Recently Published
EBITDA, EBITA, or EBIT?
By Doron Nissim, Columbia University Business School
When the Equity Premium Was New: How the Baleful Impact of Deflation Eluded E. L. Smith
By Edward F. McQuarrie
Investment Committees: Governance and Design Choices
By Bernhard (Bernd) Scherer
Don’t Blame Indexing for Your Problems
By Owen A. Lamont, Acadian Asset Management LLC
Thematic Content
Capital Markets
Understanding the Growth of Private Markets: Structural Shifts in the Investment Industry
Private markets now shape capital formation, portfolio construction, and financial stability. This report examines private markets’ growth, risks, and implications for investors, policymakers, intermediaries, and the investment profession.
Technology
AI in Asset Management: Tools, Applications, and Frontiers
Explore how AI and machine learning are reshaping asset management, with insights from leading practitioners and CFA Institute experts.
Industry Future
Next-Gen Investors: A Guide for Wealth Managers and Financial Advisers
This report explores how Gen Z and millennial investors are reshaping financial advice, including shifts in behavior, product demand, and how wealth managers can adapt.
Sustainability
Investment Innovations Toward Achieving Net Zero
CFA Institute Research and Policy Center has convened net-zero thought leaders and investment luminaries to break down the big ideas around achieving net zero. They provide practical guidance for investors, asset managers, investment professionals, and regulators.
Blogs
Late Payments Can Be an Early Warning Signal
Persistent late payments beyond contractual terms are more than an accounts payable issue, Jean Claude Rutayisireposits. They can signal governance weaknesses and liquidity stress that could erode enterprise value.
When "Non-Monetary" Fed Operations Move Markets
US Federal Reserve Treasury purchases labeled as operations rather than monetary policy may still affect volatility, asset valuations, and lending through reserve creation. Portfolio managers should monitor balance-sheet growth alongside policy rates, Victor Xing advises.
The Board-Lot Reckoning: Access, Liquidity, and Governance
Board-lot reform is reshaping how exchanges balance investor access, liquidity, and issuer control. For institutional investors, the implications center on what these changes mean for market structure, governance, and the future competitiveness of Asia's capital markets, maintains Monica Cheung, CFA.
More
Financial Analysts Journal, Second Quarter 2026, Vol. 82, No. 2
Infrastructure Debt: Alternative Credit to Finance the Future
Unlocking AGMs: From Votes to Voice in Asia-Pacific
Emotional Yields of Collectibles
Conversations with Frank Fabozzi, CFA, Featuring Sue Brake
Agentic AI For Finance: Workflows, Tips, and Case Studies
Continuation Funds: Ethics in Private Markets, Part I
