Peter Mladina: Factor Betas and ICAPM in Practice | Rational Reminder 338

Meet with PWL Capital: https://pages.pwlcapital.com/en-ca/co...

Due to unforeseen connectivity issues with Zoom, Peter's audio noticeably glitches sporadically throughout the episode, more notably toward the end.

In today’s episode, we unpack how rigorous research translates into actionable strategies for wealth management. Ben and Mark are joined by Peter Mladina, Executive Director of Portfolio Research at Northern Trust Wealth Management and professor at UCLA. With an impressive body of published work and practical innovations like his goals-based asset allocation software, Peter offers a unique perspective on bridging the gap between theory and practice. The conversation delves into foundational topics like asset allocation and factor models, with a special focus on practical applications of research in wealth management. Peter shares insights from his research, including intriguing findings on factor investing and joint tests of market efficiency. From real estate investment trusts to the nuances of the Intertemporal Capital Asset Pricing Model (ICAPM), the discussion covers how these concepts can directly inform financial planning and portfolio construction. Tune in to explore the intersection of academic insight and everyday financial decision-making!

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Benjamin Felix — https://pwlcapital.com/our-team/
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Cameron Passmore — https://pwlcapital.com/our-team/
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Cameron on LinkedIn —   / cameronpassmore  
Mark McGrath on LinkedIn —   / markmcgrathcfp  
Mark McGrath on X — https://x.com/MarkMcGrathCFP
Peter Mladina on LinkedIn —   / peter-mladina-177194125  
Peter Mladina on SSRN — https://papers.ssrn.com/sol3/cf_dev/A...
Northern Trust — https://www.northerntrust.com/
Episode 169: John Cochrane — https://rationalreminder.ca/podcast/169

Papers From Today’s Episode:

‘Real Estate Betas and the Implications for Asset Allocation’ — https://papers.ssrn.com/sol3/papers.c...
‘An ICAPM Framework for Asset Allocation’ — https://papers.ssrn.com/sol3/papers.c...
‘An ICAPM for Goals-Based Investing’ — https://papers.ssrn.com/sol3/papers.c...
'Portfolios for Long-Term Investors' — https://papers.ssrn.com/sol3/papers.c...
‘Yale's Endowment Returns: Manager Skill or Risk Exposure?’ — https://papers.ssrn.com/sol3/papers.c...