Institutional investing often elicits images of ivy-clad walls, multi-billion-dollar endowments, and investment committees comprised of professionals from the largest and most ...
Over the past two decades, investors have poured capital into private assets, drawn by the promise of higher returns than public markets. But as Ludovic Phalippou highlights in “The ...
In today’s data-driven investment environment, the quality, availability, and specificity of data can make or break a strategy. Yet investment professionals routinely face ...
Inflation expectations are skyrocketing. The University of Michigan Survey of Consumers shows that median forecasts jumped to 6.5% in April from 3.3% in January, and professional ...
This article is derived from a recent speech by Bo Sun to CFA Society China and is translated and adapted by Zhang Ke, CFA, Zhang Xiao, CFA, and Li Na, CFA. The reform of ...
In Pursuit of the Perfect Portfolio: The Stories, Voices, and Key Insights of the Pioneers Who Shaped the Way We Invest. 2021. Andrew W. Lo and Stephen R. Foerster. Princeton ...
What’s most surprising about aggregated private market performance calculations? The widespread “tolerance” of mathematical errors, gross inaccuracy, and representativeness among ...
For more insights on the equity risk premium from Rob Arnott, Cliff Asness, Mary Ida Compton, Elroy Dimson, William N. Goetzmann, Roger G. Ibbotson, Antti Ilmanen, Martin Leibowitz, ...
“One of the most vexing problems in investment management is that diversification seems to disappear when investors need it the most.” — Sébastien Page , CFA, and Robert A. ...
Public perception of gender equality issues runs in a repetitive cycle. We’ve all seen it. A scandal breaks out, or a study discovers yet another damaging disparity. Think pieces are ...
In the history of every great catastrophe, you will find some masterly bit of stupidity set fire to the oil-soaked rags. —EDWIN LEFEVRE, author of Reminiscences of a Stock ...
Effective environmental, social, and governance (ESG) investing requires a balance between pursuing the mission and achieving the required returns. That means making decisions that ...
