By Yannick Laurent, Research Analyst, YLF The trade war has dominated discourse in the financial industry, and general media, over the last few weeks. The markets have been in turmoil, with major indices falling dramatically from their recent highs. This is unsurprising, given the intense disruption and uncertainty associated with upending a […]
By Rohit Yadav, CAIA Beneath the daily buzz and tactical chatter, meaningful shifts are quietly taking shape in venture markets. Lasting strategic change takes time. So, when I sat down to write this article (see the latest Q1 2025–Big Book of VC), I asked myself: what’s the one thing I truly wished […]
By William J. Kelly, CAIA, Founder & Managing Member, Educational Alpha LLC Alpha has always been elusive. Often, when found, that trade gets very crowded, the inefficiencies and asymmetric information edges get rinsed out, and beta enters the room. This can take decades, and while the opportunity never goes away, it certainly […]
By Carlin Calcaterra In the intricate web of finance and investment, various vehicles are employed to generate returns and manage wealth. One such vehicle, which has gained traction over recent decades, is the search fund. A search fund is a unique investment vehicle, typically established by one or two entrepreneurs, aimed at acquiring […]
By Stephen Blewitt and Nathaniel Margolis In case you missed it, we recently published an article discussing real assets and their potential as an inflation hedge. We recommend reading that article prior to this one, where we’ll provide a more in-depth analysis. With that, let’s jump in. What Does Prior Research Tell Us? […]
By William J. Kelly, CAIA, Founder & Managing Member, Educational Alpha LLC This entitled piece is a ‘qu’-bit takeoff from Samuel Beckett’s tragicomedy play, Waiting for Godot, which finds the two central characters spending the entirety of the two Acts by a lone tree on a country road, waiting for a chap […]
By Aaron Filbeck, CAIA, CFA, CFP®, CIPM, FDP Managing Director, Global Content Strategy, CAIA Association Like the Gallagher brothers, we’re preparing for the unknown (read: they’re back on tour, we’re in a trade war) and are moving on from the familiarities of the past (read: welcome back Oasis, goodbye globalization). The Brains I Had Went […]
By Steve Novakovic, CAIA, CFA, Managing Director of Educational Programs, CAIA Association & John L. Bowman, CFA, Chief Executive Officer, CAIA Association Stop three of eight on our world listening tour took us to Toronto. Even though our last roundtable in Los Angeles was only four weeks ago, it feels much further […]
By Stephen Blewitt and Nathaniel Margolis After a long period of low inflation, the U.S. experienced a sharp rise in prices starting in 2021, which has only recently begun to ease. The Federal Reserve’s most recent estimate for annual expected inflation over the next 10 years is only about 2.3%, but some economists warn […]
By Dara Akhavein, Student, University of Southern California Private credit has moved from the margins to the mainstream, and it is here to stay. AltsLA 2025 started one month ago today, and there are several takeaways worth revisiting, but one overarching message was unmistakable: private credit is no longer a niche strategy, […]