Why factor investing often fails in practice — and how causal reasoning helps quant models perform in the real world. The post The Factor Mirage: How Quant Models Go Wrong appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
The rise of continuation funds reflects private equity's longer hold periods for assets amid higher rates and narrowing exit strategies. The post Private Equity’s New Exit Playbook appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
Tokenized MMFs merge blockchain with institutional finance and offer speed and composability but demand airtight cybersecurity and key controls. The post Tokenized Money Market Funds: Cybersecurity Lessons from the Digital Cash Frontier appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
Gold’s 2025 rally has turned volatile. Its sharp pullback tests whether gold’s role as a safe-haven and portfolio cornerstone can endure under market stress. The post From Hedge to Test Case: Gold’s Volatility and the Limits of Safety appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
Nigeria’s experience with LDI offers lessons for building financial resilience and managing long-term investment risks in frontier markets. The post LDI in Frontier Markets: Building Resilience, the Nigeria Case Study appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
Five forces shaping investor sentiment in 2025: AI hype, rising fees, market timing, behavioral traps, and renewed focus on discipline. The post From AI FOMO to Fee Fatigue: Investor Sentiment 2025 appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
Explore how culture, ideology, and group norms influence economic behavior in ways that go beyond standard behavioral finance models. The post Book Review: Irrational Together appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
Hong Kong's IPO market reasserts its role as the gateway for Mainland China listings, offering investors new access but persistent concentration risk. The post Hong Kong’s IPO Boom: Gateway or Risk Trap for Investors? appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
Readers and investors will learn how to turn charitable giving into a strategy to save on taxes, maximize charitable impact, and give smarter. The post Book Review: The Tax-Smart Donor: Optimize Your Lifetime Giving Plan appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
Markets can mimic peacock mating as flashy signals seduce capital while real economic fitness risks are ignored until reality bites. The post Financial Selection and Investor Herding: Lessons from Evolutionary Biology appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
Tokenized money market funds promise faster settlement and flexibility but face hurdles in scale, regulation, interoperability, and true market adoption. The post Tokenized Money Market Funds Emerge, Piloted by Industry Big Whigs appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
EBITDA can mask CAPEX risks. Monitoring capital allocation is key to spotting whether investments create cash flow or quietly drain value. The post Hiding in Plain Sight: Accounting for Capex appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
As policymakers weigh semiannual earnings, data suggest quarterly reports still give investors vital insight. The post Quarterly Earnings: Signal vs. Noise, Cost vs. Benefit appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
History of Fed easing cycles shows how cuts, hikes, and yield curves shape markets and style factors, offering late-cycle lessons for investors. The post When the Fed Cuts: Lessons from Past Cycles for Investors appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
Emotional biases can distort risk profiling. Advisors who coach investors through them help build resilience and better long-term outcomes. The post Coaching Investors Beyond Risk Profiling: Overcoming Emotional Biases appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
Private credit funds with ties to local European markets can look to underserved lower mid-market enterprises to generate alpha.| CFA Institute Enterprising Investor
Book review: Charles Ellis’s Rethinking Investing offers timeless lessons on savings, index funds, and long-term investing success. The post Book Review: Rethinking Investing: A Very Short Guide to Very Long-Term Investing appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
In a world where supply chains are vulnerable, rare earths are more than a commodity story. They are a portfolio strategy for managing geopolitical risk. The post The Geopolitical Hedge Investors Overlook: Rare Earths appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
Investors can cut through the hype: 5 critical conversations reveal whether asset managers’ AI improves performance or masks old strategies. The post 5 Conversations to Test Whether Your Asset Manager’s AI Adds Value appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
Private equity’s leverage, opacity, and continuation vehicles raise systemic risks that may erode returns and complicate portfolio management. The post Private Capital and Systemic Risk appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
Why MENA’s markets remain fragmented, and what integration could mean for investors, growth, and regional opportunity. The post The MENA Investment Puzzle: Why Regional Integration Still Eludes Capital Markets appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
Why did puttable bonds vanish? This piece explores the gap between rights and power, and why markets rejected a contract without control.| CFA Institute Enterprising Investor
Nonprofit portfolios underperform. A clear investment philosophy may be the key to breaking the cycle.| CFA Institute Enterprising Investor
Explore Mike Harmon's expert guide to financial restructuring tools, distressed debt, and bankruptcy strategies for investors and practitioners. The post Book Review: The Financial Restructuring Tool Set appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
Uncover how idle capital distorts private equity returns and why measuring what’s actually put to work gives investors a truer picture of performance.| CFA Institute Enterprising Investor
How is GenAI-generated synthetic data helping investment teams simulate markets, boost sentiment models, and extend insight beyond real-world limits? The post How GenAI-Powered Synthetic Data Is Reshaping Investment Workflows appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
How over-diversification and redundant active management created a monstrous inefficiency in US public pension investing—at taxpayers’ expense. The post Frankenstein’s Index Fund appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
No asset is truly safe. But diversifying into steady, low-volatility stocks can help investors lose less—and stay invested for the long run.| CFA Institute Enterprising Investor
For global investors, the signal is clear: Africa’s moment is here. The only question is, will you be part of building it? The post Private Markets, Public Promise: Africa’s Investment Inflection Point appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
Surprise, surprise. Contrary to conventional wisdom, the bond market may be taking its risk cues from equities. At least, that appears to be the case when fluctuations in the two major volatility indices are compared. Equity investors often look to the CBOE Volatility Index (VIX) as a gauge of fear or future uncertainty in the […] The post Volatility Signals: Do Equities Forecast Bonds? appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
Explore historical bear markets to decode recession risk, valuation impact, and which investment styles perform best in downturns and recoveries.| CFA Institute Enterprising Investor
AI disruption, portfolio shifts, and timeless lessons—these blogs topped the charts in Q2.| CFA Institute Enterprising Investor
Phillip Toews challenges traditional portfolio construction, helping advisors build resilient strategies and coach clients through risk and bias.| CFA Institute Enterprising Investor
Can capitalism save the planet? Tom Steyer makes the case in this urgent, optimistic roadmap to a net-zero future.| CFA Institute Enterprising Investor
Explore red flags in private markets as speculative excess, retail marketing, and valuation risks mount. Lessons from financial history.| CFA Institute Enterprising Investor
Investors betting on a near-term plunge in interest rates may be mistaking political theater for monetary policy reality. President Donald Trump’s renewed pressure on Federal Reserve Chair Jerome Powell has stirred speculation in the bond and futures markets. But history — and Powell’s own posture — suggest that such expectations are misplaced. Past confrontations between […]| CFA Institute Enterprising Investor
This post explores the growing wave of financial distress among US healthcare providers and reveals how financial governance failures can quickly erode investor value.| CFA Institute Enterprising Investor
Explore a new approach to replicating private equity returns with daily liquidity, combining futures, dynamic asset allocation, and risk management overlays.| CFA Institute Enterprising Investor
Discover how advanced AI prompting and model selection are reshaping investment analysis—and why mastering these tools is essential for staying competitive.| CFA Institute Enterprising Investor
Finance teams play a vital role in cross-border healthcare M&A. This blog offers a framework for driving integration success through strategic finance.| CFA Institute Enterprising Investor
History, valuation metrics, and macro conditions point to an approaching comeback for small-cap stocks.| CFA Institute Enterprising Investor
In light of the uncertainty dominating today’s markets and headlines, it’s worth revisiting some of the behavioral pitfalls that have tripped up investors for centuries.| CFA Institute Enterprising Investor
For financial analysts and investors, the rise of defense spending in Europe is more than a policy shift -- it’s a structural re-rating of risk and opportunity across the continent.| CFA Institute Enterprising Investor
The year is unfolding beneath the weight of mounting geopolitical risks and structural divergences, The challenge for investors isn’t just to react, but to interpret, prepare, and adapt.| CFA Institute Enterprising Investor
Rebalancing may help portfolios stay on target, but its predictability comes at a cost.| CFA Institute Enterprising Investor
Endowments heavily invested in alternatives are falling well behind low-cost indexed portfolios.| CFA Institute Enterprising Investor
This quarter's top reads reveal what's capturing the attention of investment professionals.| CFA Institute Enterprising Investor
Modern portfolio theory has taught professional investors the benefits of diversification. Maybe it is time to diversify in a more intentional way to reduce extreme market concentration.| CFA Institute Enterprising Investor
Discover how cutting-edge academic research becomes real-world investment strategy and explore award-winning insights from the Hillsdale–CFA Society Toronto Research Award.| CFA Institute Enterprising Investor
DFA’s David Booth on building portfolios—and an industry—on data, not dogma.| CFA Institute Enterprising Investor
Singapore’s proposal to democratize private markets signals a shift in retail investing—raising opportunities and risks for investors, managers, and regulators.| CFA Institute Enterprising Investor
Search funds stand out as a valuable alternative asset class, offering diversification, alpha potential, and operational upside in underserved markets.| CFA Institute Enterprising Investor
Private credit's accelerated growth raises critical questions about liquidity, transparency, and systemic risk.| CFA Institute Enterprising Investor
Think +1,000-bps high yield spreads are history? Marty Fridson shows why they could still hit that mark in the next recession.| CFA Institute Enterprising Investor
Learn how tariff-related inflation shocks ripple through markets—and which assets have historically helped investors navigate the turbulence.| CFA Institute Enterprising Investor
The US downgrade won’t upend markets—but it may reshape sovereign risk models and investor assumptions. Here’s what to watch next.| CFA Institute Enterprising Investor
What 150 years of market data reveal about tariffs, growth, and investment returns—and how equity factors have historically delivered resilience.| CFA Institute Enterprising Investor
This collection of quotes from US financial history offers timeless lessons in vice, virtue, and investing wisdom for every generation.| CFA Institute Enterprising Investor
Oxford professor Ludovic Phalippou challenges the private equity status quo in a candid discussion on performance, transparency, and the future of the industry.| CFA Institute Enterprising Investor
A leaked AI system prompt reveals hidden biases in Claude’s outputs. What every investment professional should know about using LLMs effectively.| CFA Institute Enterprising Investor
Successful investing isn’t just about numbers. It’s about aligning strategy with the stories people believe about their future.| CFA Institute Enterprising Investor
Commemorating Warren Buffett’s legacy and the Financial Analysts Journal’s 80th Anniversary through the lens of the award-winning article, “Buffett’s Alpha.”| CFA Institute Enterprising Investor
The headlines say active management is dead—but it’s quietly reshaping itself into SMAs, model portfolios, and personalized strategies wrapped in passive clothing.| CFA Institute Enterprising Investor
Mark Rieder’s Reminiscences of a Bond Operator is a hands-on guide to corporate bond analysis, fixed-income portfolio construction, and navigating today’s evolving private credit landscape.| CFA Institute Enterprising Investor
Discover how new US tariffs could accelerate AI adoption, reshape American industry, and unlock long-term investment opportunities amid economic disruption.| CFA Institute Enterprising Investor
Here’s a curated look at where institutional investing is under strain—and where forward-looking strategies offer paths to improve performance, oversight, and alignment.| CFA Institute Enterprising Investor
As the equity risk premium declines, alpha becomes critical. Discover how investors can adapt through factor strategies and global diversification.| CFA Institute Enterprising Investor
Can generative AI eliminate post-earnings announcement drift (PEAD) — or just reshape it? Explore how this emerging technology could redefine market efficiency.| CFA Institute Enterprising Investor
Note to financial advisors: It’s time to embrace the norm effect and rethink how we influence investment decisions.| CFA Institute Enterprising Investor
Endowments have long been considered elite investors, but outdated strategies and skyrocketing costs are eroding their edge| CFA Institute Enterprising Investor
Insitutional investors who have doggedly pursued active management should heed the advice of tennis great Bill Tilden: “Never change a winning game; always change a losing one.”| CFA Institute Enterprising Investor
Rather than running away from illiquidity, investment professionals, investors, and regulators alike should recognize its potential benefits and consider a more balanced approach.| CFA Institute Enterprising Investor
To understand what private equity is at its worst is a call to action, personally and professionally.| CFA Institute Enterprising Investor
