Practical analysis for investment professionals


Institutional Portfolio Benchmarks: Slow Rabbits?

When it comes to their benchmarking practices, US public pension funds need to find faster rabbits to chase.

The C-Suite Speaks: Earnings Avalanche

Based on the glut of recent earnings calls, Scott Krisiloff, CFA, observes a consensus view on the economy emerging from the C-suite: Things are sluggish and people are still cautious, but there's no reason to believe that a downturn is imminent.

The C-Suite Speaks: Stable, But Uninspiring

Expectations are low, and growth will be hard to achieve because comparisons will be difficult for the next few quarters, according to recent earnings calls. Although optimism has rebounded with the markets, CEOs are still cautious, while March was a weak month for industrial markets. Capital markets have opened up for strong issues, but confidence is fragile.

The C-Suite Speaks: The Oracles Opine

Charlie Munger and Janet Yellen each offered up some intriguing prognostications over the last week or so. So what did they have to say about where the economy is headed?

Robert C. Merton: On a New Approach for Analyzing and Managing Macrofinancial Risks (Video)

Speaking live from the Fifth Annual European Investment Conference, Nobel laureate Robert C. Merton discusses using modern financial tools, such as contingent claims analysis (CCA), to better understand how macrofinancial risks transfer through markets to affect various asset classes, currencies, and investment strategies.

El-Erian and Spence on Systemic Risk, Multiple Equilibriums, and Market Dynamics

In an article from the upcoming issue of the Financial Analysts Journal, Mohamed A. El-Erian and Michael Spence use an array of real-life examples — including the current sovereign debt crisis in the eurozone — to analyze the underlying dynamics of the periodic bouts of systemic path dependence that affect not only financial markets but also investment strategy itself.

Photo Essay: CFA Institute Research Challenge Winning Team Rings NASDAQ Closing Bell

Thammasat University, the winning team from the 2012 CFA Institute Research Challenge, was invited to the NASDAQ MarketSite yesterday to ring the closing bell along with John Rogers, President and CEO of CFA Institute, and members of the CFA… READ MORE ›

Just Released: CFA Magazine (March/April 2012)

Hardest hit by the 1997–98 Asian financial crisis, Indonesia has overcome political turbulence and other problems. This issue's cover story examines the country’s emergence as an unexpected leader in Asian economic and market performance.

Just Released: CFA Magazine (January/February 2012)

After a decade of outperformance, have inflation-linked bonds reached a tipping point? This issue’s cover story examines recent developments with TIPS, including what investors… READ MORE ›

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