AllAboutAlpha

By Claire Sawyer, Associate Director of Content Development, CAIA Association

By Massimiliano Saccone, CFA, Founder & CEO, XTAL Strategies

For many years, the definition of private market performance seemed inevitably reduced to hazardous time-weighting approximations. The calculation hurdle of the presence of interim cash flows looked insurmountable, so much so that, in the private markets, it became perfectly acceptable to neglect the basic rules of performance analysis and comparison.

by David Moreno, CFA, Indexes Manager, EPRA 

By Steve Novakovic, CAIA, CFA, Managing Director of Educational Programming, CAIA Association

By Massimiliano Saccone, CFA, Founder & CEO, XTAL Strategies

 

One of the useful legacies of the now-vacated SEC’s Private Fund Advisers Rule[i] is a clear and current definition of the purpose of reported performance. Performance metrics should allow investors:

By Max Williams, Co-Founder & COO, Runa Digital Assets

By Claire Sawyer, Associate Director of Content Development, CAIA Association

By Madison Murphy, Associate, FS Investments 
& Daniel Wilk, CAIA, Executive Director and Client Portfolio Manager, FS Investments

By Claire Sawyer, Associate Director of Content Development, CAIA Association

By Justin Arasin, Head of Capital Formation and Product Development, US Realty Advisors 
& David Grazioli, Managing Partner, US Realty Advisors
 

By Andreas Rothacher, CFA, CAIA, Head of Investment Research at Complementa AG
 
 

Swiss pension fund landscape and regulation of alternative assets

By Matt Curtolo, CAIA

The world is replete with relative comparison. Certainly, in our social lives, we are often ‘keeping score’ of our ‘performance’ when compared to others. In 1954, psychologist Leon Festinger developed the theory of social comparison, which is the idea that individuals determine their own social and personal worth based on how they stack up against others. 

By Anthony Barchetto, CFA, Founder and Chief Executive Officer of Salt Financial, a leading provider of index solutions and risk analytics for investment advisors, fund sponsors, investment banks, and insurance carriers.

Predicting the Future, One Day at a Time

By Morgan D Neff, Senior Vice President and Wealth Management & Trust Director, First National Bank of Alaska.

Alaska is not California. Alaska has no state income tax, capital gains tax, estate tax, or gift tax.

Most states don’t allow you to protect your assets in a trust and retain beneficial interest even if it is irrevocable. 

By Shaul Rosten, Equity Analyst, Global Value - Redwheel.

By Michael A. Ervolini, Distinguished Fellow, FactSet Research Systems, Inc.

Behavioral Matters is a series of essays on the application of Behavioral Finance written specifically for professional investors and portfolio managers.

"Good decisions come from experience. Experience comes from making bad decisions.” - Mark Twain

By Brian A. Schroeder, the founder of OCIO Monitor, a specialty consulting firm that provides due diligence of investment consultants and outsourced chief investment officers.

By Blake Curtis of Wilshire Advisors.

A common catchphrase used to explain the importance of diversification is “Don’t put all your eggs in one basket.” This analogy of spreading risk is intuitive: One basket might break, one might be stolen, and one might end up in cold storage with a lost key. The eggs and baskets do well to illustrate the power of diversification to reduce risk but may not fully do the term justice.

By Vincent Weber, CEO and Co-founder of Resonanz Capital, a specialized investment advisory firm managing approximately $6 billion in assets under advisory (AuA) spanning hedge funds. 

Are you equipped to navigate the complexities of forecasting fund risks in actively managed portfolios? Discover whether Holdings-Based or Returns-Based Analysis offers the most reliable insights into a fund's risk profile.

By Ben Macmillan, co-founder and Chief Investment Officer of IDX and Joshua Myers, Director of Analytics and Head of Trading for IDX.

Summary: