May 31, 2015 This Financial Times article (written with Bob Pozen) takes a look at the recent trend toward establishing term limits for corporate directors — and the recent evidence that concludes that those limits are counterproductive. Read the complete article (requires […]
April 12, 2015 NextShares are not the same as ETFs; they are hybrid vehicles that combine elements of traditional mutual funds with certain features of passively managed ETFs. In other words, NextShares are a compromise, but one that stands a good chance […]
February 1, 2015 The death knell of active portfolio management has been rung. But with recent studies suggesting that the costs of passive management are rising, has the bell tolled too soon? This Financial Times article (written with Bob Pozen) looks at […]
October 5, 2014 The SEC’s changes in July to Rule 2a-7 governing money market funds may be simple in concept – but they will require significant changes in fund operations. As speakers from BNY Mellon, Boston Financial Data Services, Deutsche Asset & […]
October 5, 2014 After years of heated debate, the Securities and Exchange Commission, the US regulator, recently adopted stricter rules for US money market funds. The new rules are intended to limit the potential systemic risks of money market funds by reducing […]
September 23, 2014 Growth on the agenda for U.S. fund industry. This opinion piece in Luxembourger Wort provides an overview of the U.S. industry in advance of the ALFI Global Distribution Conference.
September 2014 Lehman still in the picture. This article in Luxembourg periodical PaperJam, part of a supplement published for the ALFI Global Distribution Conference, reviews 5 topics dominating the discussion of risk in the financial markets.