Brooklyn Bridge

White papers

Each year our experts publish white papers articulating our views on the issues shaping investment thinking. For more information, please write to ipcontacts@bnpparibas.com.

FOR PROFESSIONAL INVESTORS ONLY

White Papers published (in English only) in 2016 / 2015 / 2014 / 2013 / 2012 / 2011 / 2009

The case for listed real estate in a multi-asset portfolio
Date: May 2016
Authors: Xiao Lu, Raul Leote de Carvalho, Majdouline Zakaria, Shaun Stevens, Jan Willem Vis

Uncloacking cape: a new look at an old valuation ratio
Date: March 2016
Authors: Thomas Philips, Cenk Ural

Choices to address foreign currency exposure
Date : March 2016
Authors : Momtchil Pojarliev

The Equities Debate
Date : January 2016
Authors : Guy Davies, Simon Roberts, Raul Leote de Carvalho, Jacky Prudhomme, Guido Stucchi

Evolving forms of Smart Beta, from indexation to factor investing
Date : August 2015
Authors : Raul Leote de Carvalho

Going Mainstream with ESG
Date: July 2015
Authors: Edwin Simon, Dirk Molenaar

Decomposing Funding Ratio Risk
Date: May 2015
Authors: Raul Leote de Carvalho, Erik Kroon, Anton Wouters

The Theory of Low Volatility Investing
Date : April 2015
Authors :Thomas Heckel, Raul Leote de Carvalho

Portfolio Insurance with Adaptive Protection
Date : May 2015
Authors : François Soupé, Thomas Heckel, Raul Leote de Carvalho

A Discretionary Approach to Currency Investing
Date : April 2015
Authors : Adnan Akant

Low-risk anomaly everywhere : Evidence from equity sectors
Date : October 2014
Authors : Raul Leote de Carvalho, Majdouline Zakaria, Xiao Lu, Pierre Moulin

Corporate Credit Limits For Fixed Income Portfolios
Date : October 2014
Authors : Miikka Tauren, Thomas Philips

Forecasting U.S. Bond Returns: A Practitioner’s Perspective
Date : April 2014
Authors : Georges Mylkinov

Low-Risk Anomalies in Global Fixed Income
Date : Spring 2014
Authors : Raul Leote de Carvalho, Patrick Dugnolle, Xiao Lu, Pierre Moulin

Dynamic Liability-Driven Investing Strategy: The emergence of a new paradigm for pension funds ?
Date : February 2014
Authors : Saad Badaoui, Romain Deguest, Lionel Martellini, Vincent Milhau

Smotthing your dide: how managing risk can lead to higher returns
Date : January 2014
Authors : Raul Leote de Carvalho, Romain Perchet

Emerging Market Equities: Does Faster Growth Translate into Higher Returns ?
Date : June 2013
Authors : Raul Leote de Carvalho, Claire Méhu, Chris Jeffrey, Joost van Leenders

Multi Alpha Equity Portfolios
Date : May 2013
Authors : Pierre Moulin, Xiao Lu, Raul Leote de Carvalho

Hedging versus Insurance: Long-Horizon Investing with Short-Term Constraints
Date : February 2013
Authors : Romain Deguest, Lionel Martellini, Vincent Milhau

Determining a Strategic Asset Allocation in a Solvency II framework
Date : November 2012
Authors : Pierre Moulin, Thomas Heckel, Anne Poirrier-Hamon, Anton Wouters, Zine Amghar, Sophie Debehogne

Towards Second Generation Equity Risk-Based Strategies
Date : October 2012
Authors : Pierre Moulin, Raul Leote de Carvalho, Xiao Lu

Demystifying Equity Risk-Based Strategies: a simple Alpha plus Beta description
Date : March 2012
Authors : Pierre Moulin, Raul Leote de Carvalho, Xiao Lu

Dynamic Investment Strategies for Corporate Pension Funds in the Presence of Sponsor Risk
Date : February 2012
Authors : Lionel Martellini, Vincent Milhau, Andrea Tarelli

Simple and Robust Risk Budgeting with Expected Shortfall
Date : October 2011
Authors : Thomas Phillips, Michael Liu

An Integrated Approach to Asset-Liability Management: Capital Structure Choices, Pension Fund Allocation Decisions and the Rational Pricing of Liability Streams
Date : June 2011
Authors : PLionel Martellini, Vincent Milhau

Explicit coupling of informative prior and likelihood functions in a Bayesian multivariate framework and application to a new non-orthogonal formulation of the Black-Litterman model
Date : January 2011
Authors : Raul Leote de Carvalho, François Ogliaro, Robet K Rice, Stewart Becker

Measuring the Benefits of Dynamic Asset Allocation Strategies in the Presence of Liability Constraints
Date : March 2009
Authors : Lionel Martellini, Vincent Milhau