Book Review: The Paradox of Debt
The Paradox of Debt: A New Path to Prosperity without Crisis. 2023.…
Harvesting Equity Premia in Emerging Markets: A Four-Step Process
Until recently, emerging market (EM) equities were among the darlings of the…
Portfolio Confidential: Five Common Client Concerns
For the past three years, I’ve written a monthly column for Canadian…
Private Capital: Lessons from the Conglomerate Era
Global private capital firms are charting a well-traveled course. With their sprawling…
A Mixed Outlook? The Banking Sector and Its Three Key Drivers
The latest earnings results for banks include words like “record,” “outstanding,” and…
The Alpha Capture Ratio: Rising Interest Rates Mean Pricier Alpha
The rapid ascent of the federal funds rate from near 0% in…
ChatGPT and Large Language Models: Syntax and Semantics
For more on artificial intelligence (AI) in investment management, check out The Handbook…
The Auto Sector’s Green Transition: Three Roads to Lower Returns?
Three investment return trends related to the green transition concern me. These…
Small Caps: Party Like It’s 2000?
The legendary musician Prince exhorted us to “Party like it’s 1999,” but…
How Do Performance Metrics Correlate? Might Fund Managers Cherry-Pick?
Portfolio managers report their risk-adjusted performance using Sharpe, Treynor, information, and Sortino…
