benchmarks
Can we retain the benefits and economically sound basis of a factor approach to equity investing while more closely aligning a factor portfolio’s performance to a cap-weighted benchmark?
The first step in testing whether ESG funds deliver higher ESG scores is to determine what to compare them against.
Do index funds with lower tracking error have better or worse post-tax performance?
Why does investing in the "average" private market fund seem to go so poorly?
Benchmarking a company against its peers tends to be the quickest path to mediocrity.
When it comes to their benchmarking practices, US public pension funds need to find faster rabbits to chase.
There is no valid benchmark for the unlisted private equity sector. That needs to change.
Leading posts from August include Preston McSwain's call for more honest and accurate fee disclosures and performance reporting; an examination of Sam Zell's take on the economy by Julie Hammond, CFA; tips on how to ace job interviews by Julia VanDeren; Will Ortel's exploration of what's in a hedge fund name; and an analysis of capital markets during times of war by Mark Armbruster, CFA.
Are investors expecting more than index funds can deliver?
"What if, instead of trying to beat the market, investors focused on outperforming other investors by earning investing’s equivalent to par?" asks Dougal Williams, CFA.