For three decades, William Sharpe’s Arithmetic of Active Management, published in the Financial Analysts Journal in 1991, has been treated as near scripture for passive investing. ...
The topic of secondaries markets is a controversial one. On the one hand, secondaries are a vital source of liquidity for both limited partners (LPs) and general partners (GPs) in ...
Professional investors face a persistent challenge. Macro data describes where the economy has been, not where it’s going. Still, markets move ahead of the macro cycle. Understanding ...
A broad segment of the industry invests based on established factors such as value, momentum, and low-risk. In this post, we share the key results from our study of out-of-sample ...
When we talk about stock returns, most people assume that individual stocks should yield positive returns. That’s because the stock market has historically outperformed other asset ...
“Once a majority of players adopts a heretofore contrarian position, the minority view becomes the widely held perspective.” DAVID SWENSEN, late CIO of the Yale Investments ...
Global technology leaders including Alphabet, Amazon, Apple, Meta, and Microsoft are increasingly integrating artificial intelligence (AI) technologies into their product offerings. ...
The Canadian pension plan system has long been lauded for its robust returns and resilience, especially in the face of volatile markets. One key aspect contributing to this success ...
Pim van Vliet, PhD, is the author of High Returns from Low Risk: A Remarkable Stock Market Paradox with Jan de Koning. In the world of professional investing, a scary obsession ...
Multi-asset strategies are the supreme discipline in investment management. Managers of these strategies consider all asset classes worldwide as part of their investment universe. ...
Elite endowments with heavy allocations to alternative investments are underperforming, losing ground to simple index strategies. High costs, increased competition, and outdated ...
Asset owners have dramatically increased their allocations to private markets over the past two decades, driven largely by a mistaken belief that private debt and equity deliver ...
