Factor Portfolios and Cap-Weighted Benchmarks: Bridging the Tracking Error Gap
uttu Despite a brief return to normalcy in 2022, equity factor strategies have experienced performance challenges relative to cap-weighted…
Investment
Commercial Real Estate Today: An Overview
Our primer on commercial real estate (CRE) investing explored the core components of real estate investing decisions. But…
Book Review: The Worth of Art
The Worth of Art: Financial Tools for the Art Markets. 2023. Arturo Cifuentes and Ventura Charlin. Columbia University…
The Predictive Power of the Yield Curve
“ur mind is strongly biased toward causal explanations and does not deal well with ‘mere statistics.’” — Daniel…
When Hindsight Becomes Foresight: Replicating Investment Performance
Introduction We have analyzed dozens of public and private market investment strategies, such as merger arbitrage and private…
Fed Independence Tested, but Investors Shouldn’t Expect a Pivot
Investors betting on a near-term plunge in interest rates may be mistaking political theater for monetary policy reality.…
Fed Chair Congressional Testimony: Has the Market Played Favorites?
Stock investors loved Alan Greenspan because the policies he pursued during his tenure as chair of the US…
ESG Affirmations and Surprises: Asset Managers Look to the Future
The progression of ESG investing in the global asset management community continues to be a source of fascination…
Resistance Training: Testing Market Resilience
Markets were generally buoyant in June and July as participants focused on the positives and largely ignored higher…
Commercial Real Estate Today: A Four-Sector Outlook
Now that individual investors can access direct real estate investments, what should they keep in mind regarding the…