Investing

[ad_1] Under the private equity fundraising model, every few years fund managers secure capital commitments with a 10-year duration and charge management and advisory fees during the lock-up period. While longer-dated products have emerged over time, the basic pattern has remained essentially unchanged. Unfortunately, fundraising is cyclical. Downturns require patience: […]

[ad_1] Purpose and Profit: How Business Can Lift up the World. 2022. George Serafeim. HarperCollins Leadership. In Purpose and Profit: How Business Can Lift up the World, George Serafeim, the Charles M. Williams Professor of Business Administration at Harvard Business School, provides a roadmap and best practices for businesses to […]

[ad_1] For more insights on the equity risk premium from Rob Arnott, Cliff Asness, Mary Ida Compton, Elroy Dimson, William N. Goetzmann, Roger G. Ibbotson, Antti Ilmanen, Martin Leibowitz, Rajnish Mehra, Thomas Philips, and Jeremy Siegel, check out Revisiting the Equity Risk Premium, from CFA Institute Research Foundation. “There’s one aspect of […]

[ad_1] “The descent is always more sudden than the increase; a balloon that has been punctured does not deflate in an orderly way.” — John Kenneth Galbraith I traveled with my family to London and Normandy, France, in July 2022. The trip’s primary purpose was to meet up in Normandy with […]

[ad_1] The euro’s value relative to the US dollar (EUR/USD) recently dipped below parity for the first time since 2002. So precipitous and rapid has been the decline in EUR/USD over the past year that many mean reversion/short gamma funds have had to liquidate and return the remaining capital to investors. […]

[ad_1] The Ownership Dividend: The Coming Paradigm Shift in the U.S. Stock Market. 2024. Daniel Peris. Routledge — Taylor & Francis Group. Could the next opportunity in the stock market be with dividend stocks? According to Daniel Peris, the answer is “yes,” and after reading his insightful book, The Ownership […]

[ad_1] It is a logical truism that advancing our skills advances our careers. The challenge, however, is knowing where to focus our personal development so that it will have the maximum benefit. The “Future of Work in Investment Management: Skills and Learning” research report from CFA Institute identifies current gaps […]

[ad_1] Investing in the Era of Climate Change. 2022. Bruce Usher. Columbia University Press. The scientific consensus is that climate change is real, occurring now, and potentially catastrophic. As a result, most countries have committed to reductions in greenhouse gas emissions with the aim of “net zero” emissions by the […]

[ad_1] Russia’s invasion of Ukraine has had ramifications throughout the global investment community. There are the obvious repercussions: the rising volatility in the equity and commodities markets as well as spiking inflation. But there are also more subtle effects: The war has forced investment professionals to navigate complex gray areas […]

[ad_1] The month of October strikes fear in the hearts of many Wall Street veterans — and for good reason. Over the last 123 years, 7 of the 10 worst days in US stock market history occurred during this seemingly haunted 31-day stretch. But there’s nothing supernatural about these October […]