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MarketWatch: Opinion: Bulls just won’t believe what interest rates are saying about U.S. stock and bond returns for the next 5 years

Professor Elroy Dimson, Chairman of the Centre for Endowment Asset Management at Cambridge Judge Business School, was talking about low real investment returns in a recent CFA Institute webinar. This is based on historical data of stock and bond returns…

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Discontinuous transformation

Leisurely pace of change not quick enough for many businesses in COVID-19 era. "Discontinuous" transformation rather than a leisurely pace of change will be needed at many businesses in the COVID-19 (coronavirus) era, Dr Kishore Sengupta of Cambridge Judge Business…

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Low returns

The next generation will face real investment returns of only two per cent based on historical data, says Professor Elroy Dimson. The "Generation Z" born between the mid-1990s and early 2010s will likely face a future of very low annualised…

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Beta activism

Third-stage corporate governance is taking centre stage over climate change, says Jon Lukomnik, a recent Pembroke Visiting Professor at Cambridge Judge Business School. Jon Lukomnik, the Managing Director of Sinclair Capital LLC and former Executive Director of the Investor Responsibility…

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The Economist: What is the link between inflation and equity returns?

A report co-authored by Professor Elroy Dimson, Chairman of the Centre for Endowment Asset Management at Cambridge Judge Business School, is quoted in the article on equity returns. According to the Credit Suisse Global Investment Returns Yearbook “global equities have…

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Stock market volatility

Market volatility to COVID-19 crisis second only to 1987 stock market crash over past 120 years. Stock market volatility during the COVID-19 crisis has been second only to the October 1987 stock market crash over the past 120 years, Professor…

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Market integrity

Study on insider trading is relevant to coronavirus bailouts. The last big economic bailout in the United States was the $700 billion Troubled Asset Relief Plan (TARP) enacted during the financial crisis in 2008. That package is now dwarfed by…

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Image of US dollars being printed.

Early coronavirus evidence on finance

Early-stage finance research exploring the impact of COVID-19 on important financial outcomes such as household spending and investor expectations, by Dr Scott Guernsey, Research Associate at the Cambridge Centre for Finance and the Cambridge Endowment for Research and Finance (CERF).…

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100-dollar bill revised so Benjamin Franklin is wearing a face mask.

Are cryptocurrencies priced in the cross-section? A portfolio approach

Dr Adelphe Ekponon Most papers, that study determinants of cryptocurrency prices, find no relation to existing market factors. In a work-in-progress, CCFin/CERF Research Associate Adelphe Ekponon and Kassi Assamoi (Liquidity Analyst at MUFG Securities and University of Warwick) examine a…

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Money Web: Investors, fasten your seatbelts!

Professor Elroy Dimson, Chairman of the Centre for Endowment Asset Management at Cambridge Judge, commented on COVID-19 pandemic in an article on market movements in unprecedented times. Professor Dimson pointed out that Covid-19 is “hardly the first severe pandemic the…

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