After the announcement of Panera’s deal to be taken private by JAB Holdings in April 2017, the company was quick to tout the benefits of exiting the public markets.
The overall purpose of performance measurement is to help us select an investment and provide ongoing information about how our investment is doing so we can make good decisions
When creating the CFA exam, there’s a natural tendency to simplify so that participants from different backgrounds can all gain an understanding of multiple areas of finance.
If you’re reading this, you may be thinking about the CFA® designation and what it can do for your career. Or you might already be a candidate pursuing the charter.
Alternative Risk Premia (ARP) portfolios have started to supplant hedge fund investments in institutional portfolios. Perceived lower cost, better liquidity, and improved transparency have diverted assets or created new demand within the alternative space. As part of the move toward factor investing, we will discuss what ARPs are and their pros and cons for investors.
The complete time horizon for most investors follows a common path; initially, there’s an “accumulation” phase in which positive cash flows are added periodically to their portfolio’s balance, and later, a multiyear “distribution” phase in which cash flows turn negative and withdrawals are made to support the investor’s income needs in retirement.
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