Market risk is the potential for losses in securities due to fluctuations in market factors like interest rates, currency values, FX/commodity spot rates, and equity prices. These ...
For more than a century, the equity risk premium (ERP) — the excess return from stocks over bonds or cash — has been the backbone of investing, delivering 5% to 6% annually above ...
Despite the headlines proclaiming its demise, active investment management is not going extinct — it’s evolving. The traditional mutual fund may be fading, but active decision-making ...
Commemorating Warren Buffett’s legacy and the Financial Analysts Journal’s 80th Anniversary through the lens of the award-winning article, “Buffett’s Alpha.” The post Two Enduring Legacies, One ...
What if you could get the performance of private equity (PE) without locking up your capital for years? Private equity has long been a top-performing asset class, but its illiquidity ...
Artificial intelligence is transforming how investment decisions are made, and it is here to stay. Used wisely, it can sharpen professional judgment and improve investment outcomes. ...
Factor investing promised to bring scientific precision to markets by explaining why some stocks outperform. Yet after years of underwhelming results, researchers are finding that ...
The Age of the AI Agent The investment management industry stands at an evolutionary crossroads in its adoption of Artificial Intelligence (AI). AI agents are increasingly used in ...
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 ...
In this Research Foundation book, edited by Alfonso Ricciardelli, CFA, and Philip Clements, CFA, practitioners introduce the key features of the alternative credit asset class. ...
I recently sat down with Jason Hsu, founder of Rayliant Global Advisors and chief economist of East West Bank, to discuss the evolution of factor investing, the challenges facing the ...
Foreign exchange (FX) markets are shaped by liquidity fluctuations, which can trigger return volatility and price jumps. Identifying and predicting abnormal FX returns is critical ...
