Insights
Sharper Thinking. Real-World Execution.
Practitioner-led insights forged under live market constraints.
Grounded in live experience across FX, rates, credit, equity, and volatility.
CIO Briefs
Decision-Grade Notes for Investment Committees
These briefs focus on how hedging, derivatives, and risk structures actually behave under live portfolio constraints.
When Convexity Matters Most
Tail hedging only works if convexity can be turned into cash when it matters. Governance, timing, and discipline determine whether protection becomes liquidity – or theatre.
When Diversification Fails – How Convexity Becomes Liquidity
Diversification works until liquidity disappears. When markets break, outcomes depend on whether convexity is turned into cash before it decays.
Practitioner Papers
Deep Dives into Structural Performance
Long-form papers for investors who want to understand how derivatives, hedges, and funding structures behave across full market cycles.
They are written for investors who already understand the instruments – and want to understand why outcomes diverge.
Turning Convexity into Cash – The Discipline of Active Tail-Hedge Management
Convexity only matters if it is converted into liquidity. Most tail hedges “work” on paper and still fail portfolios because authority, triggers, and execution discipline collapse under stress.
Reframing the Insurance Investment Office
Most insurance investment offices don’t underperform because of markets. They underperform because governance, execution, and capital are misaligned.
The 3 Trillion Dollar Blindspot – Rethinking Superannuation’s Investment Function
Scale doesn’t guarantee efficiency. Without execution authority and capital awareness, it just hides underperformance.
Media & Speaking
Where Markets Meet Reality
Panels, interviews, and industry forums where institutional theory collides with execution reality.
Asia EQD 2024 – The Future of Multi-Asset Investment Strategies
Mike Duncan, Founder & Head of Advisory at Para Bellum Advisors, will speak at Asia EQD 2024, joining a distinguished panel to explore The Future of Multi-Asset Investment Strategies.
FOW Trading Singapore 2024
Mike Duncan, Founder & Head of Advisory at Para Bellum Advisors, will speak at FOW Trading Singapore 2024, joining fellow experts to unpack how institutional investors are navigating diversification and risk in an increasingly volatile macro landscape.
SRP Asia Pacific 2024
Mike Duncan joins the SRP Asia 2024 conference in Singapore as a featured panelist, sharing insights on macroeconomic forces and investment strategy for institutional portfolios. A deep dive into navigating uncertainty through structure and strategy.
Exploring Collateral Optimisation with The Hive
In this interview with The Finance Hive, Para Bellum Advisors founder Mike Duncan shares how institutions can unlock operational alpha by treating collateral management not as a cost centre, but as a performance lever.