By Aaron Filbeck, CAIA, CFA, CFP®, CIPM, FDP, Managing Director, Content & Community Strategy, CAIA Association Over the past few years, I’ve written, spoken, and thought a lot about the growing argument for integrating private markets into defined contribution (DC) plans. For a balanced view of the pros and cons, I explored this in […]
By John Sedunov and Michael Pagano Risk management has long been considered the domain of large, publicly traded banks – an exercise in regulatory compliance and systemic stability. Frameworks for measuring interest rate risk, credit exposure, and liquidity have historically been designed with institutions like JP Morgan or Bank of America in mind. […]
By John W. Moore, CFA®, CAIA®, CMT®, Stratview Wealth Management The past few years have seen a surge in alternative investment structures tailored for the wealth management channel. What began as a push for broader access has evolved into a rush of innovation as institutional strategies are repackaged into “investor-friendly” formats. […]
By Laura Merlini, CAIA, CIFD, Managing Director, EMEA, CAIA Association In traditional majlis gatherings, decisions were sealed over Saudi coffee and dates, built on personal relationships and trust developed over years. Honoring the same spirit, CAIA gathered senior investment professionals at the heart of King Abdullah Financial District for the final stop in our […]
By Shreyash Shrivastava, FRM and Shubham (Sam) Goyat, CAIA Why Private-Credit Liquidity Now? Private credit has evolved from a niche strategy to a $2 trillion asset class in less than a decade, surpassing syndicated bank loans and high-yield bonds as the primary source of growth capital for middle-market companies. Despite double-digit unlevered yields, investors […]
By Kate Zogaj Introduction: Custody as the Defining Question of Institutional Digital Asset Adoption As institutional participation in digital assets expands, the most consequential debate is no longer about price volatility or market speculation. It is about custody. Digital assets challenge the conventions of traditional financial infrastructure by requiring secure management of cryptographic private […]
By Tatja (Tati) Karkkainen, PhD, Research, Development and Innovation (RDI), Kiitot Utility tokens represent a distinct category within the digital economy. They connect blockchain technology to online services such as storage, computation, and communication. For professionals focused on diversified capital allocation, such as those following the CAIA framework, utility tokens are likely to […]
By Mark Garfinkel, Sr. Portfolio Manager at Liquid Strategies, LLC As the private credit market surges toward $3 trillion in assets1, concerns are growing over the potential formation of a bubble—driven by too much capital chasing too few high-profile lending opportunities. Rather than focusing on whether the market is in a bubble, this […]
By Jasmin Muelhaupt, CAIA, Director of Financial Product Development at 21Shares AG & Darius Moukhtarzadeh, CDAA, Research Strategist at 21Shares AG In any mature asset class, total return is driven by two components: capital appreciation and income. In the early days of crypto, new tokens were primarily earned through mining – the original mechanism […]
By Aaron Filbeck, CAIA, CFA, CFP®, CIPM, FDP, Managing Director, Content & Community Strategy, CAIA Association Direct lending came of age in a period of low rates, low inflation, (late-stage) globalization, and easy monetary policy – all wrapped with a supportive regulatory environment that shifted supply from banks to investors. While direct lending is […]