The Hunger for Yield

This is a summary of a session from the Money Management Institute's 2013 Spring Convention. The panel was made up of three experts all from large, institutional asset management firms: Daniel Loewy, Co-Chief Investment Officer, AllianceBernstein Donald Plotsky, Head of Product Group, Western Asset Management Robert McConnaughey, Head of Equity, Columbia Management The session moderator […]

Asset Allocation: Is Modern Portfolio Theory Dead? (2/2)

This is the second part of the summary of a session from the Money Management Institute's 2012 Fall Solution Conference. You can read part 1 here. Moderator: Michael Jones, Chairman and Chief Investment Officer, Riverfront Investment Group Panelists: Colin Moore, Chief Investment Officer, Columbia Management, $339 billion AUM Howard Present, President and Chief Executive Officer, […]

Asset Allocation: Is Modern Portfolio Theory Dead? (1/2)

This is a summary of a session of the Money Management Institute's 2012 Fall Solution Conference. Moderator: Michael Jones, Chairman and Chief Investment Officer, Riverfront Investment Group Panelists: Colin Moore, Chief Investment Officer, Columbia Management, $339 billion AUM Howard Present, President and Chief Executive Officer, F-Squared Investments Steve Murray, Director of Asset Allocation Strategies, Russell […]

JPMorgan Doubles Model SMA, UMA Business in 2010

FundFire has an interesting article about the tremendous growth of JP Morgan's managed account programs last year.  The article, written by Tom Stabile, describes some of the key features that made JPM's programs so successful.  It also points out some new trends that are appearing in the industry. Open Architecture Is their UMA open architecture or […]

Generating Tax Alpha With After-Tax Asset Allocation

The calculation of after-tax asset allocation is key to determining asset location, which can significantly impact an investor's after-tax returns according to a study done by William Reichenstein, Ph.D., CFA (a copy is here as well).  Reichenstein proposes a unified framework that addresses the different risks and returns that exist between taxable and retirement accounts.  While he doesn't mention the […]