Chronicles: Issue 5, June 2020

Dear Investment Professional,

It has been a sobering and lamentable couple of weeks as countries struggle to find the right pace of re-opening their economies, unemployment limps along, and racial divisions escalate across the globe. And yet, capital markets continue to roar along, seemingly disconnected from reality.

While Climate has reemerged as an area of interest for investors, the spotlight has seemingly refocused on the stakeholder, supported by rising furloughs and unemployment around the world. At the same time, allocators continue to scrutinize their allocations to private assets, whether it’s the impact of remote work on real estate valuations or the role private equity can play in infusing capital back into the private economy. Finally, the discussions around democratization have escalated again in the United States, as the Department of Labor recently approved limited inclusion of private equity funds in retirement plans. The industry, and world, is holding their breath as the SEC mulls even wider revision of the accredited investor definition.

Enjoy this edition of Chronicles – these articles were chosen to help you better inform your process of capital allocation and keep our CAIA community engaged even as we remain distanced.


John L. Bowman, CFA, Senior Managing Director, Twitter, LinkedIn

Keith Black, PhD, CFA, CAIA, FDP, Managing Director Content Strategy, Twitter, LinkedIn

Aaron Filbeck, CFA, CAIA, CIPM, Associate Director, Content Development, Twitter, LinkedIn