Inflation and Insurers: How Inflation Resembles a Reinsurance Problem

Michael Ashton - 02/05/14

What Risk Parity Doesn't Mean

Michael Ashton - 01/02/14

Quarterly Inflation Outlook (Q4, 2013)

Michael Ashton - 11/25/13

Quarterly Inflation Outlook (Q3, 2013)

Michael Ashton - 08/25/13

Demand for Collateral and the BEI/ZC Spread

Michael Ashton - 08/09/13

June 2013 Market Update

Michael Ashton - 07/08/13

 

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Inflation and Insurers: How Inflation Resembles a Reinsurance Problem

by Michael Ashton on February 5, 2014

We have recently been getting a lot of traction in discussions with insurance companies – a client base on which we had never previously focused – because of a very simple truism we have been able to illustrate: inflation risks, in some important ways, resemble a reinsurance-type problem and submit to reinsurance-type solutions. Read more »

What Risk Parity Doesn't Mean

by Michael Ashton on January 2, 2014

"Risk-Parity" strategies are dangerous to the extent that they do not incorporate advanced understandings and methods about how asset classes interrelate. In particular, we know quite a bit about how TIPS and nominal interest rates behave with respect to one another...and it is not simply a "yield beta" story. Read more »

Quarterly Inflation Outlook (Q4, 2013)

by Michael Ashton on November 25, 2013

This quarterly report is intended to give our clients and select prospects an overview of the economic and financial conditions as they relate to the possibility for an acceleration or deceleration of inflation. This is the report for Q4 2013, published November 25, 2013. Read more »

Quarterly Inflation Outlook (Q3, 2013)

by Michael Ashton on November 25, 2013. Updated on August 25, 2013.

This quarterly report is intended to give our clients and select prospects an overview of the economic and financial conditions as they relate to the possibility for an acceleration or deceleration of inflation. This is the report for Q3 2013, published August 16, 2013. Read more »

Demand for Collateral and the BEI/ZC Spread

by Michael Ashton on August 9, 2013

A Dodd-Frank inspired increase in the demand for high-quality collateral might cause the inflation swaps - breakeven difference to narrow. Read more »

June 2013 Market Update

by Michael Ashton on July 8, 2013

Due to the extraordinary volatility in the financial markets in late June, we reached out to clients with this market update. Read more »