By Steve Novakovic, CAIA, CFA, Managing Director of Educational Programming, CAIA Association In a previous blog post, I discussed the merits of a risk-based portfolio objective. While writing the post, I avoided taking a detour to ramble about performance analysis and benchmarking. Instead, I’ve decided to devote a series of blog posts to […]
By Aaron Filbeck, CAIA, CFA, CFP®, CIPM, FDPManaging Director, Global Content Strategy, CAIA Association Last month, I wrote about the immense opportunity in private wealth management for GPs. If you missed it, the takeaway was clear: even a small shift in market penetration can drive staggering AUM growth. Unsurprisingly, the push into the wealth channel […]
By Massimiliano Saccone, CFA, Founder & CEO, XTAL Strategies In two earlier pieces on this blog (here and here), I shared my views on existing private equity performance metrics and proposed a new metric. I summarized the implications of the proper use of duration and calendarization because, I stated, it makes a substantial difference […]
By Winston Ma, CFA, Esq., Executive Director of Global Public Investment Funds Forum and Adjunct Professor at NYU School of Law President Trump’s recent announcement of a U.S. sovereign wealth fund (SWF), potentially aimed at acquiring a controlling stake in TikTok, has fueled both expectations and controversies. On February 3rd he signed an executive order directing […]
By William J. Kelly, CAIA, Founder & Managing Member, Educational Alpha LLC Marcello Malpighi did not invent the microscope, but he is believed to be the first biologist to use it for scientific research. It was he who first contemplated and explored the plumbing inside of woody plants and how water was […]
Throughout 2025, CAIA is convening eight exclusive leadership roundtables in key financial hubs worldwide—Mumbai, Los Angeles, Toronto, New York City, London, Hong Kong, Singapore, and Qatar. Held under the Chatham House Rule, these intimate forums bring together 8–12 C-suite executives from asset management firms, asset owners, general partners, and industry thought leaders to debate […]
By David Moreno, CFA, Indexes Manager, EPRA In recent months, most central banks across Europe have shifted from a hawkish stance to a more accommodative monetary policy, marking the beginning of an interest-rate-cutting cycle. In the Eurozone, after an intense period of rate hikes in 2022 and 2023, the ECB implemented four 25-basis-point cuts in 2024. In […]
By Steve Novakovic, CAIA, CFA, Managing Director of Educational Programming, CAIA Association As a limited partner, we live in the world of net returns. Gross returns are all well and good, if the LP can negotiate more favorable fees and narrow the gap between gross and net. But ultimately, irrespective of the […]
By Claire Sawyer, Associate Director of Content Development, CAIA Association Over the years, the asset management industry has witnessed a transformational shift in how investment strategies are crafted. Innovation has always been key, but the pace of disruption has accelerated, reaching the very top of the investment food chain. Today, asset owners […]
By Yannick Laurent, Research Analyst, YLF The recent unveiling of DeepSeek rattled markets and raised questions about the current and future dynamics of the AI industry. The situation as I understand it The paradigm until now has been that western tech firms had cornered the market for cutting edge AI. This, in […]