Articles & Whitepapers

Articles and whitepapers were published in CFA Institute’s Investment Risk and Performance Newsletter. In these writings I explore asset class risk factors and return drivers, performance comparison and benchmark analysis, and manager due diligence.

ESG AND SUSTAINABLE INVESTING

Sustainable Investing:  Reducing Risk to Create Alpha

Indexes Sprout Up as Green Bonds Take Root

Corporate Governance and ESG: An Introduction; CFA Exam 2018 Level I Curriculum

 

INVESTING TRENDS

Factor Investing – When Alpha Becomes Beta

GTAA: One Strategy Fits All?

Benchmarking the Benchmark Agnostic

 

EQUITIES

Active Share Adds Value in Search for Alpha

Understanding the Risks in Alternative Beta Indices

Identifying Risks and Opportunities in Frontier Markets

 

FIXED INCOME

Understanding Fixed-Income Benchmark Risk

Identifying Biases in High-Yield Bond Performance

The Evolution of Emerging Market Debt

Shedding Light on Unconstrained Bond Funds

Shedding Light on Fixed Income Performance Attribution

 

ALTERNATIVE INVESTMENTS

Deciphering the Biases in Hedge Fund Indices

Manager Due Diligence – Searching for Alpha in Private Equity

The Evolving Landscape in Global Real Estate Investing

Direct Lending Evolves into an Asset Class

Managing the Complexities of Investing in Commodities

 

COMPETITIVE ANALYSIS AND MANAGER EVALUATION

The Sharpe Ratio and the Information Ratio

The Treynor Ratio and Jensen’s Alpha

The Sortino Ratio:  Is Downside Risk the Only Risk That Matters

Risk-Adjusted Performance Measures:  A Case Study

Assessing Manager Risk:  Looking beyond the Numbers

The New Era of Manager Due Diligence

Value at Risk and Conditional Value at Risk:  A Comparison