2025 Graham and Dodd Award Winners
Celebrating the Financial Analysts Journal’s most outstanding research and financial writing Learn MoreRecently Published
Five Financial Eras: How Financial Markets Transformed the World
By Bryan Taylor, PhD, Chief Economist at Global Financial Data
Quantum Computing Basics for Finance - Part 1 of 3
With Oswaldo Zapata, PhD, co‑founder of the Quantum Finance Boardroom & contributor to the CFA Institute Research Foundation monograph AI in Asset Management.
Big Data Meets the Turbulent Oil Market
By Charles W. Calomiris , Nida Çakır Melek and Harry Mamaysky
The Future Investment Professional: Skills for the Digital Era
With Brian Pisaneschi, CFA Senior Investment Data Specialist, Mike Chen Head of Next-Gen Research, Robeco, and Iro Tasitsiomi , PhD Head of AI & Investments Data Science, T. Rowe Price
Thematic Content
Capital Markets
Mercer CFA Institute Global Pension Index 2025
This report rates global pension systems, recommending reforms to improve outcomes and participant trust in an era of aging populations and increasing government intervention.
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
A Comprehensive Guide to ETFs (2nd Edition): Module 1: ETF Features and Evolving Landscape
This first of three modules of an updated CFA Institute Research Foundation guide explores the properties, benefits, mechanics, and history of exchange traded funds (ETFs). It describes the factors behind ETF’s exponential growth and evaluates the U.S. ETF landscape.
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
AI Strategy After the LLM Boom: Maintain Sovereignty, Avoid Capture
Yann LeCun’s testimony to a UK parliamentary artificial intelligence (AI) group this week raises questions investment leaders cannot ignore, from AI sovereignty and platform control to the organizational risks of LLM-centric investment. Dan Philps, PhD, CFA, focuses on what those risks mean for AI governance, deployment decisions, and long-term organizational dependence.
Decoding CTA Allocations by Trend Horizon
This technical but practical analysis decomposes managed futures returns into fast-, medium-, and slow-trend horizons. For allocators, the framework offers a clearer way to diagnose overlap, benchmark more precisely, and align managed futures exposure with its intended role in the portfolio. By Eric Benhamou, PhD, Jean-Jacques Ohana, CFA, Béatrice Guez, and Thomas Jacquot, CFA.
Lincoln’s Blueprint for Ethical AI
Drawing on Abraham Lincoln’s views on innovation, law, and human dignity, Doug Ryder and Sameer Somal, CFA, explore how ethical restraint, transparency, and human judgment must guide AI adoption. For investors and business leaders, it offers a historically grounded lens on why responsible AI governance is essential to sustainable value creation.
More
Agentic AI For Finance: Workflows, Tips, and Case Studies
Alternative Credit: The Rise of Consumer Lending
Explainable AI in Finance: Addressing the Needs of Diverse Stakeholders
Continuation Funds: Ethics in Private Markets, Part I
Financial Analysts Journal, Fourth Quarter 2025, Vol. 81 No. 4
Conversations with Frank Fabozzi, CFA, Featuring Jason Zweig
Private Market Investing
