Who wants to be a millionaire?

And we’re back in Bangkok after the coffee break, with two exciting rounds of Who wants to be a Millionaire? Our contestants put up a great fight in the two rounds, but in the end Michael Gordon and Adeline Ng (although she tried very hard not to) won top marks for their performance, and not to forget a million dollars!

All of us now know everything about the Comptoir National d’Escompte de Paris, the first Dim Sum bond and the Herfindahl–Hirschman index.

In any case, the top prize for the audience is up for grabs tonight during our Treasure hunt dinner. Watch this space…

Investment Academy: global value in equities

Since its launch in 2010 the BNP Paribas Investment Partners’ Investment Academy has made strong inroads across the region. Launched initially in Hong Kong, the Academy sessions have now drawn over 500 clients across Asia, including Taiwan, Singapore, Malaysia and Japan. During this special event session of the Academy Michael Gordon, Alex Ng and Andrew King discussed the opportunities that still exist in equities, even though it may not look like the obvious asset class to invest in today.

Michael Gordon explained: “What people tend to forget is that companies went into the crisis less indebted than governments and consumers. As a result, they were properly prepared – and what we can see now is that companies are well capitalised and show low default rates as a result.” He continued: “Don’t give up on the concept of equities because you just hit a bad patch. Look beyond the market and the tickers, focus on the quality of businesses behind it.”

Andrew King added: “Given the global business model of many companies, European equities are not that much about Europe at all – they are global companies. In addition, if you look at the evidence, economic growth forecasts are a lousy indicator of equity market performance. Also, the correlation between company growth and sector growth is low, and falling. So in the end, it’s all about stock selection.”

To learn more about the Investment Academy, please click here.

Good morning Bangkok…

…and welcome to the kick off of the Asia-Pacific Investor conference 2012! Yesterday evening we enjoyed a fantastic rooftop dinner at the Sofitel So, overlooking Lumpini Park. Today we’ll be kicking off in style, with our special guest speaker Stefano Canali discussing with you on how to stay fashionable in the Asian market space. During the day we’ll be providing you with further updates from Bangkok. Stay tuned!

A quantum leap for risk management

BNP Paribas Investment Partners’ Global Balanced Solutions team has always had a disciplined approach with strict risk budgeting for trades, while using an integrated risk and portfolio management system. This has enabled the team to attribute risk to an alpha source and dissect it into individual strategies or instruments. Now, Emiel van den Heiligenberg explains, they can also attribute risk to risk factors. This is a big enhancement as it allows the team to better align the portfolio with its main macro scenario, while aiming to limit unintended risks. Continue reading