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QWAFAFEW: "The Fundamental Law of Mismanagement"

Dr. MichaudNew Frontier is pleased to announce that Dr. Richard Michaud will be discussing his new paper, "The Fundamental Law of Mismanagment," with QWAFAFEW New York on September 9.

Grinold (1989) demonstrates that the theoretical value added of an optimal investment strategy is (approximately) proportional to the product of the square root of breadth and skill. Join us to learn why principles commonly associated with Grinold's "Law" may adversely impact many hundreds of billions of dollars or more in contemporary practice.

For event information, click here.


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.

"Why New Frontier Traded Vanguard's Revised ETFs"

Read the note from our Investment Committee here.


European Journal of Finance Comment

Dr. Richard Michaud, Robert Michaud, and Dr. David Esch respond to an article on Michaud optimization.

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.