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| Fortnightly | ||
| (The categories Charts and Market Stories are currently inactive, but previous postings are available in the archives.) | ||
Most recent postings
| From Crypto to Tractors to Wolves in Sheep’s Clothing 11/28/21 Fortnightly |
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It might be “the weirdest time in history for finance,” but the Fortnightly is hewing to its regular schedule of providing interesting reads from around the ecosystem. |
| The ESG Juggernaut and Points of Pushback 11/26/21 The Research Puzzle |
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This posting outlines key areas for debate regarding the predominant investment issue of the day. In many organizations, these considerations and the uncertainties surrounding them have not been adequately addressed. |
| Don’t Forget Books 11/24/21 Learning Curve |
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So much to read, so little time. A few thoughts on the importance of diving into longer works, plus some lists of good books. |
| An Application of Ensemble Methods to Portfolio Construction 11/22/21 Asset Manager |
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A new idea is introduced, based upon backtested research. Live portfolios are created and tracked. We’ve seen it all before; what kinds of broader considerations stem from this particular case? |
| A New Business Model for Old Media 11/18/21 Charts |
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They call the paper the “Old Gray Lady,” and its obituary could have been written sometime ago. But it has managed to survive and to remake itself. |
| Getting a Handle on Distribution Yield 11/16/21 Investment Advisor |
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An ETF serves as a good example to explore expected returns, benchmarks, reporting requirements, and the special attraction of “yield.” |
| Crosscurrents and the Balance of Fixity and Change 11/14/21 Fortnightly |
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Funds versus central banks? Due diligence? All-star analysts? Venus and Mars? All of that, plus pension systems, crypto prime brokerage, RIA rollups, and a paper trail to follow. |
| T. Rowe Price and the Search for Assets 11/12/21 Charts |
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This leading asset management organization demonstrates the power of the business model — and the challenges inherent in pursuing future avenues of growth. |
| Resisting the Force Field of Observed Performance 11/11/21 Due Diligence |
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Manager selection practices must be designed to navigate one big problem that never goes away. Here are a couple of examples of how it manifests itself. |
| Forces in the Ecosystem 11/09/21 The Research Puzzle |
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Segmentation, aggregation, migration, popularity, order, and disorder are constantly at work, altering opportunities and risks in the prices of assets and the fortunes of market players. |
| Why Do Asset Owners Pay for Beta? 11/04/21 Asset Owner |
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Eye-popping compensation accrued to a manager as a result of a period of good (if not eye-popping) performance, once again illuminating a structural oddity in the market for investment management. |
| Lessons From a Hedge Fund Manager 11/03/21 Learning Curve |
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The chief investment officer of the hedge fund firm Marshall Wace provides his “perspectives on fund management,” which serve as a template for the examination of investment beliefs and implementation practices. |
| Setting Expectations, the Everything Crackdown, and Good Reads 10/31/21 Fortnightly |
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This first edition of the Fortnightly fits the mold of others to come. There will always be links to good readings from around the ecosystem — to highlight things you may have missed and to foster ideas that illuminate possibilities in your work. |
| How Innovative Is Your Organization? 10/29/21 Asset Owner |
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Across the spectrum of asset owners, organizations differ dramatically in their approach to innovation. Finding where you are and deciding where you want to be can start with a simple step. |
| Two Decades of Factor Returns 10/26/21 Charts |
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“Smart beta” was all the rage a few years ago, but many factor strategies have struggled since then. Here’s a look at the returns on size, value, beta, momentum, and quality. |
