Boston skyline

Upcoming CFA Presentation

Dr. MichaudThe paper "Deconstructing Black-Litterman: How to Get the Portfolio You Already Knew You Wanted" (JOIM Q1 2013), co-authored by Richard Michaud, David Esch, and Robert Michaud of New Frontier, challenges the investment effectiveness of the Black-Litterman procedure. Dr. Michaud and Dr. Esch presented the paper at the 2013 autumn JOIM conference. They have also presented their analysis at the CFA UK (video) and additional venues. Recent presentations include the Boston Security Analysts Society and a joint session of the New York Society of Security Analysts and the Society of Quantitative Analysts.

March 5 at CFA Winnipeg

New Frontier offers institutional expertise and patented investment processes to enhance return and manage risk via statistically vigorous, robust, and transparent investment vehicles.
Awarded four patents, New Frontier provides state-of-the-art asset allocation and portfolio optimization tools featuring the Michaud Resampled Efficient Frontier™ and other innovations.
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.

Markowitz Awards

JOIM named the fourth annual Harry M. Markowitz Award Winners, an award sponsored by New Frontier. Learn more about the awards.

Fundamental Law of Mismanagement

An extensive update of NFA's well-known July 2005 paper is being readied for publication. A draft is now available.

About New Frontier

New Frontier is a Boston-based research and registered investment advisory firm specializing in the development and application of state-of-the-art investment technology. Founded in 1999 by the inventors of the world's first broad spectrum, patented, provably effective portfolio optimization process, the firm continues to pioneer new developments in asset management. New Frontier's services help institutional investors worldwide select and maintain more effective portfolios.