A Preemptive Prescription to Cyber Exposure Management
Each year, cybersecurity researchers discover more common vulnerabilities and exposures (CVEs) than there are types of the common cold. For reference, there are about 200 types of the ...
Risk Management
Have Central Bank Interventions Repriced Corporate Credit? Part 3
The Ongoing Influence of Fed Intervention The markets responded immediately when the US Federal Reserve announced it would intervene in corporate credit markets to bolster the ...
Splitting the Risk: How to Manage Interest Rate Risk in Project Finance
Saudi Arabia’s economy is surging. The debt market tells the story: Banks in the Kingdom have extended more than SAR 2.2 trillion — that’s $587 billion in US dollars — in credit ...
The Little-Known Credit Holding Up the Clean Fuel Market
For investors watching the energy transition unfold, the surge in prices of compliance credits known as D3 renewable identification numbers (RINs) tells an important story. Refiners ...
Redefining the Retirement Income Goal
The following is based on “Redefining the Optimal Retirement Income Strategy,” from the Financial Analysts Journal. Financial planning tools largely assume retirement spending ...
Presidential Election Cycle Theory: A Bullish 2023?
This year, 2023, is the heralded third year of the presidential election cycle. It has kicked off with nervous markets eyeing political drama in Washington, DC: contentious votes to ...
The Size Factor Matters for Actual Portfolios
The size factor is among those equity risk factors that have provided a premium over the longer term. Recently, however, some researchers have expressed doubt about its utility based ...
Is the Copper–Gold Ratio a Dependable Leading Indicator on Rates?
The Copper–Gold Ratio and Dollar Effects Institutional asset managers use the copper–gold ratio as one of the 10-year Treasury yield’s leading indicators. Indeed, as the spread ...
Rethinking Retirement Planning Outcome Metrics
The following is based on “Redefining the Optimal Retirement Income Strategy,” from the Financial Analysts Journal. Retirement, like life, is fundamentally uncertain. That’s ...
Is the 60/40 Portfolio Still Relevant?
How have different portfolio allocations performed throughout the world? Amid recent market turbulence, the worst year ever for US bonds, persistent inflation, and the looming ...
Partnering for Impact: Institutional Investors and the Net-Zero Transition
Brian Minns, CFA, will speak at the Climate Risk and Returns Conference from CFA Institute, held 20–21 April 2023 in New York City. Partnerships among institutional investors ...
Regret and Optimal Portfolio Allocations
How is risk defined in portfolio optimization objective functions? Usually with a volatility metric, and often one that places a particular emphasis on downside risk, or losing ...
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