Practical analysis for investment professionals

Search results for: modern portfolio theory

How Goals-Based Portfolio Theory Came to Be

Investing is never done in the abstract. Investing is — and always has been — goals-based.

Is the Euro Uninvestable? The FX Question du Jour

A reduction of the ECB's balance sheet and a serious effort to achieve positive real interest rates will be key to ensuring a turnaround in the fortunes of the EUR/USD.

Equity Risk Premium Forum: MMT, Looking Back, Looking Ahead

"There’s one aspect of MMT that I have some sympathy for: the notion that what we spend money on is far more important than how we finance it." — Cliff Asness

Asset Owner Perspectives: Building Investment Organizations Fit for the Future

How are asset owners thinking about and building their multi-generational, long-horizon portfolios?

The Private Capital Wealth Equation, Part 2: The Economics Variable

The performance of alternative asset managers is encapsulated in the formula: Wealth = Controls + Economics. Here, we outline the economics component of the equation.

The Next 75 Years: Will Generalists or Specialists Prevail?

To generalize or specialize? Seventy-five years after CFA Institute was established, how should investment professionals and aspiring investment professionals approach the choice?

Causality Techniques in Investment Management: Five Key Findings

What are the most widely used causality tests in the equity markets?

Book Review: Trillions

Robin Wigglesworth has produced a book that is historical, entertaining, and thought-provoking.

Machine Learning: Explain It or Bust

Interpretability is paramount in machine learning.

The Mirage of Direct Indexing

Direct indexing seems like a free lunch that is too good to pass on. But is it?



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