Author

Niels Jensen 64 posts 0 comments

Niels is a founding Partner of Absolute Return Partners LLP and its Chief Executive Partner. He is a graduate of University of Copenhagen with a Masters Degree in economics. He has 25 years of investment banking, private banking and asset management experience.

Markets

Asset allocation in a period of wealth mean reversion

Niels Jensen Nov 10, 2015

Mean Reversion of Wealth is one of the six structural mega-trends that we have identified. As is pretty obvious when looking at chart 2, wealth creation during the great bull market of 1981-2000 was quite extraordinary and, in our opinion,…

Markets

Jensen: How long bonds could actually outperform equities

Niels Jensen Oct 7, 2015

The equity markets that have fallen the least so far are the U.S. and the Japanese markets. If my prediction that we are looking into a more difficult period in the U.S. (and the euro zone), U.S. equities look particularly vulnerable, so…

Markets

A Return to Fundamentals?

Niels Jensen Jul 2, 2015

The Absolute Return Letter, July 2015 “In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” Mark Zuckerberg Greece on the brink A Greek, an Irishman and a Portuguese walk…

Markets

Are bond investors crying wolf?

Niels Jensen Jun 9, 2015

The abrupt spike in interest rates from mid-April to mid-May is very unlikely to be the beginning of something much bigger and much more likely to be the sort of occasional panic attack that Japan has seen so many of in recent years.

Markets

How to dress for a rainy day (of low nominal investing returns)

Niels Jensen May 13, 2015

A typical portfolio will almost certainly not deliver the required returns over the next decade. If ‘typical’ means a 60/40 approach, as already mentioned, then 2-4% annualised returns are what can realistically be expected. If ‘typical’…

Markets

The ‘Perfect Storm’

Niels Jensen Apr 10, 2015

Going forward, equity markets are likely to have a much bigger impact on the economy than has been the case in the past. This is a simple conclusion derived from the fact that total equity market value today is 1.2x GDP. 35 years ago, when…

Markets

Five Investing Themes That Need Further Examination

Niels Jensen Mar 9, 2015

Tiger 5 - Grexit is inevitable

Economy

The financial crisis end game

Niels Jensen Feb 4, 2015

It is quite possible that more than one end game will unfold in the months and years to come. For example, we could see a Greek Eurozone exit. Simultaneously, we could have a crisis unfolding across emerging markets, as the strong U.S.…

Markets

Pie in the Sky

Niels Jensen Jan 14, 2015

We are still in a post-crisis environment, and enough people are still negative on equities, and interest rates are low enough, to provide plenty of purchasing power. We therefore expect it to be an ok period for equities over the next year…

Markets

A Brave New World

Niels Jensen Dec 3, 2014

By Niels Jensen The Absolute Return Letter, December 2014 “The deepest sin against the human mind is to believe things without evidence.” Aldous Huxley In the the last two Absolute Return Letters I have argued why one should expect…