AAA sat down with Alex Gurvich and Jim Mitchell, both of The Rockledge Group, an investment advisory firm headquartered in Brooklyn, New York. We began by discussing the mid-January launch of a new product that gives the long-short equity strategy an ETF format, and ended up talking about a good deal else, such as the inherent superiority of ETFs over mutual funds, and Pimco's recent recognition of that fact.
Since transaction costs and the illiquidity of certain portions of an index make ideal tracking impossible, there will be a difference between the return of a tracking ETF, such as those tracking ETFs that are structured as UCITS in Europe, and the return of the underlying index or benchmark. The European Securities and Markets Authority maintains that investors should be informed of the factors that are likely to affect the size and the volatility of this difference.
Alpha Hunter Khiem Do talks about Asia and where the alpha is from his perspective.
The Hartford (CT) CFA Society recently hosted a workshop on “Pension Risk Management and Governance.” The discussion proved to be mostly, though not exclusively, about ERISA and about how plan sponsors may arm themselves against the sorts of litigation it may inspire.
Moderator Martin Rosenburgh, who is both an attorney and a financial analyst, and currently [...]
By John Brynjolfsson
A CPI critic recently suggested that Ben Bernanke thought CPI homeowner equivalent rent is a “made up” figure. Nothing could be further from the truth.
Over the years I’ve been impressed with the rigor of CPI, unimpressed with its critics, and unable to find a better measure of the cost of living. Outside the [...]