This paper by CFA Institute helpfully summarises the evolution of public markets and public corporations with some conclusions about why there has been a shift from public to private capital formation. The authors close with policy recommendations designed to ameliorate issues raised.
Investors are afforded the opportunity to benefit from the diversification and risk-adjusted returns of international small cap equities. Active managers have a unique advantage when investing in…
The most useful advice I have ever heard about predicting Federal Reserve (Fed) policy came from Larry Summers, currently at Harvard, who has held nearly every senior government role imaginable with…
What are two of the most important things an investor needs to do to succeed? Howard Marks, CFA, offered his perspective.
