By: CFA Institute Contributor

These are articles written by professionals for investment professionals. They are contributions from external subject matter experts who do not work for CFA Institute, but may be a CFA charterholder as well as a member of a CFA Society. All are experts in their field and strive to deliver useful insights that help investment professionals make better decisions.

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Demand destruction? Two reasons to be sceptical

City Talk

Global central banks have made an ‘all-in’ effort to front-load monetary policy tightening to dampen demand. But softer economic data in the eurozone and United States have exacerbated recession fears. As the growth outlook dims, many anticipate demand destruction to lead to lower inflation. That is, tighter monetary policy and the associated higher funding costs [...]
New breed of private capital firms will face performance headwinds

City Talk

Under the private equity fundraising model, every few years fund managers secure capital commitments with a 10-year duration and charge management and advisory fees during the lock-up period. While longer-dated products have emerged over time, the basic pattern has remained essentially unchanged. Unfortunately, fundraising is cyclical. Downturns require patience: fund managers must wait until the [...]
The Inflation Game: War, Peace and the Perils of Central Banking

City Talk

The descent is always more sudden than the increase; a balloon that has been punctured does not deflate in an orderly way. — John Kenneth Galbraith I travelled with my family to London and Normandy in July 2022. Our primary purpose was to meet up in France with my father-in-law, who had dreamed of visiting the [...]

Your career in finance – what really counts

September 30, 2022

The finance industry is booming. With the purpose-driven gen-z entering the workplace, the finance industry provides an opportunity to make a difference whilst forging a professional career. The recent Future of Skills report published by CFA Institute digs into the priorities of employers and employees in the investment sector and the challenges the industry currently [...]
‘The Future of Money’: book review

September 26, 2022

Are cryptocurrencies the next big investment, a fad or a currency that will transform the economic and financial landscape? What are some of the advantages and shortcomings of digital currencies? Who will benefit from them? Eswar S. Prasad attempts to address these questions in The Future of Money: How the Digital Revolution Is Transforming Currencies [...]
Digital gold or fool’s gold: is crypto really a hedge against equity risk?

September 14, 2022

Crypto enthusiasts often claim that digital coins and tokens are uncorrelated with equities and can provide a safe haven amid stock market crashes. The assumption is that cryptoassets will act like “digital gold,” serving as a hedge against equity risk and helping investors ride out such downturns. Such bold claims beg for examination, especially amid [...]
Gritty business: the power of passion and perseverance

August 10, 2022

What’s more important to success — talent or effort? Most of us would say talent. But according to psychologist and best-selling author Angela Duckworth, most of us would be completely wrong. That’s one of the main takeaways from her book Grit: The Power of Passion and Perseverance. In an interview at Alpha Summit GLOBAL from [...]
The financial adviser value proposition: the five components

August 2, 2022

What can we do for our clients that they can’t do on their own? What can make us better at managing their money than they are? These aren’t always easy questions to answer as a financial adviser. But modesty aside, we need to be able to explain to potential clients how we can help them [...]
From No to Yes: persuading clients with the 3Ps method

July 26, 2022

Nobody likes rejection. This is why, over the years, I’ve developed a three-step process to transform situations from hopeless to hopeful. I call it the 3Ps approach: Perseverance, Perspective, Positivity. Let me give you some examples of how to put the 3Ps into action. Leaving by 7 pm Getting a table on a weekend at [...]
Scenario planning on the ‘net zero’ energy transition

July 19, 2022

For investment managers, prioritising one scenario over all others can have far-reaching consequences. This is especially true when it comes to the energy transition to ‘net zero’ greenhouse gas emissions – achieving a balance between carbon emitted into the atmosphere and carbon removed from it – quite literally a hot topic at present as a [...]

Bank of England interest rate cut ‘almost certain’ after poor growth

Lack of Welsh Lions shows stark reality of systemic failures

Noughts & Crosses at Regent’s park Open Air Theatre review

By: CFA Institute Contributor

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