|
We understand the need for Members to have continued access to fresh perspectives, industry insights, and leading-edge knowledge that not only benefit their clients but satisfy their unending intellectual curiosity.
In a rapidly evolving industry, a diverse skill set, and interdisciplinary knowledge have become crucial for responsible long-term asset stewardship. From portfolio construction to thematic investing trends, geopolitics to regulatory considerations, and technological innovations - staying well-informed is now a fundamental requirement.
Quarterly Mark, published by the CAIA Association, is expertly curated to meet the unique needs of the global CAIA community. It is developed with thoughtfully selected articles from various investment journals woven together with a unifying narrative.
The result? A superior experience that ensures CAIA Members are at the forefront of the latest developments in the investment world!
June 2024
The fragmented and secretive world of family offices is historically characterized (perhaps unfairly) by a lack of investment sophistication, concentrated exposures, unconstrained portfolio construction (“If you’ve met one family office…you’ve met one family office.”), and positions that largely reflect the passions of the family leader versus sound risk/return opportunity. Over the last decade, however, many of those stereotypes are reversing as these increasingly larger pools of capital institutionalize their processes and diversify their wealth with an eye towards multi-generational stewardship. Family offices have retained their whimsical reputation but nonetheless earned disproportional influence in the figurative halls of institutional investors. From a GP perspective, they also are a refreshing new segment for fundraising consideration given the limited bureaucracy of their investment decision-making and the near maximum allocations to private markets from traditional clients such as pensions, endowments, and foundations.
In this issue of the Quarterly Mark, and through the lens of this new entrant to the institutional class, we explore some of the more creative asset class dilemmas faced by this segment of investors as they look to reinvent and mature their investment offices.
Unpacking Private Equity Performance
Art as Collateral
Is Bitcoin Enough?
Emerging Topics in Family Offices
March 2024
In parallel with the innovation happening at large allocators over the last decade, the academy has begun dropping breadcrumbs assessing alternative approaches to aligning the investment process more acutely with total portfolio return. In this issue of Quarterly Mark, we’ve curated articles that explore four of the most common elements debated to be contributing to this next epoch of portfolio construction we call Total Portfolio Approach (TPA).
December 2023
Transformative technologies largely follow a familiar pattern: 1) Fervor, as hype outpaces sensibility, gobs of VC money pours in, and retail narratives take on grandiose conclusions; 2) Rationalization, as reality kicks in, pretenders and nefarious actors are exposed, and valuations reset aggressively; and 3) Reconciliation, as sustainable use cases crystallize, and revenue and profit models emerge.
In the last half century, personal computing, the internet, and mobile computing have all exhibited this playbook. If an investor has been around for more than a minute, they have the scars and residual skepticism to prove it. Artificial intelligence and blockchain technology are no exception and CAIA is eager to devote this issue of Quarterly Mark, to the potential disruption and opportunity these two forces represent for both investing and our broader society.
September 2023
Our inaugural issue of Quarterly Mark is aptly titled Next is Here. The name rightly reflects a new age of capital allocation for which greater diversification and broader expertise are indispensable. We believe CAIA Association sits at that intersection of past and future and therefore this issue contains articles devoted to highlighting some of the most significant advancements in alternatives in recent years that are shaping the industry.
About
Quarterly Mark, published since 2023 by the CAIA Association, is a magazine publication of expertly curated industry journal articles selected to provide practical knowledge and new perspectives from Association leadership.
Circulation
Quarterly Mark is available exclusively to current CAIA Members in March, June, September, and December.
|
|
|