Simon Doyle

CIO Profiles
James Marlay

In 2007, Simon Doyle found himself in a tricky situation, confronted by a room of agitated investors. The returns of his portfolio, whilst positive, had not kept up with the most popular hedge fund of the time. Just one year later that same group of investors welcomed him with back... Show More

Asset Allocation
Livewire Exclusive

With challenges for equity markets rising, even a defensively positioned balance fund, with just 45-50% equity exposure could struggle to deliver positive returns, warns Simon Doyle, Head of Fixed Income & Multi-Asset at Schroders, who emphasises that true flexibility in asset allocation will be critical ahead. In this exclusive, Simon... Show More

Schroders Australia

The idea that we have entered a “low return” world is now consensus. The arguments are based on a combination of fundamental macro factors (a low growth world) and extended structural valuations in equity and debt markets, suggesting significant return headwinds. Consistently achieving solid real returns in this environment will... Show More

Schroders Australia

While markets have in many cases recovered from their Brexit jitters, we are remaining cautious. There is still significant uncertainty surrounding the consequences and timeframe of the eventual exit of Britain from the EU. Likewise, we are skeptical of the sustainability of the recovery in risk assets which seems in... Show More

Schroders Australia

We have argued for some time that central bank policies – while perhaps necessary from a political and mandate perspective – have been a pervasive force in distorting both asset prices and risk. It is possible (indeed probable) that the limits of this distortion are being tested. That is arguably... Show More

Schroders Australia

Sometimes names can tell you all you need to know, but sometimes they can be misleading. Take global high yield debt – a.k.a. “junk bonds” or “sub-investment grade debt”, often maligned as being risky and often avoided in investor portfolios for this reason. Risk though is relative and while they... Show More

Schroders Australia

The first 3 months of 2016 were characterised by heightened volatility across asset markets with sharp falls in risk asset prices in January and early February which reversed in late February and March. Likewise, bond yields declined sharply as risk assets fell before stabilising / rising in conjunction with the... Show More

Schroders Australia

The New Year is typically celebrated with fireworks – the major cities all trying to outdo each other with both colour and impact. It was a seemingly similar start to 2016 for the major markets. Shares slumped across the globe, credit spreads widened, the oil price collapsed and bonds rallied... Show More

Schroders Australia

We enter 2016 faced with familiar challenges to 2015. While returns have been anaemic, increased volatility has not been sufficient to reset prospective returns to levels that would make us interested in deploying cash and taking more risk. In short, our return expectations for the major asset classes are not... Show More

Schroders Australia

A key differentiator this year when compared to 2013 and 2014 has been the growing bifurcation between the winning and losing assets. While 2013 could be broadly categorised as a year where most assets did well, 2014 was somewhat more discriminating but on balance a good year for most investors.... Show More

Schroders Australia

The last 3 months have been a rollercoaster ride. Anyone who’d slept through this period would be forgiven for thinking “what was all the fuss about”? Having seen markets rebound (US equities in particular) we have again cut our risk position, this time through buying protection against renewed volatility in... Show More