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Research

A globally-recognized independent research authority, New Frontier continues to contribute to the cutting-edge of investment theory in asset allocation, investment strategies, global investment management, optimization, stock valuation, portfolio analysis, and trading costs.

Latest The "Fundamental Law of Active Management" Is No Law of Anything
Paper The False Promise of Target Date Funds [link to PDF of white paper] published January 2014 in the Journal of Indexes [link to journal's version]
Highlight "Deconstructing Black-Litterman" published version available from JOIM, draft version available here
Featured Publications

Paper "Morningstar v. Michaud Optimization"
Book

Efficient Asset Management: A Practical Guide to Stock Portfolio Optimization and Asset Allocation 2nd edition

Paper "Portfolio Monitoring in Theory and Practice" published version available from JOIM, draft version available here

 

New Frontier's Patents
Introductory Articles