The Total Portfolio Approach (TPA)
A Practical Guide for Navigating the Transition to TPA Learn MoreRecently Published
Conversations with Frank Fabozzi, CFA, Featuring Francesco Fabozzi
Francesco Fabozzi, PhD, Research Director Yale School of Management's International Center for Finance
Total Portfolio Approach: A Critical Literature Review
By Redouane Elkamhi and Jacky S.H. Lee
Chinese Investors: Understanding China’s Next Generation of Wealth
By Jacob Su, includes an added "Personas at a Glance" supplement by Jacob Su and James Tait
Clicks and Credibility 2.0: From Influence to Accountability, Disclosures, and Policy Impact
By Gaurav Kapur, CFA, Pankaj Sharma, Urav Soni, and Harsh Garg
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
The New SEC Semiannual Reporting Proposal
The SEC’s semiannual reporting proposal has drawn strong investor opposition over transparency concerns. Matthew Winters, CFA Institute Senior Director, Financial Reporting Policy Advocacy – Corporate Disclosures & Information, explores why some large companies favor the move and how it could reshape corporate disclosure.
Why Yesterday's Market Rules Don't Always Apply Today
From Treasury yields to gold prices, this article from Navneeth Krishna Mohan explores how changing macro conditions can overturn seemingly ironclad market relationships.
The Self-Driving Portfolio: Promise, Pitfalls, and the Practitioner Gap
Could AI run an institutional portfolio on its own? Irina Bevza, PhD, CFA acknowledges that the self-driving portfolio is coming, but research on multi-agent systems suggests investors should keep a hand on the wheel for the moment.
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
