Thursday, July 28, 2011

IMCA Publication Examines the History of Sovereign Debt Crises: Journal of Investment Consulting Offers a Closer Look at how Debt and Default Spread

Markets may react negatively to a sovereign debt crisis in the short-run, but investors who identify companies that come out unscathed can capitalize on a positive long-term opportunity, according to a recent publication by INVESTMENT MANAGEMENT CONSULTANTS ASSOCIATION® (IMCA®). An article by Brian J. Jacobsen, PhD, in the latest issue of the Journal of Investment Consulting examines viral crises and how they spread from country to country and to other sectors of the economy. The extent to which a debt crisis spreads within an economy depends on the government’s interaction with the private sector, the article says.

Other articles in the latest Journal of Investment Consulting, a semi-annual, peer-reviewed publication focused on the needs of investment management consultants, include an interview with Edward O. Thorp, PhD, who pioneered the use of quantitative methods for asset management. Additionally, Joseph J. Wawrzaszek, Jr., and Hemambara Vadlamudi authored in-depth research about the opportunity to diversify risks and returns through investments in frontier markets. The 70-page publication also examines topics such as volatility as an asset class, perceptions of fair investment behavior across countries, downside risk management in emerging markets, and adaptive asset allocation policies.

“The Journal of Investment Consulting provides world-class investment management content only available through IMCA,” said Margaret M. Towle, PhD, CPWA®, the publication’s editor-in-chief. “Our latest edition helps readers consider alternative solutions to the ongoing challenges investors face today. We encourage IMCA members and other financial professionals to closely monitor the timely issues addressed in this publication and to think creatively in all aspects of their work.”

The Journal of Investment Consulting is one of many ways IMCA benefits its members and the financial services industry. IMCA’s 2011 Annual Conference, which provided a wide range of educational content for advisors, hosted a record 1,900 attendees in May. The conference was less than a month after IMCA’s CIMA credential earned accreditation by the American National Standards Institute (ANSI®). CIMA is the first internationally accredited financial services certification in the United States. Visit for more information about the benefits of IMCA membership, conferences and educational opportunities.

Based in Denver, IMCA was established in 1985 to deliver the premier investment consulting and wealth management credentials and world-class educational offerings—membership, conferences, research, and publications. The cornerstone of IMCA is the CERTIFIED INVESTMENT MANAGEMENT ANALYST(SM) or CIMA® certification, the only advanced certification designed specifically for investment consultants. IMCA also delivers the advanced credential for wealth management professionals working with high-net-worth clients, the CERTIFIED PRIVATE WEALTH ADVISOR® or CPWA® designation.

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