Category Archives: Portfolio Management
Frances Barney, CFA, on Tackling Enterprise Investment Risk Management
Enterprise risk management goes beyond taking information from investment managers at face value, but it’s a better way to get a picture of the investment risks involved. Read More
The Importance of Avoiding Unintended Bets in Your Investment Portfolio
At the 70th CFA Institute Annual Conference, Robert P. Browne, CFA, CIO at Northern Trust, discussed his team’s investment process and warned portfolio managers about understanding the full extent of the implied bets made with their investments. Read More
Thaler on Choice Confusion: To Intervene or Not to Intervene
Richard H. Thaler reviewed many of our behavioral frailties during his lively and engaging presentation at the 70th CFA Institute Annual Conference in Philadelphia. The key takeaway: If only we could learn. Read More
C. Thomas Howard Urges Practitioners to “View the Markets as They Are”
C. Thomas Howard, an opponent of the efficient markets hypothesis, advocates for a radical departure from the idea of diversification at the core of a healthy portfolio. Read More
Navigating the Markets in a Year of Transition
Elizabeth Corley described 2017 as a year of transition as she shared her outlook on the economy, geopolitics, fiscal and monetary policy, and their implications for global investors. And while she characterized the environment as challenging and struck a cautious tone, she also offered hope and some words of advice for beleaguered active managers. Read More
Karen Firestone on Taking the Right Risks
By applying four tenets of sensible risk taking, Karen Firestone finds better outcomes. Read More
Predicting Bond Default Rates: Martin Fridson’s Method
Most projected high-yield bond default rates in the marketplace, asserts Martin S. Fridson, CFA, are based on a calculation method that is wrong for a number of reasons. Read More
Applied Fintech: Combining Invest-Tech’s Building Blocks
Everyone in the investment business wants to talk about fintech. But what about invest-tech? Read More
Generating Alpha by Exploiting Market Anomalies
Net of fees, the average active investor will underperform the stock market. Yet empirical data also suggest that there are a number of market anomalies that have persisted over time, and disciplined investors can exploit them to generate outsized returns, Peter Berezin says. Read More
Think Different, But Be Right
How do you differentiate yourself from other professional investors? Rupal J. Bhansali uses a process of elimination, screening out companies with unattractive characteristics so that an attractive opportunity set “rises to the top like cream over milk.” Read More
