Biography
Paul McCaffrey was formerly the editor of Enterprising Investor at CFA Institute. Prior to that role, he served as an editor at the H.W. Wilson Company. His writing has appeared in Financial Planning and On Wall Street, among other publications. He is a graduate of Vassar College and the Craig Newmark Graduate School of Journalism at CUNY.
The "Guidance Statement on Firms Managing Only Broad Distribution Pooled Funds" addresses how firms that manage only BDPFs can claim compliance with the GIPS standards.
The numbers speak for themselves: GIPS compliance matters!
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BlackRock's Ronald N. Kahn says big data is neither a gimmick nor a guarantee of success for the challenges confronting active management.
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"Everybody knows we are in a post-truth world," deception detection expert Pamela Meyer told delegates at the 70th CFA Institute Annual Conference in Philadelphia. "People will tell you anything." So what are the verbal and nonverbal clues indicating someone might be deceiving us?
"It's very easy for many of us to feel out of control," said mindfulness expert Jeremy Hunter. "We live too much on gas pedal, too much on brake." But there is a way to get back to what Hunter calls our "zone of resilience — a capacity to be calm." The key to doing that is the practice of mindfulness.