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Low Probability of Loss: Why It Doesn’t Equal Low Risk in Investing

In golf, a hole-in-one is a remarkable feat. The odds? Roughly one in 850,000 from a distance of 150 yards – practically a statistical anomaly. Yet, the 2023 LPGA tour recorded 20 such occurrences. How can this… READ MORE ›

From Equities to Real Assets: Key Trends Shaping Multi-Asset Investment

Multi-asset managers need a reliable, data-driven foundation for constructing portfolios that are not only diversified but also aligned with global economic trends.

A Reality Check on Private Markets: Part II

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?

A Guide for Investment Analysts: Working with Historical Market Data

Interested in working with older historical data? Pitfalls lurk for the unwary.

Book Review: The M&A Failure Trap

Massive M&A deals make headlines but too rarely make money for stockholders.

The Tyranny of IRR: A Reality Check on Private Market Returns

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.

Escaping the Benchmark Trap: A Guide for Smarter Investing

Is it time to eschew the benchmark trap in favor of Warren Buffett's rule, "Don't lose capital?"

From Darwin to Wall Street: A Rebuttal

The problem within finance is its philosophical core; that is, the worldview upon which our analytical frameworks are based.

Retaining Top Investment Talent: Lessons Learned by Large Canadian Pension Plans

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.

The Hidden Environmental Costs of Tech Giants’ AI Investments

Big tech is spending big on AI technologies. Training and operating them has raised concerns about environmental impact. What disclosures should sustainable investors demand?