CFA Institute

Continuation funds are becoming a defining force in private markets, raising essential questions for investors and fund managers. We’re examining these shifts in a webinar built around the first report in our new three-part Research and Policy Center series on ethics in private markets. We’ll break down why continuation funds are being formed, how they’re structured and where issues around liquidity, alignment and potential conflicts tend to arise. We’re also welcoming Dan Murphy, Head of Portfolio Allocation at The Carlyle Group, to the discussion. Register now to gain insight into one of private markets’ most closely watched developments: https://cfainst.is/47dmRkt CFA Institute members will receive 1 PL credit for attending.

What happens when an investment leader rethinks the way portfolios are built? For Philippe FAGET, CAIA, Head of Private Assets at VEGA Investment Solutions, that shift started with a simple goal, to understand ESG more deeply and apply it where it matters most: in day-to-day portfolio decisions. Through this journey of learning, transformation, and empowerment, Philippe not only deepened his ESG expertise to drive implementation across his work, but also strengthened his team’s approach to integrating sustainable thinking into every investment strategy. Discover how his experience continues to shape his leadership and drive sustainable practices forward: https://cfainst.is/3M6wmd3

The 2025 Mercer CFA Institute Global Pension Index highlights steady progress, but also raises new questions. As governments direct more pension capital toward national priorities, how can we ensure those decisions continue to prioritize members’ overarching interests? Olivier Fines, CFA, Head of Advocacy and Policy Research, EMEA, shares insights from this year’s findings and explores why balancing policy ambition with fiduciary duty is vital to maintaining trust in global pension systems. Explore the full 2025 Global Pension Index to learn more about the principles guiding that balance: https://cfainst.is/4qPNFPv

Our careers rarely move in a straight line. They twist, evolve and teach us along the way. We asked charterholders to describe their career in one word, here’s what they said. See more of the insights they shared: https://cfainst.is/43CdBo2 What one word would you use to describe your own career?

How do investors adapt as markets evolve with inflation pressures, shifting correlations, and new sources of volatility? Sébastien Page, CFA, draws on both rigorous research and practical experience to help investors respond with clarity and discipline. As Head of Global Multi-Asset and Chief Investment Officer at T. Rowe Price, he’s advancing how professionals think about diversification and portfolio construction. A two-time Graham and Dodd Award recipient and author of 'Beyond Diversification: What Every Investor Needs to Know about Asset Allocation', Sébastien also coauthored the CFA Institute Research Foundation monograph, 'Factor Investing and Asset Allocation'. He serves on the editorial board of the Financial Analysts Journal, The Journal of Portfolio Management, and the board of directors of the Q Group, and regularly shares his insights on Bloomberg TV and CNBC.

As part of our 60th anniversary celebrations of the Research Foundation, we spotlight Ronald N. Kahn’s The Future of Investment Management, a timely and strategic look at how technology, data, and evolving investor expectations are reshaping the industry. From passive strategies to pure alpha, this research outlines the trends that continue to define how investment professionals build, price, and deliver value. To read the full research click here: https://cfainst.is/4ohExRs Thanks to our contributors: CFA Institute Research Foundation Research and Policy Center

AI hastened pace, narratives shifted, and investors focused on what endures. Our most-read blogs from Q3 reveal how professionals are navigating uncertainty with structure and conviction. From private market warning signs to smarter uses of AI, the quarter showed that resilience still outperforms prediction. Read the top 10 insights from Q3 on Enterprising Investor: https://cfainst.is/4ighxkq Which of these themes resonates most with your outlook right now?

We’re always inspired to see our charterholders continue their commitment to professional excellence. Renewal reflects more than maintaining a credential, it’s a shared dedication to ethics, education, and advancing the future of finance.

As part of our 80th anniversary celebrations of the Financial Analysts Journal we revisit “Facts and Fantasies about Commodity Futures” by Gary Gorton and Geert Rouwenhorst, research that reshaped how investors view commodities. This classic paper challenged long-held assumptions, showed commodities could rival equities in returns, and helped position futures as a credible tool for diversification and inflation protection. Thanks to out contributors Research and Policy Center

Private equity is evolving fast. With new strategies, structures, and investor expectations reshaping the landscape. If you’re in the space, you’ve likely seen the shifts firsthand. The question is: where’s the smartest innovation happening right now? Cast your vote, and tag someone who’s got a sharp view on where private equity is headed next. Poll question: Where do you see the biggest opportunity for innovation in private equity?   A. Value creation strategy B. Deal structuring and modeling C. Talent development D. Expanding into new strategies