PFA's Hamaguchi reveals smart-beta fears
The CIO at Japan's Pension Fund Association discloses his fears about over-reliance on standard deviation as a measure of risk at an AsianInvestor forum.

The chief investment officer at Japan’s Pension Fund Association, Daisuke Hamaguchi, warned about over-reliance on statistics at an AsianInvestor forum yesterday, rubbishing the practice of forecasting and taking a swipe at quantitative methodology and smart beta.
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