THE LONDON REVIEWTLR

Mentorship Programme

Cyrus Cheng

Junior Researcher

A student fascinated in discovering more about the complex and linked financial and economic world using numerical quantitive and research skill

Articles 2

  1. Student Spotlight

    When Diversification Results in Concentration: The Fake Sense of Security from Passive ETFs

    As global passive ETF assets under management approach $24 trillion, billions in savings are rushing into index-tracking fund for a sense of diversification, and the market structure is being changed dramatically. From the loss of active price discovery in market to creating the passive feedback loops for investor, the loss of active arbitrageurs in market is creating an enormous concentration risk for investors.

    Cyrus Cheng9 min read

  2. Student Spotlight

    The rising currency for the future - CBDC

    As 16% of global investable assets are expected to be tokenised in 2035, the question of what settlement asset to use for digital finance raise. From "atomic settlement" to challenging the status of SWIFT, Central Bank Digital Currencies（CBDCs）seems to be the most ideal currency for the future. If so then how should central banks of developed countries should change their policies to adopt this new landscape?

    Cyrus Cheng8 min read