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	<title><![CDATA[first quadrant Resources | BNET]]></title>
	<link><![CDATA[http://resources.bnet.com/topic/first+quadrant.html]]></link>
	<description><![CDATA[White papers, case studies, business articles, and blog posts relating to first quadrant]]></description>
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		<title><![CDATA[The Death Of The Risk Premium : Consequences Of The 1990’s]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=73824]]></link>
		<description><![CDATA[One of the most striking developments of the 1990's is the evaporation of the forward-looking risk premium for stocks, measured relative to bonds. This development is new enough that it is not yet widely accepted as fact. Whether fact or mere hypothesis, it is useful to consider the implications of...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Wed, 01 Jan 2003 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/asset.html"><![CDATA[Asset]]></category>
		<category domain="http://resources.bnet.com/topic/premium.html"><![CDATA[Premium]]></category>
		<category domain="http://resources.bnet.com/topic/first+quadrant.html"><![CDATA[First Quadrant]]></category>
		<category domain="http://resources.bnet.com/topic/asset+management.html"><![CDATA[Asset Management]]></category>
		<category domain="http://resources.bnet.com/topic/investment.html"><![CDATA[Investment]]></category>
		<category domain="http://resources.bnet.com/topic/operational+planning.html"><![CDATA[Operational Planning]]></category>
		<category domain="http://resources.bnet.com/topic/business+operations.html"><![CDATA[Business Operations]]></category>
		<category domain="http://resources.bnet.com/topic/finance.html"><![CDATA[Finance]]></category>
	</item>
	<item>
		<title><![CDATA[Rebalancing A Global Policy Benchmark : How To Profit From Necessity]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=73827]]></link>
		<description><![CDATA[A buy-and-hold strategy leads to a drifting portfolio mix that is both difficult to justify and unprofitable when compared to the appropriate alternative. Rebalancing is imperative from a risk control standpoint and is the only passive option that systematically addresses the policy benchmark. Even though a drifting mix may appear...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Wed, 01 Jan 2003 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/asset+class.html"><![CDATA[Asset Class]]></category>
		<category domain="http://resources.bnet.com/topic/first+quadrant.html"><![CDATA[First Quadrant]]></category>
		<category domain="http://resources.bnet.com/topic/rebalancing.html"><![CDATA[Rebalancing]]></category>
		<category domain="http://resources.bnet.com/topic/strategy.html"><![CDATA[Strategy]]></category>
		<category domain="http://resources.bnet.com/topic/management.html"><![CDATA[Management]]></category>
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	<item>
		<title><![CDATA[How Well Have Taxable Investors Been Served In The 1980’s and 1990’s?]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=73828]]></link>
		<description><![CDATA[Management of taxable investment capital is carried out with very little regard for the consequences of after-tax returns. Frequently, taxable investors not only pay hefty fees, but also face active trading which triggers massive tax consequences. One reason investors have not given tax considerations their appropriate due is, of course,...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Wed, 01 Jan 2003 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/investor.html"><![CDATA[Investor]]></category>
		<category domain="http://resources.bnet.com/topic/first+quadrant.html"><![CDATA[First Quadrant]]></category>
		<category domain="http://resources.bnet.com/topic/taxes.html"><![CDATA[Taxes]]></category>
		<category domain="http://resources.bnet.com/topic/free+trade.html"><![CDATA[Free Trade]]></category>
		<category domain="http://resources.bnet.com/topic/financial+planning.html"><![CDATA[Financial Planning]]></category>
		<category domain="http://resources.bnet.com/topic/finance.html"><![CDATA[Finance]]></category>
	</item>
	<item>
		<title><![CDATA[The Management And Mismanagement Of Taxable Assets]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=73829]]></link>
		<description><![CDATA[As the adage implies, taxes are unavoidable, as we are all made acutely aware each April. In addition, individual investors are not alone. Virtually all companies also contend with the taxes, not only on operating earnings but also on large segments of their investable assets. Despite the inevitability and importance...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Wed, 01 Jan 2003 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/asset.html"><![CDATA[Asset]]></category>
		<category domain="http://resources.bnet.com/topic/first+quadrant.html"><![CDATA[First Quadrant]]></category>
		<category domain="http://resources.bnet.com/topic/asset+management.html"><![CDATA[Asset Management]]></category>
		<category domain="http://resources.bnet.com/topic/taxes.html"><![CDATA[Taxes]]></category>
		<category domain="http://resources.bnet.com/topic/free+trade.html"><![CDATA[Free Trade]]></category>
		<category domain="http://resources.bnet.com/topic/operational+planning.html"><![CDATA[Operational Planning]]></category>
		<category domain="http://resources.bnet.com/topic/business+operations.html"><![CDATA[Business Operations]]></category>
		<category domain="http://resources.bnet.com/topic/financial+planning.html"><![CDATA[Financial Planning]]></category>
		<category domain="http://resources.bnet.com/topic/finance.html"><![CDATA[Finance]]></category>
	</item>
	<item>
		<title><![CDATA[Loss Harvesting : What’s It Worth To The Taxable Investor?]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=73830]]></link>
		<description><![CDATA[Loss harvesting has become a well-known tool for the management of taxable portfolios. By "harvesting" losses, one can realize capital losses, which, for tax purposes, can be offset against any gains an investor may have. Often, this can bring the capital gains taxes down to zero or even create loss...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Wed, 01 Jan 2003 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/loss.html"><![CDATA[Loss]]></category>
		<category domain="http://resources.bnet.com/topic/investor.html"><![CDATA[Investor]]></category>
		<category domain="http://resources.bnet.com/topic/first+quadrant.html"><![CDATA[First Quadrant]]></category>
		<category domain="http://resources.bnet.com/topic/taxes.html"><![CDATA[Taxes]]></category>
		<category domain="http://resources.bnet.com/topic/free+trade.html"><![CDATA[Free Trade]]></category>
		<category domain="http://resources.bnet.com/topic/personal+finance.html"><![CDATA[Personal Finance]]></category>
		<category domain="http://resources.bnet.com/topic/financial+planning.html"><![CDATA[Financial Planning]]></category>
		<category domain="http://resources.bnet.com/topic/finance.html"><![CDATA[Finance]]></category>
	</item>
	<item>
		<title><![CDATA[What Risk Premium Is "Normal"?]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=73445]]></link>
		<description><![CDATA[In the current circumstance, in which stocks appear to have a near-zero or negative risk premium relative to government bonds, is abnormal in the extreme. Even if one percent is added to the risk premium, to allow for the impact of stock buybacks, today's risk premium relative to the more...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Mon, 01 Apr 2002 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/stock+buyback.html"><![CDATA[Stock Buyback]]></category>
		<category domain="http://resources.bnet.com/topic/bond.html"><![CDATA[Bond]]></category>
		<category domain="http://resources.bnet.com/topic/stock.html"><![CDATA[Stock]]></category>
		<category domain="http://resources.bnet.com/topic/first+quadrant.html"><![CDATA[First Quadrant]]></category>
		<category domain="http://resources.bnet.com/topic/investment.html"><![CDATA[Investment]]></category>
		<category domain="http://resources.bnet.com/topic/financial+accounting.html"><![CDATA[Financial Accounting]]></category>
		<category domain="http://resources.bnet.com/topic/finance.html"><![CDATA[Finance]]></category>
	</item>
	<item>
		<title><![CDATA[What’s Behind The Numbers?]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=73436]]></link>
		<description><![CDATA[The article focuses on the importance of achieving numbers in order to judge the performance. It argues that selecting an investment manager is really all about selecting a manager who can produce the best numbers in the future. It can be argued about what numbers – should they be risk...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Tue, 01 Jan 2002 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/performance.html"><![CDATA[Performance]]></category>
		<category domain="http://resources.bnet.com/topic/investment+manager.html"><![CDATA[Investment Manager]]></category>
		<category domain="http://resources.bnet.com/topic/first+quadrant.html"><![CDATA[First Quadrant]]></category>
		<category domain="http://resources.bnet.com/topic/performance+management.html"><![CDATA[Performance Management]]></category>
		<category domain="http://resources.bnet.com/topic/human+resources.html"><![CDATA[Human Resources]]></category>
		<category domain="http://resources.bnet.com/topic/workforce+management.html"><![CDATA[Workforce Management]]></category>
	</item>
	<item>
		<title><![CDATA[Re-Balancing A Global Policy Benchmark: How To Profit From Necessity]]></title>
		<link><![CDATA[http://jobfunctions.bnet.com/abstract.aspx?docid=73441]]></link>
		<description><![CDATA[The need to rebalance institutional assets to a policy benchmark is a simple fact of life. It may be possible for an investor to allow his portfolio to drift. But over a period of time, he will eventually have to address the misallocation this causes, as the portfolio drifts to...]]></description>
		<s:doctype><![CDATA[White papers]]></s:doctype>
		<pubDate>Tue, 01 Jan 2002 00:00:00 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/asset.html"><![CDATA[Asset]]></category>
		<category domain="http://resources.bnet.com/topic/asset+class.html"><![CDATA[Asset Class]]></category>
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		<category domain="http://resources.bnet.com/topic/asset+management.html"><![CDATA[Asset Management]]></category>
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