Archives

An anthropological view can offer deep insight into why an organization does what it does, providing perspectives that can be missed by others.

In addition to the headline items, dig into readings about shadow banks, direct indexing, the research settlement twenty years on, regulatory arbitrage, ESG debates, “BuyIRR Beware,” and more.

The corporate finance and M&A functions of investment banks sit at the nexus of market and corporate activity. The dominant culture within them has permeated the investment ecosystem.

This posting begins a series about how the cultural analysis of investment entities can reveal how decisions are made and why.

This edition of the Fortnightly features a few items about private equity, context on Silicon Valley Bank, and a peek in a black book about the new investment regime. Plus a wide range of other readings of interest.

A documentary about the Beatles provides examples that are instructive regarding investment teams and the nature of process.

This edition explores risk-mitigating strategies, group effectiveness, investor psychology, the culture of busyness, and GPT coming to the investment world. But that’s just a slice of what’s here.

What length of time makes sense when you are evaluating the performance of an asset manager? A research survey makes judgments in response to the industry’s standard frame.

The latest biweekly collection of curated articles runs the gamut from anomalies to Z-Scores (with M-Scores somewhere in the middle). Asset classes, organizations, people, and flux.

Microsoft Excel is everywhere in the investment world. A reflection on uses, errors, and history, as well as some wizards of columns and rows.

Multi-manager, multi-strategy funds are the subject of attention and fascination now. What are the implications of their success and popularity?

It didn’t even take two weeks (since the last edition of the Fortnightly) for things to change in a big way. A bit about that, plus a wide-ranging set of reads about other important ideas in the ecosystem.

A paper based on a recent survey of hedge fund managers prompts questions about the alignment of interests between hedge funds and their investors.

A proposed SEC rule regarding the outsourcing of capabilities by investment advisory firms shines a light on how they evaluate and select third-party providers.

Included in this issue are readings about machine learning, meeting with asset managers, black swans, private equity, technical analysis, liquidity challenges, ESG, failures of due diligence, and much more.