Standards, Ethics & Regulations (SER)

192 Posts

Forum: The Future of Active Management

The travails of active managers in recent years have been well-chronicled. Their poor collective performance has led investors to flee actively managed funds for passive products and others to question their relevance. To better understand the challenges facing active managers today, the industry’s response to those challenges, and the likely future state of the industry, CFA Institute is hosting an online forum as part of its Future of Finance initiative. Read more

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Solutions to a Misbehaving Finance Industry

Solutions to a Misbehaving Finance Industry

Excessive financialization sucks in talented young graduates from more useful occupations, invents superfluously complex financial products, misdirects investment capital into bubbles, and if unchecked by effective regulation, encourages many evils. So, is this evidence of a finance sector malfunctioning so badly that it will inevitably lead to capitalism’s demise? Read more

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Ethics and Finance: Candid Insights from John Hendry

Ethics and Finance: Candid Insights from John Hendry

Does the financial services field constitute a profession? Are its practitioners more prone to ethical lapses than those in other sectors? Does it contribute to inequality? In this provocative interview, Cambridge University professor John Hendry, author of Ethics and Finance: An Introduction, offers some startling answers and considers ways to make financial services more ethical. Read more

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Weekend Reads for Investors: “The Most Crowded Trade”

Weekend Reads for Investors: The Most Crowded Trade

The economic backdrop figures prominently in the chatter among investment strategists of late as they debate the sustainability of the “decoupling” of the US economy from sluggishness in the rest of the world. Bank of America Merrill Lynch strategists have called the decoupling trade — long US stocks and the dollar — “the most crowded trade in the world.” As US stocks hover near all-time highs, those with a contrarian bent may be receptive to the latest missive from Joe Calhoun. In “Is It Time to Zig?” he suggests investors might want to look outside of the United States for opportunities. Read more

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