Performance Measurement & Evaluation
Multi-asset managers need a reliable, data-driven foundation for constructing portfolios that are not only diversified but also aligned with global economic trends.
How does the internal rate of return (IRR) work and why do investors need to be careful not to view the metric as an equivalent measure to a rate of return on investments?
What makes most investors believe that private capital funds are such clear outperformers? The use of since-inception internal rate of return (IRR) as the industry’s preferred performance metric and the media’s coverage of the sector are to blame.
Is it time to eschew the benchmark trap in favor of Warren Buffett's rule, "Don't lose capital?"
The secret sauce of Canadian pension plan returns lies in their ability to attract top talent, carefully design compensation frameworks, and adapt to market conditions.
Carlsson-Szlezak and Swartz attempt to add fresh thinking on framing macro shocks that may often prove to be false alarms. Any general reader will obtain some key fresh insights with this work, and CFA charterholders will be offered an alternative to the conventional Wall Street approach to macro discussions.
Asset classes such as commodities have historically had notable diversification benefits for longer-term investors who are concerned with inflation.
Proxy data and estimates are likely to play an important role in plugging disclosure gaps in financial institutions' Scope 3 emissions.
While the immediate future may not be promising for the equity premium, it looks bright for factor premiums.
Portfolios that include both productive and scarce assets can deliver similar performance to the S&P 500 with less risk than those that hold only productive assets.