The Total Portfolio Approach (TPA)
A Practical Guide for Navigating the Transition to TPA Learn MoreRecently Published
The Algorithmic Market Hypothesis: Information Efficiency in the Age of AI
By Joe Simonian, PhD
Conflicts of Interest in Continuation Funds
With Stephen Deane, CFA, Senior Director Capital Markets Policy
Total Portfolio Approach: A Critical Literature Review
By Redouane Elkamhi and Jacky S.H. Lee
Conversations with Frank Fabozzi, CFA, Featuring Francesco Fabozzi
Francesco Fabozzi, PhD, Research Director Yale School of Management's International Center for Finance
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
Artificial Intelligence and the Future of Finance: A Framework for Structural Change
This report addresses how artificial intelligence could reshape finance by changing how investors process information, allocate capital, manage risk, define professional skill, and preserve accountability in an increasingly automated system.
Industry Future
The Total Portfolio Approach (TPA): A Practical Guide for Navigating the Transition to TPA
Explore the total portfolio approach (TPA), its advantages over traditional asset allocation, and the governance, culture, technology, and leadership needed for adoption. Learn from leading asset owners and gain practical guidance for transitioning to TPA.
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
Most Asset Managers Already 'Use AI.' Few Turn It Into Alpha
AI is transforming investment management, but adopting the technology alone won't generate alpha. Michael Schopf, CFA, shows how investors can use AI to strengthen analysis, improve decision-making, and gain a sustainable competitive edge.
Can AI Decode Not Just What Management Says, but How They Say It?
Can AI detect what traditional earnings analysis misses? EarningsIQ analyzes both earnings call transcripts and executives' vocal tone to assess management confidence. Developed by a team of students from Heriot-Watt University and the University of Glasgow in the inaugural CFA Institute AI Investment Challenge, the platform demonstrates how explainable AI can help investors uncover deeper insights.
Stablecoins and the Future of Treasury Markets
Stablecoin issuers are no longer just participants in crypto markets, they're becoming influential players in US short-term funding markets. Baxter Hines, CFA, examines how their growing demand for Treasury bills could reshape liquidity, money markets, and the outlook for fixed-income investors.
More
Conflicts of Interest in Continuation Funds: Part II in a Series on Ethics in Private Markets
Unlocking AGMs: From Votes to Voice in Asia-Pacific
Financial Analysts Journal, Third Quarter 2026, Vol. 82, No. 3
The Equity Risk Premium
Private Credit: Market Structure, Fund Design, and Retail Access
Conversations with Frank Fabozzi, CFA, Featuring Francesco Fabozzi
Infrastructure Debt: Alternative Credit to Finance the Future
