CFA Institute is a global community of more than 190,000 investment professionals working to build an investment industry where investors’ interests come first, financial markets function at their best, and economies grow. We are driven by the belief that lasting economic growth depends on trust, competence, and transparency in financial markets, and we know that it must be led by professionals adhering to the highest levels of ethics and investment expertise. We achieve these goals by: raising standards of professional excellence in the industry; championing ethical behavior in investment markets; serving as a respected source of knowledge in investment markets; and creating a strong global community of investment professionals.
Ethics and Education and Professional Excellence in the Investment Industry
By minimizing exposure to severe market downturns, investors can achieve higher risk-adjusted returns, preserve capital, and avoid the psychological toll of significant losses.
Rapid yen appreciation in the third quarter triggered a brief-but-disruptive volatility surge across major asset markets, demonstrating the fleeting nature of “liquidity-on-loan.”
Howard Marks’s approach to risk emphasizes the importance of understanding risk as the probability of loss, not volatility, and managing it through careful judgment and strategic thinking.
Explore insights on Private Wealth Management with curated articles & expert analysis from the CFA Institute's Research and Policy Center.
Comment Letter to the SEC supporting the PCAOB’s Standard, “General Responsibilities of the Auditor in Conducting an Audit and Amendments to PCAOB Standards”
CFA comments on the SEC Filing of PCAOB’s Standard, “A Firm's System of Quality Control and Other Amendments”
In the underbelly of private markets lies the main culprit behind corporate failures: defective capital structuring.
We see this report as a starting point for improving ESG fund classification.
Don’t ignore serial dependencies in your factor portfolio.
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