ChatGPT and the Future of Investment Management
Larry Cao, CFA, is the editor of The Handbook of Artificial Intelligence and Big Data Applications in Investments, from the CFA Institute Research Foundation. I committed to writing something about…
The FX Global Code: Why Now Is the Time
Not for syndication. This article cannot be republished without the express permission of RBC Global Asset Management Inc. What if I told you that the largest, most liquid market in…
Agency Capitalism in Private Markets: Who Watches the Agents?
Capitalists once invested and administered their own money. But beginning in the late 19th century, independent managers progressively took charge, first of the businesses to which the capital was tied…
Decoding the Crypto Mindset with NLP: Bitcoin, Reddit, and FTX
The Bubble That Popped But Didn’t Deflate When financial bubbles burst, they usually, you know, burst. So, when the FTX crypto exchange collapsed last November, many crypto skeptics expected bitcoin…
Can Tracking Error Boost Index Funds’ After-Tax Returns?
Investors tend to view an index fund’s tracking error in a purely negative light. When a fund fails to track its benchmark especially well, investors’ assumption is that the fund…
Ashton Kutcher: VC career lets me choose ‘fun’ roles
Netflix’s latest cozy romcom hasn’t gone down fantastically well with critics. Rolling Stone said the leads, Ashton Kutcher and Reese Witherspoon, have “zero” chemistry, while Rotten Tomatoes’ “Tomatometer“—which measures critics’…
Presidential Election Cycle Theory: A Bullish 2023?
This year, 2023, is the heralded third year of the presidential election cycle. It has kicked off with nervous markets eyeing political drama in Washington, DC: contentious votes to elect…
Redefining the Retirement Income Goal
The following is based on “Redefining the Optimal Retirement Income Strategy,” from the Financial Analysts Journal. Financial planning tools largely assume retirement spending is relatively predictable, that it increases annually…
Book Review: The Enduring Value of Roger Murray
The Enduring Value of Roger Murray. 2022. Paul Johnson and Paul D. Sonkin. Columbia Business School Publishing. Who among us does not know the contributions of Benjamin Graham and David…
Splitting the Risk: How to Manage Interest Rate Risk in Project Finance
Saudi Arabia’s economy is surging. The debt market tells the story: Banks in the Kingdom have extended more than SAR 2.2 trillion — that’s $587 billion in US dollars — in credit…
