Investment Industry

While actively managed funds still account for 83% of global assets under management according to recent Morningstar data, passively managed funds have been gaining ground in recent years. This prompted us to ask CFA Institute Financial NewsBrief readers if they expected this trend to continue in 2015.

Jack Schwager discusses some of the traders featured in his book, The Little Book of Market Wizards.

In the past few years, trading-volume increases have come predominantly from high-frequency traders, driving exchanges' profit growth and exchanges' attention. In other words, the trading world is now a silicon world to which investors must adapt.

Creating a hedge fund index that reflects investor experience is certainly a challenge, but the assertions made in the academic research point fingers at the wrong issues. Ted Seides thinks it worthwhile to set the record straight.

Gus Sauter, who managed Vanguard’s flagship index funds during a period of exponential growth, reflects on the merits of passive and active investing, while sharing his thoughts on financial industry innovation.

"Asset management companies are in a terrible position at the moment," Paul H. Smith, CFA, managing director, Asia Pacific at CFA Institute, said in a recent interview with Asia Asset Management. "They're squeezed on the income side, and they're squeezed on the cost side."

The Yale University economics professor reminded delegates at the CFA Institute Financial Analysts Seminar last week that cynicism about finance and financial innovation is a symptom of misplaced frustration with today's crises.

Although some critics grouse about them, most investors have long thought that investment management fees can best be described in one word: low. Indeed, fees are seen as so low that they are almost inconsequential when choosing an investment manager. This view, however, is a delusion.

What role should asset managers play in supporting the long-term growth of publicly listed companies in the UK equity market? This query raised more questions than answers at a recent continuing education event organized by the CFA Society of the UK.

Jimmy Stewart Is Dead.

It’s not an obituary. It’s the title of a recent book by Laurence Kotlikoff, a prominent economist and a professor at Boston University. The title is referring to the 1940s feel-good movie, READ MORE ›