Category: United States

With Federal Reserve Chair Jerome Powell’s semiannual address to the Senate Banking Committee this week fresh in mind, it is an ideal time to consider the drivers of r*.

Asset classes such as commodities have historically had notable diversification benefits for longer-term investors who are concerned with inflation.

Vanguard’s OCIO clients should be wary of the higher-fee active funds and alternative investments that are now open to them.

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.

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.

Proxy data and estimates are likely to play an important role in plugging disclosure gaps in financial institutions’ Scope 3 emissions.

By allocating to a diversified pool of hedge funds, many institutional investors are unwittingly reducing their equity holdings.

While the immediate future may not be promising for the equity premium, it looks bright for factor premiums.

When behavioral crowds are roiling the markets, as they are now, best idea active equity has an excellent chance of outperforming.

Instead of outright banning a US CBDC, wouldn’t it be preferrable to establish clear and enforceable legislative guardrails?