What’s the best way to measure volatility of private equity? Perhaps simply assigning a leverage multiple isn’t enough. Join Jack Wu, CFA, William Kinlaw, CFA, and Megan Czasonis as they discuss some of the main takeaways of “Private Equity and the Leverage Myth.” This paper was published in the Winter 2021 edition of The Journal of Alternative Investments, and is available for all to read. You can also a read a summary of the paper here.
Africa’s financial industry is continuing to move towards a path of major growth, impacting economies, savings, and investments. This webcast highlights key trends and future industry issues while bringing together institutional investors, private equity players and stakeholders to identify challenges and opportunities across the Continent. The agenda has been designed to provide local and foreign asset owners and managers a clear and comprehensive view of the African alternative investment market. Our panel of experts share their views on the current investment climate, the strategies to overcome existing challenges and the opportunities available to educated and savvy investors.
Often, investment professionals tend to focus on the quantitative aspects of selecting external managers. However, a very important part of the manager research process heavily relies on qualitative factors, such as personnel and team, firm culture, and alignment of incentives. Mark Rzepczynski, Keith Black, PhD, CFA, CAIA, FDP, and Aaron Filbeck, CFA, CAIA, CIPM discuss the results of a recent survey conducted by CAIA Association to better understand the qualitative factors of importance to LPs and GPs during the manager research process.
CAIA CEO Bill Kelly talks with Marisa Hall, Co-Head of The Thinking Ahead Institute, about what organizations can do to ensure the conversations around racism in our organization, our industry, and the world become actionable and sustainable. Listen in for Marisa's critical perspective.
CAIA CEO Bill Kelly and Associate Director of Content Development, Aaron Filbeck sat down with Anthony Scaramucci of Skybridge Capital for a frank conversation covering the potential impact of the US election and the handling of the pandemic on monetary policy, access to private markets, climate change, and the growing retirement crisis.
Rick Roche, CAIA, Managing Director of Little Harbor Advisors, LLC, talks about his Portfolio for the Future blog series with Aaron Filbeck, CFA, CAIA, CIPM, Associate Director of Content Development at CAIA Association. Listen in, and then check out Rick's posts at Portfolio for the Future: Part 1 / Part 2
Aaron Filbeck, CFA, CAIA, CIPM joined Daniele Bianchi, PhD to discuss Daniele's paper, “Cryptocurrencies as an Asset Class?: An Empirical Approach”, published in the Fall 2020 edition of The Journal of Alternative Investments (Read the full article here). Dr. Bianchi provides a summary of the growing body of literature on cryptocurrencies, his empirical approach to measuring its diversification benefits, and the implications for investors seeking to allocate to cryptocurrencies.
In their 2020 edition of Valuation: Measuring and Managing the Value of Companies, McKinsey & Co. provided new insights on corporate valuation such as the impact of digital valuation techniques, ESG issues, and long-term investing. In this one-hour discussion, they covered the history and evolution of corporate valuation, placed particular emphasis on these topics and the impact on private markets investing today.
Investors navigating an era of climate change are demanding more data to measure the upstream and downstream climate risk and opportunities. But, how can investors use different approaches to climate data in portfolio construction to improve outcomes? We test three types of climate data to understand the circumstances in which they are a value-add to portfolio construction. Building on "decarbonization factors" research, Prof. Serafeim shares insights on how playing to the strengths of climate data can help investors design strategies to manage climate risk while increasing risk-adjusted returns.
In a conversation with CAIA's Millissa Allen, Sara Olsen and David Pritchard of SVT Group, and Yuwei Shi of Middlebury Institute of International Studies at Monterey discuss their piece on the belief that the impact management profession will grow and decide the staying power of ESG and impact investing. Read the complete article and take the brief survey here on Portfolio for the Future.