Strengthening the Structural Resilience of the Capital Markets
More Capital Markets Content
The Dollar's Exorbitant Privilege
This report analyzes US public finance sustainability and the future of the US dollar as the dominant reserve currency, highlighting risks from rising debt and deficits, while exploring potential global investor confidence loss.
America’s Evolving Geopolitical Landscape
Geopolitical strategist and bestselling author Peter Zeihan returns for a deep dive into the shifting global order. He and host Mike Wallberg, CFA, explore the evolving role of the US in international trade, the economic impact of demographic shifts, and how America's political landscape is reshaping its strategy on the world stage. Peter unpacks the forces driving today’s geopolitical and economic upheaval, offering insights on what the future holds for investors, businesses, and nations alike. Be sure to catch both Peter and Mike at CFA Institute LIVE 2025 in Chicago this May!
The Performance of the 60/40 Portfolio: A Historical Perspective
This report examines the historical performance of the 60/40 equity/bond portfolio, highlighting its benefits, challenges from variable stock-bond correlations, generational differences, market-specific risks, and the role of alternative assets.
Policy in Action
CFA Society UK & CFA Institute Response to FCA’s CP24/30
CFA Society UK and CFA Institute support the FCA's CCI disclosure reforms, emphasizing balanced flexibility and comparability. They urge alignment with existing rules, clearer guidance, and extended transition periods.
To UK FRC on the Sustainability Assurance Market
CFA Institute and CFA Society United Kingdom comment on the FRC’s market study on the Assurance of Sustainability Reporting.
Gold-plating in EU Capital Market Law: Regulatory Practices in Select Jurisdictions
This report examines gold-plating in eight EU member states, focusing on the implementation of capital market laws such as UCITS, AIFMD, and MIFID. It compares the occurrence, impact, and legal approaches to gold-plating across jurisdictions.
Be Informed
Eric Hanno, CFA: Unlocking Opportunities in a Volatile Market
Eric Hanno, CFA, is co-head of Apollo Global Management's Apollo Aligned Alternatives (AAA) strategy. He and host Mike Wallberg, CFA, discuss the current market dynamics for semi-liquid investments amid high levels of uncertainty and volatility in public markets. Eric shares insights on consumer and business confidence trends, the impact of tariffs, and the overall energy in Apollo's offices.
Author Gregory Zuckerman on Jim Simons And His Unmatched Hedge Fund Returns
Jim Simons, the late founder of Renaissance Technologies, achieved a track record that surpasses Warren Buffett and all the other great investment managers – by a lot. In a beautifully written account, The Man Who Solved the Market, Gregory Zuckerman, the Wall Street Journal who previously profiled John Paulson in The Greatest Trade Ever, talks about Renaissance’s unique culture.
Private Wealth Management
Explore insights on Private Wealth Management with curated articles & expert analysis from the CFA Institute's Research and Policy Center.
Building Resilience: Exploring Capital Market Structural Dynamics and Policy Development
CFA Institute Research and Policy Center addresses how changes to the structure of capital markets affect the formation of capital, the providers of financial services, and the consumers of these services.
The theme Strengthening the Structural Resilience of the Capital Markets underscores our commitment to the dynamic relationship among asset managers, asset owners, and individual investors/savers through the capital markets, given the backdrop of trends in the regulatory and policy environment.
Our research considers market developments and policy matters using our core values and principles—investor protection, market integrity, and professionalism—as our base.