Submitted by Jérôme Malaise on Fri, 04/04/2014 - 11:01
Koris International is very pleased with Swell AM announcement on April 3rd, 2014 regarding the launch of Swell Enhanced Cash Dynamic Allocation with €40 million AuM, a French mutual fund solely dedicated to professional investors and advised by Koris International. The fund aims at beating the EURIBOR 3 Months Index + 100bps while limiting the maximum drawdown to 2% over a 12 month rolling horizon.
Submitted by Jérôme Malaise on Fri, 02/14/2014 - 11:45
On February 3rd 2014, Bank of America Merrill Lynch announced the launch of the Merrill Lynch Investment Solutions (MLIS) - Merrill Lynch Dynamic Capital Protection UCITS Fund, managed by Merrill Lynch International and advised by Koris International.
Submitted by Jérôme Malaise on Tue, 02/11/2014 - 14:31
Philippe Aurain (Deputy CEO and CIO of Fédéris GA) explains us the positioning of Fédéris GA (FGA), the asset management arm of the social welfare group Malakoff Médéric, and emphasizes on the firm's latest development. Indeed, he introduces the recently launched fixed income fund of funds, Pro Rendement Global, combining FGA's fund selection skills with Koris' dynamic risk budgeting techniques.
Submitted by Jérôme Malaise on Sun, 01/26/2014 - 12:17
Nicolas Duban (Chairman NExT AM), Olivier Ramé (Chairman Swell AM) and Jean-René Giraud (C.E.O. Koris International) exchange views on the evolution of the portfolio management industry in an environment of loose monetary policies. They especially underline the importance of tactical asset allocation under a dynamic risk control framework.
Submitted by Jérôme Malaise on Fri, 01/17/2014 - 10:51
In order to continue expanding its institutional product offering, Banque Bonhôte & Cie joins forces with Koris International to offer dynamic risk management solutions to Swiss pension funds and social security plans.
Submitted by Emilien Audeguil on Fri, 06/20/2014 - 14:35
Koris International recalls the latest advances of relative risk control in the Smart Beta universe, and argues that Dynamic Risk Budgeting techniques with properly defined floors can allow gaining access to their long run expected over performance while controlling for the potential underperformance to a level set ex-ante.
Submitted by Jérôme Malaise on Fri, 05/30/2014 - 11:06
In the research paper ‘Predictive Systems under Economic Constraints’, Maxime Bonelli and Daniel Mantilla Garcia propose a variation of a predictive system that incorporates the economically motivated assumption that equity expected returns are unlikely to be negative. They also present an application within a maximum drawdown control strategy showing the significant risk-adjusted performance improvements of using the system.
Submitted by Jérôme Malaise on Fri, 05/16/2014 - 12:52
European ETFs are said to be much less efficient than their US counterparts. Despite this fact, the MSCI Europe Index ETFs we have analyzed should allow the industry to keep the head up: close to nil tracking error and extremely low tracking differences with the index for most issuers.
Submitted by Jérôme Malaise on Tue, 03/18/2014 - 17:10
This article illustrates the potential benefits of the excess drawdown control strategy, recently introduced in Mantilla-Garcia (2013). It features a new and more flexible loss control strategy that allows using, for instance, a portfolio of High Yield bonds as performance driver and an Investment Grade portfolio as reserve asset, instead of cash.
Submitted by Jérôme Malaise on Mon, 03/10/2014 - 12:35
“Growth Optimal Portfolio Insurance for Long-Term Investors” has been accepted for publication in the Journal of Investment Management (JOIM). In this research paper, Koris’ head of R&D, Dr Mantilla-Garcia, determines the optimal varying multiplier of a portfolio insurance strategy in the general case with a stochastic reserve asset. The results obtained show that the strategy significantly outperforms the standard CPPI strategy in most scenarios over long horizons.
Submitted by Jérôme Malaise on Mon, 03/03/2014 - 15:08
(Erick Jarjat, Newsmanagers) The investment advisory firm Koris International started 2014 remarkably well with announcing several commercial agreements in France and abroad. In an interview to Newsmanagers, Jean-René Giraud, Koris' CEO, discusses the firm's history, strategy and forthcoming developments.
Submitted by Jérôme Malaise on Wed, 01/08/2014 - 18:10
Koris International, recognized expert in dynamic asset allocation techniques, and Instit Invest, first media exclusively dedicated to the institutional investors community, announce the signing of a cooperation agreement with regards to asset allocation issues faced by European pension funds, insurers and other professional investors.
Koris International's workshop presentation at EDHEC-Risk days in London, lead by Dr. Mantilla Garcia, head of R&D, on "developements of dynamic risk-controlled asset allocation strategies" included myths about Portfolio Insurance, the introduction of a Growth Optimal Portfolio Insurance strategy and generalizations of former portfolio insurance strategies.
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