Practical analysis for investment professionals

Regulations Standards and Ethics


Book Review: Plunder

Brendan Ballou presents a meta-analysis of the worst of private equity investment practices, thus compelling investors to take a deeper look into their illiquid private equity commitments.

Book Review: These Are the Plunderers

The PE playbook is always the same: Borrow money to acquire the firm, saddle it with debt, and extract exorbitant management fees.

ChatGPT and Large Language Models: Their Risks and Limitations

Inaccessible data and the limits of computing power are only two of the obstacles holding LLMs back.

Markets in Chaos: A Return to the Gold Standard?

The grand monetary experiment of the last decade and a half has undermined the global financial system and necessitates a radical solution.

Portfolio Confidential: Five Common Client Concerns

What are the five most common client concerns and how can we address them?

ChatGPT and Large Language Models: Syntax and Semantics

Today, ChatGPT and large language models (LLMs) more generally represent the next evolution in AI/ML technology. And that comes with a number of implications.

How Do Performance Metrics Correlate? Might Fund Managers Cherry-Pick?

With various performance metrics to choose among, might fund managers be tempted to cherry-pick those that reflect most favorably on their performance?

Climate Change, Risk Management, and the Freedom to Invest Responsibly

The freedom to invest responsibly and the principle of risk management must be defended, and that requires us to go back to basics.

Crypto’s Unanswered Question: At What Price?

How do you make buy and sell decisions with cryptoassets? The answer remains elusive.

A Global Proxy Voting Database: An Idea Whose Time Has Come?

The proxy voting system has taken on added importance amid growing interest in environmental, social, and governance (ESG) issues and how investors vote on related shareholder proposals. So, how can we improve it?



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