Wealth Manager

June 2007, Wealth Manager magazine

There are many definitions of inflation, but only one that can be hedged.

By James Picerno

As benchmarks go, it’s hard to beat the consumer price index for real-world impact. CPI’s fingerprints show up on bond prices,
cost-of-living increases for Social Security payments and
negotiations for certain wage contracts. Of course, the widely followed
index also casts a long shadow on Wall Street’s perception of
price trends in general and inflation in particular.

June 2007, Wealth Manager magazine

In search of optimal rebalancing strategies, a researcher discusses his findings.

By James Picerno

Rebalancing, asset allocation and diversification within
asset classes are the holy trinity of enlightened investment strategy.
Of the three, rebalancing arguably has lagged as a research
subject.