26 August 2025| CFA Institute Enterprising Investor
From tokenized FX trades to stablecoin transfers, blockchain’s shift from pilot to practice is changing how capital moves across borders. The post Blockchain in FX and Remittances: From Pilot to Portfolio Impact appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
What a US sovereign wealth fund means for markets: state-backed capital reshaping risks and opportunities across key industries. The post Intel, TikTok, and a US Sovereign Wealth Fund: What It Means for Investors appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
Finance rewards those who adapt, not those who cling to formulas. Master fundamentals, embrace changes, and let adaptability be your compass. The post Adapt to Lead: Career Lessons from Kam Shing Kwang, CFA appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
Key risk indicators help investment teams spot trouble early and stay aligned with strategy, making risk a tool for performance The post Navigating the Future of Risk Functions: Key Risk Indicators appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
This memoir, written by one of the most decorated research analysts in recent decades, will appeal to all finance practitioners and energy industry specialists. The post Book Review: Can’t Deny It appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
AI is reshaping portfolio construction. A real-world case study shows how machine learning enhances allocation, risk control, and performance. The post It’s Not Just What You Own, It’s How Much: Machine Learning and the Portfolio Construction Imperative appeared first on CFA Institute Enterprising Investor.| CFA Institute Enterprising Investor
Nonprofit portfolios underperform. A clear investment philosophy may be the key to breaking the cycle.| CFA Institute Enterprising Investor
What makes most investors believe that private capital funds are such clear outperformers? The use of since-inception internal rate of return (IRR) as the industry’s preferred performance metric and the media’s coverage of the sector are to blame.| 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
Can the shape of market moves predict FX stress? This post explores a new path-based approach to forecast volatility and manage currency risk.| 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
This chatbot-style tool allows investment analysts to query complex research materials in plain language without ever exposing sensitive data.| CFA Institute Enterprising Investor
Timely insights on portfolio risk, inflation hedging, and market cycles—grounded in financial history and written for investment decision-makers.| 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
Investment professionals can’t opt out of complexity, but they can opt into clarity.| 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
The market has stopped applauding good intentions and started testing whether companies can withstand the world's mess.| 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
This book fills a unique gap between the CFA curriculum and the growing demand to find model-driven investment management solutions.| 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
In our interconnected world, geopolitical events — ranging from trade disputes and regulatory shifts to conflicts and pandemics — capture headlines and influence market sentiments. As investment professionals, it’s crucial for us to understand these dynamics without losing sight of long-term client objectives. At CFA Institute, our role is clear: we educate financial professionals. We […]| CFA Institute Enterprising Investor
This book highlights a cross-section of issues relevant to the current state of alternative investments.| CFA Institute Enterprising Investor
Quality of Earnings: By approaching financials with this sharper lens, analysts can not only anticipate problems but also identify opportunities that align with long-term value creation.| CFA Institute Enterprising Investor
From mean variance optimization to net worth optimization. We no longer need to ask which is more important, the client’s attitude toward risk or the client’s capacity to take on risk.| CFA Institute Enterprising Investor
The dynamics of global capital flows are shifting. While the overall IPO market contracted last year, a closer look paints a more nuanced picture.| CFA Institute Enterprising Investor
This book digs into Buffett’s pre-Berkshire investments. The result is a fresh look into the origins of his investment approach.| CFA Institute Enterprising Investor
The debate over the inclusion of private investments in 401(k) plans is a hot topic. Are DC plans better off without them?| CFA Institute Enterprising Investor
As complex ML models become more prevalent in investment management, their tendency to overfit to specific historical conditions poses a growing risk to investment outcomes.| CFA Institute Enterprising Investor
Financial success depends on disciplined saving and investing, not fancy investment products and high returns.| CFA Institute Enterprising Investor
Does Germany's massive fiscal package mark the beginning of a lasting regime change or just another chapter in market volatility?| CFA Institute Enterprising Investor
By classifying products into commodity, luxury, or hybrid models, investors can identify durable competitive advantages.| CFA Institute Enterprising Investor
Investment professionals must carefully consider how shareholder loans and intangible assets influence financial ratios, as these factors materially shape the post-buyout financial landscape.| CFA Institute Enterprising Investor
Modeling climate risk remains one of the most challenging endeavors in risk management today.| CFA Institute Enterprising Investor
This post highlights inspiring stories from women who took calculated risks, reshaped their lives, and redefined success on their own terms.| CFA Institute Enterprising Investor
The opportunities for women in wealth management are abundant, driven by the demand for diverse perspectives, the changing demographics of wealth, and the push for inclusive workplace cultures.| CFA Institute Enterprising Investor
Navigating FX market volatility requires more than traditional analysis. Liquidity-aware models and machine learning techniques can provide an edge in detecting and forecasting abnormal returns.| CFA Institute Enterprising Investor
Hedge funds can serve as legitimate diversifiers, but blind allocation is risky. Traditional risk measures like standard deviation and correlation don’t always capture the full picture.| CFA Institute Enterprising Investor
As market conditions, workforce demographics, and regulatory landscapes evolve, continuous assessment and strategic decision-making will be key for DC plan success.| CFA Institute Enterprising Investor
Does the PEG ratio provide meaningful insights for broad market trends?| CFA Institute Enterprising Investor
This blog explores the mechanics of bank runs -- why they happen even in the absence of fundamental financial distress, and how central banks can intervene to stabilize the system.| CFA Institute Enterprising Investor
Our egos are hardwired to fall into the trap of confounding luck and skill. By recognizing the role of chance and reinforcing analytical discipline, investment leaders can build more resilient strategies and teams.| CFA Institute Enterprising Investor
As the PE landscape evolves, investment professionals must understand how to correctly capture the full picture of a portfolio company’s performance.| CFA Institute Enterprising Investor
How can we design a financial system that integrates AI with human intelligence?| CFA Institute Enterprising Investor
The key to embracing risk? Balance prudence with action, preparation with confidence, and strategy with boldness.| CFA Institute Enterprising Investor
Ambition is a powerful driver of success, but without perspective, it can become a liability.| CFA Institute Enterprising Investor
For financial analysts, understanding bank liquidity risks is essential not just for assessing individual banks but also for evaluating broader market conditions.| CFA Institute Enterprising Investor
As family offices continue to expand, those who understand their complexities will be well-positioned to lead the next era of wealth management.| CFA Institute Enterprising Investor
Real assets' first test in modern times started in 2021. Did they perform as hoped?| CFA Institute Enterprising Investor
Skill and alpha are scarce and difficult to obtain in the hedge fund market.| CFA Institute Enterprising Investor
Sébastien Page, CFA, shares the story of a grueling handball match that reshaped a competitor’s mindset and reveals how investment leaders can apply the same principles of mastery, resilience, and long-term success to their organizations.| CFA Institute Enterprising Investor
The days of due diligence as a box-checking exercise are over.| CFA Institute Enterprising Investor
Donald Chew delivers a love letter to unfettered capitalism and the financial system that oils the gears of commerce.| CFA Institute Enterprising Investor
Understanding the historical context of financial markets is crucial for investment professionals seeking to make informed decisions in today’s complex landscape. This exploration of historical dat…| CFA Institute Enterprising Investor
Discover the most-read financial insights of 2024, covering a range of topics including private markets, investment risks, and generational wealth. These popular articles showcase key trends and ex…| CFA Institute Enterprising Investor
“We don’t pay enough attention to the big obvious problems that are in front of us,” says Michele Wucker, the author who coined the term gray rhino. Investors should learn to iden…| 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
Explore a Bayesian approach to investing that updates beliefs with data, manages risk, and identifies market mispricing.| 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
Penman and Pope refine classic value investing through the lens of financial statements.| CFA Institute Enterprising Investor
Explore how AI is reshaping investment management through augmentation, strategic insight, explainability, and evolving investor competencies.| CFA Institute Enterprising Investor
D3 RINs reveal clean fuel bottlenecks and investor risks as tight supply, rising mandates, and policy shifts drive up prices in the energy transition.| CFA Institute Enterprising Investor
Brendan Ballou presents a meta-analysis of the worst of private equity investment practices, thus compelling investors to take a deeper look into their illiquid private equity commitments.| CFA Institute Enterprising Investor
Private credit's accelerated growth raises critical questions about liquidity, transparency, and systemic risk.| CFA Institute Enterprising Investor
This post examines the potential consequences of coordinated dollar depreciation today -- from FX volatility and insurance risk to broader macroeconomic impacts.| CFA Institute Enterprising Investor
From Europe’s steelmakers to global EV producers, "pet industries" rely on state support to survive, but as political winds shift, their future looks increasingly fragile.| 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
Women investors are redefining alternatives with bold leadership, values-driven decisions, and long-term impact.| 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
