Project2:Layout 1 2/6/09 11:46 Page 1
Pr
of
es
sional Inv
es
t
o
r PROFESSIONAL
|
Summer
2009
SUMMER SUMMER 2009
INVESTOR
www.cfauk.org supporting ASIP, CFA and IMC professionals
EFFICIENT
MARKETS HYPOTHESIS
Is the effi cient markets
hypothesis dead?
CHALLENGES TO
WHA
T NEXT F
MARKET EFFICIENCY
Why investors couldn’t see the
OR EFFICIENT MARKETS?
signs, or bear to change their tactics
POLITICAL ECONOMIES
How politics drives FX markets
THE FUTURE DIRECTION
OF FINANCIAL THEORY
“If you think the credit crunch
Should economic theory tie up
is bad, you should have seen
with behavioural fi nance?
what it was like in 1973”
BROWN, BERNSTEIN AND
Lindsay Tomlinson, OBE, FSIP, vice chairman,
Europe, Barclays Global Investors IBBOTSON DEBATE THE EMH
WHAT NEXT FOR
EFFICIENT MARKETS?
V
olume
19
|
number
2
IS
SN 0958-2541
THE OFFICIAL JOURNAL OF THE CFA SOCIETY OF THE UK
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