top 100 Most Influential Women in Finance; and the 50 Most Innovative CMOs. 

    Holds a Masters in Behavioural Science; Masters in Business Studies; BA in Philosophy.  Studied Forensic Psychology. 

    Published and cited in various publications - Harvard Business Review, Economist, Telegraph, Fox Business News.

    A keynote speaker, coach, and visiting lecturer in multiple universities.

    Go to: MindEquity: Overview | LinkedIn

    Credits

    George Orwell 'Nineteen-Eighty Four', Public Domain 1.0.
    Audio clips: Public domain 1.0. Archive.org. Youtube.com. Additional Sound effects by Soundbible.com. Creative Commons Attribution 3.0 and Public Domain 1.0. All additional Music used by Silvermansound.com. Music: The Visitor by Shane Ivers - https://www.silvermansound.com, Attribution 4.0 International (CC BY 4.0)

    Allianz Global Investors (AGI)
    Active is: Allianz Global Investors.

    Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.

    Support the show
    The New Fund Order
    en-gbOctober 17, 2021

    Talk About Black: Diversity in Selection (with Justin Onuekwusi)

    Talk About Black: Diversity in Selection (with Justin Onuekwusi)

    Welcome to the New Fund Order. An Orwellian journey into the Darkside, the Frontier and the Fringe of Finance.

    In our ever ending journey to tackle the tough topics in our industry, I talk to Justin Onuekwusi about his ‘I am’ campaign and ‘Talk about Black’.

    We discuss why there is a lack of diversity, why there is not enough black representation in finance and asset management… and indeed fund selection. What are the industry biases, what are the structural barriers to progression, are monikers like ‘BAME’ helpful, what can fund selectors do to become allies?

    Together with left-field opinion, global market news and latest views, direct from my dystopian bunker. In association with my sponsor Allianz Global Investors (AGI) one of the world's leading active managers.

    Please LIKE, SHARE and SUBSCRIBE. Please leave a REVIEW and let me know what you think and what topics you would like for future episodes. Until then... stay safe and.. keep it left-field!!

    That's 20 episodes, 20 Guests, every 2 weeks...

    Join the NFO Army Citizen, https://www.patreon.com/newfundorder

    Left-field Finance.
    #newfundorder

    Credits: Archive.org. Jessie Jackson, address to the Democratic National Convention. Public Domain 1.0 https://ia803402.us.archive.org/6/ite...
    Music: Liturgy Of The Street by Shane Ivers - https://www.silvermansound.com
    Pictures and videos: Pixabay.Cos, Getty images, Reuters




    Allianz Global Investors (AGI)
    Active is: Allianz Global Investors.

    Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.

    Support the show

    The Sironi Files: The Anthropology of Selection & Financial Market Transparency

    The Sironi Files: The Anthropology of Selection & Financial Market Transparency

    Welcome to the New Fund Order. An Orwellian journey into the Darkside, the Frontier and the Fringe of Finance.

    We open The Sironi Files with Fintech supreme Paolo Sironi on his seminal work on Financial Market Transparency (‘FMT’), anthropology, gamification and data platforms and how these are changing asset management and fund selection from the outside in, and inside-out.

    In this intrigue rich episode is it mission impossible or mystery to be solved? Why is uncertainty and complexity the new normal? We pick up the phone ☎️  and make the call. Will it be answered?

    About Paolo Sironi: “Paolo is the Global Research Leader in Banking and Financial Markets at IBM, Institute for Business Value. He is senior advisor for selected global accounts, assisting service teams in Board-level and C-level conversations about business model adaptation in platform economies. Paolo founded the German start-up Capitects, then acquired by IBM, and directed the quantitative risk management department of Banca Intesa Sanpaolo. He is one of the most respected Fintech voices worldwide and co-hosts the European edition of Breaking Banks podcast. He is celebrated book author on digital transformation, quantitative finance and economics, and keynote  speaker at major international events.”

    Go to:
    https://www.thepsironi.com/
    Podcast: https://www.thepsironi.com/podcast
    Check out Paolo’s books: https://www.thepsironi.com/books
    Amazon book store: https://www.amazon.co.uk/Paolo-Sironi/e/B00TLMSSA2?tag=relinks-21
    ‘Banks and Fintech on Platform Economies’ SOON - OCTOBER 2021 

    Together with left-field opinion, global market news and latest views, direct from my dystopian bunker. In the Air, on the Ground, on the Street and around the corner of Debate. Watching, listening, in the Shadows and on your Airwaves. For Fund Selectors, distributors, wealth managers and investors.

    In association with my sponsor Allianz Global Investors (AGI) one of the world's leading active managers. My thanks to my guest Paolo Sironi.. and you dear listener.

    Please LIKE, SHARE and SUBSCRIBE. Please leave a REVIEW and let me know what you think and what topics you would like for future episodes. Until then... stay safe and.. keep it left-field!!

    That's 20 episodes, 20 Guests, every 2 weeks... each episode is 25 minutes!

    Join the NFO Army Citizen, https://www.patreon.com/newfundorder

    Left-field Finance.
    #newfundorder

    Credits;

    George Orwell 'Nineteen-Eighty Four', Public Domain 1.0.

    Sound effects by Soundbible.com. Creative Commons Attribution 3.0 and Public Domain 1.0.
    All additional Music used by Silvermansound.com Attribution 4.0 International (CC BY 4.0). Music: Codename Dougwood by Shane Ivers -

    Allianz Global Investors (AGI)
    Active is: Allianz Global Investors.

    Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.

    Support the show

    Crowd Chaser: When Fund Selection Faced a Pandemic

    Crowd Chaser: When Fund Selection Faced a Pandemic

    Welcome to the New Fund Order. An Orwellian journey into the Darkside, the Frontier and the Fringe of Finance.

    We speak with SharingAlpha.com co-founder Oren Kaplan on creating his innovative global platform, the wisdom of the crowd, building community and insights against the backdrop of a global pandemic. In a more distanced world, is SharingAlpha.com the real ‘new normal’?

    "SharingAlpha went live in April 2016 and has already become the world's largest community of professional fund buyers.

    Mission

    • Sharing Insight on the Many not the Few
    • No single research team can cover the wide range of funds available and thus typically focusing their efforts on a very limited number of funds, those with excellent track record have become blockbuster or 'mega funds'. Consequently, over 95% of the funds lack independent qualitative analysis and don't receive significant flows.
    • Using the power of the internet we are able to scale and offer forward-looking ratings on funds, from our community of professional fund investors, to share insight, to share alpha.
    • Recognising top fund allocators"

    Check out more at: SharingAlpha.com

    Together with left-field opinion, global market news and latest views, direct from my dystopian bunker. In association with my sponsor Allianz Global Investors (AGI) one of the world's leading active managers. My thanks to my guest Oren.. and you dear listener.

    Please LIKE, SHARE and SUBSCRIBE. Please leave a REVIEW and let me know what you think and what topics you would like for future episodes. Until then... stay safe and.. keep it left-field!!

    That's 20 episodes, 20 Guests, every 2 weeks... each episode is 25 minutes!

    Join the NFO Army Citizen, https://www.patreon.com/newfundorder

    Left-field Finance.
    #newfundorder

    Credits

    George Orwell 'Nineteen-Eighty Four', Public Domain 1.0.
    Additional Sound effects by Soundbible.com and Zapsplat.com. Creative Commons Attribution 3.0 and Public Domain 1.0. All additional Music used by Silvermansound.com Attribution 4.0 International (CC BY 4.0)

    Clip: Taken by audience at World Economic Forum (unattributed) in Davos of Yuval Noah Harari. '  Davos Switzerland 2020: Yuval Noah Harari  Warns “ Rise of Human Enslavement by Corporations and Governments.
    “If you have data you don’t have to send soldiers “ Yuval Harari said

    He is a free thinker and Nobel Prize wining philosopher.
    Link to full interview at Davos 2020
    Business and World Economic Forum
    https://youtu.be/gG6WnMb9Fho

    Davos 2020: Yuval Noah Harari “ Rise of Digital Dictatorships by Corporations and Governments” https://youtu.be/Jguf2RK8e7w


    © SharingAlpha logo courtesy of SharingAlpha. Copyright 2021 SharingAlpha. All rights reserved. Music: Samovar Party by Shane Ivers - https://www.silvermansound.com

    Allianz Global Investors (AGI)
    Active is: Allianz Global Investors.

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    The Big W: Bets, Lies and Variable Tips (Debate)

    The Big W: Bets, Lies and Variable Tips (Debate)

    Welcome to the New Fund Order. An Orwellian journey into the Darkside, the Frontier and the Fringe of Finance.

    Our first New Fund Order debate, about 'that manager'...

    We debate the ins and outs, the ups and downs of that 'Oracle of Oxford' and the whole sad and sorry affair which rocked fund allocators, distributors and the divinity of the star manager.

    Helping guide us through the detail are the two prominent writers David Ricketts of 'When the Fund Stops' and Owen Walker 'Built on a Lie'.

    When the Fund Stops by David Ricketts | Harriman House (harriman-house.com)
    Built on a Lie (penguin.co.uk)

    Check out the trailer here: https://youtu.be/M9nhgC64rCI

    We explore the collective culpability by the; regulator, the regulations, authorised corporate directors, depositaries, buy list providers, pension schemes, media, even the fund structure and all who had a hand in the rise and fall of the UK's most famous fund manager.

    We explore whether there was  a duality of culture, was/is there an inherent flaw in the open-ended fund model? Is the desire to build book ultimately a recipe to create "supertanker funds" and undermine outcomes for investors, how can we stop the worst of investor herding out of funds? Do fund allocators get too close to their fund managers? Was there simply a lack of due diligence by fund allocators? Was it a tale of misogyny, risk raking, and greed? Was there too much hubris? What did the manager get right, what wrong? What could allocators do better? How do we inflect, reflect and reconcile?

    Will selectors make the same mistake again? Probably. What lessons can we learn? Hopefully a few...

    Credits;

    Additional Sound effects by Soundbible.com. Creative Commons Attribution 3.0 and Public Domain 1.0. All additional Music used by Silvermansound.com Attribution 4.0 International (CC BY 4.0). 

    Music: Mystery Unsolved by Shane Ivers - https://www.silvermansound.com


    Allianz Global Investors (AGI)
    Active is: Allianz Global Investors.

    Support the show (https://www.patreon.com/newfundorder)

    Allianz Global Investors (AGI)
    Active is: Allianz Global Investors.

    Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.

    Support the show

    The Nordisk Connection: The Scandi-fication of Finance

    The Nordisk Connection: The Scandi-fication of Finance

    Welcome to the New Fund Order. An Orwellian journey into the Darkside, the Frontier and the Fringe of Finance.

    Ny fondordre
    Episode #15

    The water ripples as the air chirps to the sound of bicycles. It could only be Copenhagen! I sit down and discuss what makes fund selection different in Denmark and the wider Scandi-fication of wealth management across Europe and beyond. We tackle ESG, diversity, quantification and the introduction of ETF products. A fascinating and insightful discussion, framed by the unexpected Russian tones of Leon Trotsky, during his stay in Copenhagen, on the future of Europe and balance of global power. 

    With Anders Bertramsen, Head of External Products NAM

    "I have the privilege of managing a small group of highly skilled investment professionals based in both Copenhagen and Stockholm." Previously Anders was with Handelsbanken, Lærernes Pension, Kirstein Finansrådgivning.  Currently with Nordea Asset Management (NAM), part of the Nordea Group, the largest financial services group in the Nordic region.

    'In Defence Of October'

    A speech delivered in Copenhagen, Denmark in November 1932
    Leon Trotsky: In Defence Of October (1932) 

    His views will surprise many. See the film on YouTube here: https://youtu.be/WiK_8YD6ob8

    "In 1935 Trotsky was compelled to move to Norway, and in 1936, under Soviet pressure, he was forced to seek asylum in Mexico, where he settled at Coyoacán. He was represented as the principal conspirator, in absentia, in the treason trials of former communist opposition leaders held in Moscow (1936–38). The evidence of treasonable plotting, however, was later proved to be fictitious. Leon Trotsky - Exile and assassination | Britannica

    Together with left-field opinion, global market news and latest views, direct from my dystopian bunker. In association with my sponsor Allianz Global Investors (AGI) one of the world's leading active managers. My thanks to my guest Anders.. and you dear listener.

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