Practical analysis for investment professionals 
Is investment management a business or a profession? How do you build an ethical culture? And how do you deal with stewardship of client assets, the management and disclosure of conflicts of interest and structuring and reporting fees and compensation? These were some of the difficult questions that experienced investment professionals debated at the inaugural Professionalism Conference organized by CFA Society of the UK. Here are the highlights. Read more
Leave a CommentThe stories of disgraced former UBS traders Tom Hayes and Kweku Adoboli illustrate the perils faced by young professionals just as their talents and high potential are beginning to get recognized. Read more
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In economic and financial matters, paternalism — protecting an individual from himself or herself — comes in many guises with one common theme: the maximization of welfare. Yet it raises a question with no easy answers: When exactly should individuals or investors be protected from making their own bad choices? Read more
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A recent study designed to decipher the “black box” of sell-side analyst decision making sheds new light on the driving forces behind two important outputs of their work: earnings estimates and stock recommendations. Read more
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“Tone at the top” is a mantra that we hear time and again as the cure for the ethical decay that is permeating financial organizations. But if the industry really wants to create a culture of integrity, it must also establish a “tone at the middle.” Read more
3 CommentsBecause CFA Institute launched its major, new multi-year effort “to help change finance for the greater good,” the Future of Finance, on Monday, we thought it was particularly timely to ask readers which portions of the financial ecosystem need the most improvement. Read more
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The legacy of financial innovation was the subject of a recent panel discussion, where three leading practitioners assessed some of the most widely debated innovations of our time, including high-frequency trading, dark pools trading venues, and the Dutch auction model for initial public offerings. Read more
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Top posts from last month included tips for manager search and selection, word of wisdom from a veteran small-cap investor, and advice on how to help your clients avoid “financially dysfunctional behavior.” Read more
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