Does the illiquidity premium really exist after fees? Can the efficient frontier really be expanded through private capital or can the same behavior be captured through highly indebted publicly traded small cap equities? Gain insight from a panel of experts that have wrestled and opined on this complex set of questions.
Panelists include: Gregory Brown, Executive Director and Professor of Finance at Institute of Private Enterprise, University of North Carolina, Dan Rasmussen, Founder and Partner, Verdad Advisors, Christine Kelleher, CFA, CIO, National Gallery of Art, Chris Schelling, CAIA, Managing Director, Windmuehle Company, and John Bowman, CFA Senior Managing Director, CAIA Association
Dear Investment Professional,
As we enter the depths of the summer months, we hope this new edition of Chronicles finds you safe and healthy.
Throughout this newsletter, a common theme exists: People. Whether we are focusing on the culture of an investment organization, embracing technological innovation to empower investor decision making, or advocating for more diversity and inclusion in this profession, we must recognize that people are our biggest asset in this industry. Moving forward, culture will increasingly become a major differentiator not only for intangible factors like engaging talent but also for tangible factors like performance.
In addition to culture, this newsletter also features topics on private equity, inflation, and democratization. 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.
Sincerely,
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
