Vanguard’s OCIO clients should be wary of the higher-fee active funds and alternative investments that are now open to them.
Are Your Data Governance and Management Practices Keeping Pace with the AI Boom?
No matter how sophisticated and expensive a firm’s AI tools are, it should not forget that the principle “garbage in, garbage out” (GIGO) applies to the entire investment management process.
Book Review: Default
Argentina’s debt restructuring tests the theoretical limits of chaos theory. Gregory Makoff’s feat is to build his narrative as a thriller without losing the detailed facts valued by specialists.
Conundrum Cubed: Scope 3 for Financials
Proxy data and estimates are likely to play an important role in plugging disclosure gaps in financial institutions’ Scope 3 emissions.
Hedge Funds: A Poor Choice for Most Long-Term Investors?
By allocating to a diversified pool of hedge funds, many institutional investors are unwittingly reducing their equity holdings.
Did Inflation Kill the CAPM?
While the immediate future may not be promising for the equity premium, it looks bright for factor premiums.
Behavior of Crowds not Wisdom of Crowds
When behavioral crowds are roiling the markets, as they are now, best idea active equity has an excellent chance of outperforming.
Is the Outright Ban on a US Central Bank Digital Currency (CBDC) a Mistake?
Instead of outright banning a US CBDC, wouldn’t it be preferrable to establish clear and enforceable legislative guardrails?
Concerned About Market Concentration and Lofty Valuations? Consider Small Caps
Investors are showing increased concern about large-cap stocks due to high market concentration and lofty stock valuations. Other factors combine to make a compelling case for small caps.
What Is Systems Thinking? A Primer with Applications for Sustainable Investing
Systems thinking is gaining in popularity in many fields including economics, finance, and investment management. Learn what it means and how it’s being applied to sustainable investing.