15 January 2013

Should You Invest in Housing Right Now? First, Learn How To Value It

To value rental property, it is important to understand how leases determine cash flows and how the valuation models for real estate differ from those for other asset classes. Like equity analysts, real estate investors need to develop basic valuation … Read more

1 Comment

14 January 2013

Hedge Funds: The Most Expensive Bargain in Town

By Ted Seides, CFA

Fact: Hedge fund fees are high. Indeed, hedge fund fees are unquestionably the highest amongst active managers of marketable securities. Fact: Some premium goods in life are considered worth their price by the buyers. Aston Martins, private schools, and family … Read more

1 Comment

11 January 2013

Investing for Income: Can Currency Carry Trades Replace Evaporating Yields?

By Hamlin Lovell, CFA

The collapse of interest rates to record lows in the United States, the United Kingdom, the European Union, Switzerland, and Japan has inflicted pain on those who rely on interest income. “Financial repression” is the watchword for this phenomenon, coined … Read more

5 Comments

9 January 2013

Investing In Europe: Is the Chemicals Sector a Buy?

By Robert Stammers, CFA

Editor’s note: This is part of an interview series with charterholders around the world. We met up with Christian Faitz, CFA, who heads chemicals equity research for Europe at Macquarie Securities in Frankfurt to ask some quick questions. He has … Read more

1 Comment

7 January 2013

Implied Forward Rates: Using Judgment to Tell What Future Interest Rates Are Expected to be

By Timothy P. Connolly, CFA

Editor’s Note: We find that many investors are confused when financial professionals talk about what interest rates will be in three years. This article explains something that is intuitive if considered properly: we can apply judgment to the present and … Read more

1 Comment

27 December 2012

Hedge Funds: Do They Really Have Great Returns?

By Robert Stammers, CFA

Simon Lack, CFA, is a widely quoted investment manager whose book The Hedge Fund Mirage has gotten a lot of attention for its critique of high hedge fund fees, lays out some of the history of hedge funds and how … Read more

1 Comment

20 December 2012

Value Investing In Practice: A Conversation About Oaktree Capital

By Christopher R. Pavese, CFA

Our recent presentation on Oaktree (OAK) has generated significant interest from friends and investors, and so we’d like to address a few follow-up questions we’ve received and add some more color to our original analysis. Because Howard Marks, CFA, is … Read more

1 Comment

3 December 2012

Central American Real Estate: Should You Be Investing?

By Marcelo Suarez Castillo, CFA

Real Estate Boom The Central American economy grew last year at an average rate of 4.1%, and its capital markets advanced toward greater integration with the rest of the world. As a result, Central American real estate is experiencing a … Read more

3 Comments

27 November 2012

Is New York City Real Estate in Recovery?

By Robert Stammers, CFA

We have been hearing about a recovery in real estate markets for some time, so we arranged to speak with someone on the front lines of the real estate recovery about what’s happening specifically in New York City, one of … Read more

Fixed-Income Strategy: What’s Jeffrey Gundlach Doing?

By David Schawel, CFA

Few bond fund managers attract as much attention as DoubleLine Capital’s Jeffrey Gundlach. His firm has seen its assets under management grow to more than $45 billion in just over two years since its founding. Although these assets span a … Read more

6 Comments

CFA Institute Inside Investing Providing insight for investors

Drivers of Value

Should You Invest in Housing Right Now? First, Learn How To Value It

Hedge Funds: The Most Expensive Bargain in Town

Investing for Income: Can Currency Carry Trades Replace Evaporating Yields?

Investing In Europe: Is the Chemicals Sector a Buy?

Implied Forward Rates: Using Judgment to Tell What Future Interest Rates Are Expected to be

Hedge Funds: Do They Really Have Great Returns?

Value Investing In Practice: A Conversation About Oaktree Capital

Central American Real Estate: Should You Be Investing?

Is New York City Real Estate in Recovery?

Fixed-Income Strategy: What’s Jeffrey Gundlach Doing?