Book Review: The Worth of Art
The Worth of Art: Financial Tools for the Art Markets. 2023. Arturo Cifuentes and Ventura Charlin. Columbia University Press. “Sorry, but we do not have a magical equation for predicting…
Commercial Real Estate Today: An Overview
Our primer on commercial real estate (CRE) investing explored the core components of real estate investing decisions. But what about CRE investing in the current environment? How has the post-pandemic…
Factor Portfolios and Cap-Weighted Benchmarks: Bridging the Tracking Error Gap
Despite a brief return to normalcy in 2022, equity factor strategies have experienced performance challenges relative to cap-weighted indexes since the COVID-19-induced market crash of 2020. While there are many…
Come Together: M&A Trends in Canada
Hookups just aren’t what they used to be. The worldwide value of mergers and acquisitions dropped to around US$1.22 trillion at the end of June 2023, down from US$2 trillion…
The 800-Pound Gorilla: Office Real Estate
What’s the outlook for the office real estate sector and regional banks? In “Sonny Kalsi: Navigating Bank Failures and Commercial Real Estate Holdings,” a Guiding Assets podcast from CFA Institute,…
Global Supply Chain Transformation: Uncertainty and Opportunity
Economic data reflect global supply chain restructuring. Nearly two years into the regionalization, nearshoring, re-shoring, and “friend-shoring” of the global supply chain restructuring process, US and overseas economic data are…
Distressed Debt: Which Sectors Offer Value?
Each cycle in distressed debt investing is different. During the global financial crisis (GFC), many otherwise viable companies faced a liquidity crisis. Prior to that, as the tech bubble burst…
A Global Proxy Voting Database: An Idea Whose Time Has Come?
The proxy voting system has taken on added importance amid growing interest in environmental, social, and governance (ESG) issues and how investors vote on related shareholder proposals. Institutional Shareholder Services…
Stressed and Distressed Credit: Risk and Reward
What is the current outlook for investors in today’s credit market? Interest rates had been in secular decline since the 1980s. In the aftermath of the global financial crisis (GFC),…
Book Review: What I Learned about Investing from Darwin
What I Learned about Investing from Darwin. 2023. Pulak Prasad. Columbia University Press. Investment professionals know that there is no substitute for hours of in-depth textbook study combined with an…
