By William J. Kelly, CAIA, Founder & Managing Member, Educational Alpha LLC Anyone familiar with the London Underground will know this phase well. While the meaning of Mind The Gap is quite clear to anyone stepping on or off the Tube, it really is a case study in risk management. Most of us […]
By Victoria Tellez, Associate Director, FCLTGlobal Research The call for long-term decision-making has never been louder.[1] Evidence clearly demonstrates that investors who embrace a long-term outlook tend to outperform in the markets, and companies with a long-term mindset consistently deliver superior revenue growth, earnings, and job creation.[2] So, why do short-term pressures often […]
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 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 […]
By William J. Kelly, CAIA, Founder & Managing Member, Educational Alpha LLC While perhaps not the original source, it was the English economist John Maynard Keynes who said, “it is better to be roughly right than precisely wrong.” In the investment world, it is an apt long-term investment philosophy, but as Chris Ailman […]
By William J. Kelly, CAIA, Founder & Managing Member, Educational Alpha LLC Disruption is afoot at every turn. With due respect to a U.S. Founding Father, Ben Franklin, perhaps it is time to disrupt one of his most famous quips. “In this world, nothing is certain except death and taxes … and the […]
By Anikka Villegas, Senior Fund Strategies & Sustainable Investing Analyst, PitchBook & Hilary Wiek, CFA, CAIA, Senior Strategist, PitchBook Despite efforts to dispel misinformation and bring the industry to a shared understanding of ESG, there are still such widely contradictory views of the term and what precisely it involves that undesirable inefficiencies are […]
By Tommaso Cervellati, CAIA, Blockchain Specialist, State Street Bank Introduction In the last few years, the convergence of TradFi and DeFi is rapidly unfolding, driven by a growing interest and developments spanning the two, such as the launch of spot ETFs on bitcoin by BlackRock and other major TradFi players, and the tokenization of […]
By Shaul Rosten, Analyst, Redwheel Ah, January. Just the word sends shivers of excitement down the spines of gym-proprietors across the world, salivating at the prospect of New-Year’s resolutioners confidently paying for a full year’s membership, only to slink away sometime in March. Yes, it is the season for attempting to better oneself, working […]