The relationship between number of stocks held in a portfolio and diversification has been
clarified. 15-stock portfolios, on average, achieve only 75-80% of available diversification, not …

The importance of investment policy can be, and has been, measured in a variety of ways.
The most widely quoted study measures policy's role in explaining the variance of returns; it …

A well-rounded hedge fund guide for the serious financial professional Alternative investment
strategies-hedge funds in particular-have experienced a significant resurgence recently, …

… Ron’s most recently co-edited book is Hedge Funds: Definitive Strategies and Techniques
(Wiley Finance). Ron is also a member of several industry boards and committees, including …

The article discusses stock diversification, and its effectiveness as an investment strategy
when stock prices fall. The author examines stock market performance in 2006, and during the …

In the July/August issue of this journal, Fischer Black argued that pension sponsors could take
advantage of the special tax status of the pension plan to increase the value of their shares…

This article shows how the relatively new concept of Perfect Withdrawal Rate can be used in
assessing the appropriate sustainable withdrawal amounts from a pot of wealth. This …

1. Vice president of marketing for Glenwood Trust Co., a Chicago-based oversight manager
of alternative investment strategies. He is also president of Peformance Presentation …

The article discusses problems with peer group evaluations in value investing. Value stocks
have outperformed growth stocks but value managers are trailing value benchmarks. …

… Surz' analysis is his inadequate consideration of the role the time of receipt of the tax shield
plays in the determination of its value. Surz … , never received, Surz concludes that immediate …