Top Five Articles from July: Private Equity, ESG, High Yield Today

By Paul McCaffrey

Posted In: Alternative Investments, Behavioral Finance, Best Of, Drivers of Value, Economics, Equity Investments, Fixed Income, Future States, Performance Measurement & Evaluation, Portfolio Management

1. Private Equity Funds: Leverage and Performance Evaluation

Leverage is pervasive in today’s private equity markets. Antonella Puca, CFA, CIPM, CPA, explores how private equity funds apply it and how investors should approach it.

2. The Knowing-Doing Gap in Finance

Why do professional investors talk about behavioral finance more than they apply its insights? Markus Schuller shares his take.

3. 13 Charts: High Yield Today

The standard joke about high-yield bonds is that they’re not high yield any longer. Sloane Ortel and Martin Fridson, CFA, think it’s time to replace that with something better.

4. The Impact of Single Stocks on Factor Returns

Using the Value factor as a case study, how do single stocks influence factor returns? And how do the FAANG stocks influence six common equity factors? Nicolas Rabener sorts through the data.

5. Four Challenges in the ESG Market: What’s Next?

It’s time for environmental, social, and governance (ESG) investing to become more of a science and less of an art, says Christopher K. Merker, PhD, CFA.

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All posts are the opinion of the author. As such, they should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute or the author’s employer.

Tags: Alternative Investments, behavioral biases, behavioral finance, Drivers of Value, economics, equities, ESG, ethics, Factor Investing, financial analysis, Impact Investing, Investment Industry, Investment Management Strategies, Investment Products and Asset Classes, Performance Measurement & Evaluation, portfolio, Portfolio Management Techniques, Private Equity, Socially Responsible Investment (SRI)

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About the Author(s)

Paul McCaffrey

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.