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DOL/SEC Hearing
Dr. Michaud will testify at a DOL/SEC hearing concerning target-date funds on June 18. A white paper on the same topic is forthcoming.

Version 5.3 Shipped
Version 5.3 was shipped to clients on June 4.

New Article
"Are Good Estimates Enough? No." IMCA January 2009

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New Frontier is a Boston-based institutional research and investment advisory firm with an extensive background in quantitative research, consulting, and management.  Founded 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 allocation and portfolio selection. Based on cutting-edge practical economic theory, New Frontier's services help institutional investors worldwide select and maintain more effective portfolios.