Investment Strategy Articles

1. Strategic Investment Distribution Strategy
   Written for the launch of Genworth/AssetMark's Retirement Distribution Strategies, this white paper summarizes the results of NFA's research into investment distribution strategies.
   Authors: Richard O. Michaud & Robert O. Michaud
   Publication: October 2006
2. Gold as a Strategic Asset
   This paper examines the case for gold as a long-term or strategic investment for U.S. institutional investors.
   Authors: Richard O. Michaud, Robert O. Michaud, & Katharine Pulvermacher
   Publication: World Gold Council, September 2006
3. Return Objective for Social Security Private Accounts: A Review of the President's Commission Investment Alternatives
   The authors analyze the return objectives of the accounts proposed by the President’s Commission on Social Security Reform.
   Authors: Richard O. Michaud, Robert O. Michaud & Noah Kraut
   Publication: February 2005 Newsletter
4. Twenty Years of International Equity Investing
   Marketplace evidence from the 1970s to the 1990s indicates that thoughtful international equity diversification can improve the risk/return characteristics of investors’ portfolios.
   Author: Richard O. Michaud
   Publication: The Journal of Portfolio Management. Fall 1996
5. Currency Hedging Policy
   This article reviews and discusses five important hedging theories.
   Author: Richard O. Michaud
   Publication: October 1, 1994
6. Are Long-Short Equity Strategies Superior?
   Claims of superiority of long-short investing often reflect misunderstandings of basic concepts of modern investment management and may result in unrealistic expectations.
   Author: Richard O. Michaud
   Publication: Financial Analysts Journal. November/December 1993