Further your examination of private equity by exploring this literature review - https://lnkd.in/eCfXv4PZ Please follow the RF Showcase page here: https://lnkd.in/e66zSKD Download and share RF content (free to all): https://lnkd.in/emhTTi5 Explore the Investment Data Alliance: https://lnkd.in/dwJ53aez #cfainstitute #privateequity #alternativeinvesting
CFA Institute Research Foundation
Investment Management
Charlottesville, Virginia 49,058 followers
Independent, practitioner-focused research with academic rigor but is easy to read. RF content is free to all.
About us
We are a non-profit whose mission is to fund, publish, and distribute comprehensive, high quality, independent research relevant to the global investment community. Currently published research projects include the equity risk premium, artificial intelligence, and the International Guide to Cost of Capital. We are also building out the Investment Data Alliance, a partnership between the Research Foundation and various data providers. All RF content is electronically available for free at https://www.cfainstitute.org/en/research/foundation and through Amazon, Apple and Google distribution platforms (some platforms charge a modest fee for the downloads). Hardcopies are available for purchase and complimentary hardcopies are sent to CFA Institute societies and various events where RF authors speak (contact rf@cfainstitute.org for details). Search Research Foundation content here: https://www.cfainstitute.org/en/research/foundation/publications
- Website
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https://www.cfainstitute.org/en/research/foundation
External link for CFA Institute Research Foundation
- Industry
- Investment Management
- Company size
- 501-1,000 employees
- Headquarters
- Charlottesville, Virginia
- Founded
- 1965
- Specialties
- Investment Research for the Practitioner, All Content Available Electronically for Free, RF Content Has Academic Rigor but is Easy to Read, Publishing Monographs, Literature Reviews and RF Briefs, and Part of CFA Institute
Updates
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Interested in learning more about infrastructure debt? This will help - https://lnkd.in/evnFAecu Please follow the RF Showcase page here: https://lnkd.in/e66zSKD Download and share RF content (free to all): https://lnkd.in/emhTTi5 Explore the Investment Data Alliance: https://lnkd.in/dwJ53aez #cfainstitute #investing #alternativeinvesting
Nick Cleary on Infrastructure Debt
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What is the future of Alternative Credit? Find out here - https://lnkd.in/eZQf8Vsn Please follow the RF Showcase page here: https://lnkd.in/e66zSKD Download and share RF content (free to all): https://lnkd.in/emhTTi5 Explore the Investment Data Alliance: https://lnkd.in/dwJ53aez #cfainstitute #investing #alternativeinvesting
Mike Dowdall on the Future of Alternative Credit
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Interested in learning more about Venture Debt? Then check out this episode of the Financlal Thought Exchange - https://lnkd.in/eT88gvpA Please follow the RF Showcase page here: https://lnkd.in/e66zSKD Download and share RF content (free to all): https://lnkd.in/emhTTi5 Explore the Investment Data Alliance: https://lnkd.in/dwJ53aez #cfainstitute #investing #alternativeinvesting
Zack Ellison on Venture Debt
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New from the Research Foundation: https://lnkd.in/e-DU3zrS "Describing the risks of an opportunity set of investments using only returns and covariances, which is common in approaches such as mean–variance optimization, implies that returns are independent (or random) across time. In reality, investments have historically exhibited varying levels of serial dependence, where the returns evolve nonrandomly for individual investments (i.e., autocorrelation) and across investments. This paper explores how the optimal allocation to equities, the value and small factors, and commodities has varied for different holding periods using actual historical time-series data, where optimal portfolios are determined using a utility function assuming constant relative risk aversion. The analysis demonstrates that optimal allocations can vary materially across investment periods, especially for more risk-averse investors who are concerned with inflation risk (e.g., retirees). Therefore, investment professionals need to actively consider serial dependence when building portfolios for clients to ensure these portfolios are best aligned to help clients accomplish their goals." Please follow the RF Showcase page here: https://lnkd.in/e66zSKD Download and share RF content (free to all): https://lnkd.in/emhTTi5 Explore the Investment Data Alliance: https://lnkd.in/dwJ53aez #cfainstitute #investing #retirement
Investment Horizon, Serial Correlation, and Better (Retirement) Portfolios
rpc.cfainstitute.org
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Great interview with the authors of Lifetime Financial Advice - https://lnkd.in/eAESU8tr Publication here - https://lnkd.in/eA-Egx_Y Please follow the RF Showcase page here: https://lnkd.in/e66zSKD Download and share RF content (free to all): https://lnkd.in/emhTTi5 Explore the Investment Data Alliance: https://lnkd.in/dwJ53aez #cfainstitute #investing #retirement
Tom Idzorek & Paul Kaplan on Lifetime Financial Advice
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With all the challenges in the Middle East, this is another re-read: https://lnkd.in/eRapa5Up #cfainstitute #middleeast #investing Please follow the RF Showcase page here: https://lnkd.in/e66zSKD Download and share RF content (free to all): https://lnkd.in/emhTTi5 Explore the Investment Data Alliance: https://lnkd.in/dwJ53aez
Middle East Capital Markets: Challenges and Opportunities
rpc.cfainstitute.org
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Re-reading this one again - https://lnkd.in/e7pxZ-dT #cfainstitute #geopolitics #risk Please follow the RF Showcase page here: https://lnkd.in/e66zSKD Download and share RF content (free to all): https://lnkd.in/emhTTi5 Explore the Investment Data Alliance: https://lnkd.in/dwJ53aez
Geo-Economics: The Interplay between Geopolitics, Economics, and Investments
rpc.cfainstitute.org
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New from the Research Foundation - https://lnkd.in/g2my2b9c "The cost of capital is a critical input used in income approaches to equate the future economic benefits (typically measured by projected cash flows) of a business, business ownership interest, security, or intangible asset to present value. The income approach is most often applied through a discounted cash flow (DCF) model. A basic insight of capital market theory, that expected return is a function of risk, still holds when dealing with cost of equity capital in a global environment. Estimating a proper cost of capital (i.e., a discount rate) in developed countries, where a relative abundance of market data and comparable companies exist, requires a high degree of expertise. Estimating cost of capital in less-developed (i.e., “emerging”) economies can present an even greater challenge, primarily because of lack of data (or poor data quality) and the potential for magnified financial, economic, and political risks. A good understanding of cost of capital concepts is, therefore, essential for making global investment decisions." #cfainstitute #investing #investments Please follow the RF Showcase page here: https://lnkd.in/e66zSKD Download and share RF content (free to all): https://lnkd.in/emhTTi5 Explore the Investment Data Alliance: https://lnkd.in/dwJ53aez
Valuation Handbook — International Guide to Cost of Capital: 2023 Summary Edition
rpc.cfainstitute.org
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Check out the great video where host Lotta Moberg discusses the article Harry Markowitz and the Philosopher’s Stone with authors Larry Siegel and Steve Sexauer - https://lnkd.in/gbCYNuHJ #cfainstitute #investing #portfoliomanagement Please follow the RF Showcase page here: https://lnkd.in/e66zSKD Download and share RF content (free to all): https://lnkd.in/emhTTi5 Explore the Investment Data Alliance: https://lnkd.in/dwJ53aez
Laurence Siegel & Stephen Sexauer on Remembering Harry Markowitz, the Father of Modern Finance
https://www.youtube.com/