CFA Institute Research and Policy Center is a force for change in the global investment industry, transforming research insights into actions that strengthen markets, advance ethics, and improve investor outcomes for the ultimate benefit of society.
![city-with-purple-neon](/-/media/images/hero/StandardPage-Hero-Images/city-with-purple-neon.jpg?w=2560&hash=B0AAEBD3F334B2AAF7F2F49AB455B380)
Research
Delivering thought leadership, strategies, and best practices that guide the investment industry Browse All Content![top-of-building-with-pool](/-/media/images/cards/new-brand-cityscapes/top-of-building-with-pool.jpg?h=442&w=664&la=en&hash=AE864A5DF0FAA855CAAA64528C449EBE)
Survey Report
Private Markets: Governance Issues Rise to the Fore
![crosswalk-with-cards](/-/media/images/cards/new-brand-cityscapes/crosswalk.jpg?h=442&w=664&la=en&hash=26734D6AFC92844E964BC8219BD26C77)
Research Report
Unstructured Data and AI: Fine-Tuning LLMs to Enhance the Investment Process
![aerial-landscape-field](/-/media/images/cards/new-brand-landscape/aerial-landscape-field.jpg?h=498&w=664&la=en&hash=716D64ACEAF59DA1DED866C125659636)
Research Report
Navigating Transition Finance: An Action List
![Finfluencer Report](/-/media/images/hero/Homepage-Hero-Images/finfluencer-report.jpg?h=405&w=664&la=en&hash=158E0D037A8302012FD0CDA2EF8B5CC9)
Research Report
The Finfluencer Appeal: Investing in the Age of Social Media
Financial Analysts Journal
![woman-and-man-review-notes](/-/media/images/cards/new-brand-people-at-work/woman-and-man-review-notes.jpg?h=443&w=664&la=en&hash=E0793E147A2C449B61A1C8060A018C7E)
Financial Analysts Journal
Estimating Long-Term Expected Returns
![Smart Rebalancing](/-/media/images/cards/people/man-walking-across-down-tree.jpg?h=443&w=664&la=en&hash=3110BC9A36AD42827C01FB1CE6364334)
Financial Analysts Journal
Smart Rebalancing
![Stocks for the Long Run](/-/media/images/cards/custom/stocks-for-the-long-run.jpeg?h=374&w=664&la=en&hash=E6AFFC815B1CC5D35CC99D02DB8F42DA)
Financial Analysts Journal
Stocks for the Long Run? Sometimes Yes, Sometimes No
![FAJ Logo for Card module](/-/media/images/cards/Logos/FAJ-Lockup-cards.png?h=503&w=664&la=en&hash=64441A5B0B139F9F7A6F56B9594EFF2A)
Financial Analysts Journal
Browse More Financial Analysts Journal Content
Research Foundation Publications
![man-leaning-over-laptop](/-/media/images/cards/new-brand-people-at-work/man-leaning-over-laptop.jpg?h=443&w=664&la=en&hash=62091834341783B9B1DB1CC3D4FEEC22)
Research Foundation
Investment Model Validation: A Guide for Practitioners
![in-the-spotlight-performance-calculations-of-private-funds](/-/media/images/cards/blogs/2024/in-the-spotlight-performance-calculations-of-private-funds.jpg?h=406&w=664&la=en&hash=6BBADD33FFAC49E4D120CFEADC599335)
Research Foundation
The Economics of Private Equity: A Critical Review
![Portfolio management](/-/media/images/cards/new-brand-concepts/portfolio-management.jpg?h=443&w=664&la=en&hash=ADD50E5AEDF842AE30C7BB5B24F08CB8)
Research Foundation
Investment Horizon, Serial Correlation, and Better (Retirement) Portfolios
![research-foundation-logo](/-/media/images/cards/Logos/RF-Logo.png?h=250&w=664&la=en&hash=1FCFBDC89365FE505253A398678BB26F)
Research Foundation