
Strengthening the Structural Resilience of the Capital Markets
More Capital Markets Content
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.

The Importance of Joining Lifecycle Models with Mean-Variance Optimization
For almost three quarters of a century, lifecycle finance models and mean–variance optimization remained separate, but recent breakthroughs have produced combined models that answer critical financial planning questions linked to portfolio choice.

Beyond Active and Passive Investing: The Customization of Finance
Although conventional wisdom predicts that passive investing will dominate the future, analysis of key trends indicates that active management will become more prevalent.
Policy in Action

CFA Institute/CFA UK Response to UK Pension Reform Consultation
CFA Institute and CFA UK respond to a Department for Work & Pensions and HM Treasury consultation on planned UK pension reform, addressing consolidation, fiduciary duty, IPO attractiveness, and technology in the sector.

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

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.

Private Markets and Alternative Investments Certificate
Understand key features and differences between private equity, private credit, real estate and infrastructure, commodities, and hedge funds.

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.