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D. Editor-in-Chief Edward Baker, CEO of Alliance
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and scholars solicit and publish original articles and research on investment
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IMCA is the principal professional association of the investment
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encouraging the highest of standards, broadening the public's understanding of
investment management consulting, and promoting professional education and
practice standards for investment consultants.

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Journal of Investment Consulting Addresses Adaptive Markets Hypothesis

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DENVER, In the ongoing debate between proponents of
the efficient markets hypothesis (EMH) and champions of behavioral finance,
who will be the victor? An article in the just released issue of the Journal
of Investment Consulting, Volume 7, Number 2, Winter-Spring 2005 , addresses
this topic.
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He evaluates the case for and against EMH
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Published twice a year, the Journal of Investment Consulting is the
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The Journal is published by the Investment Management Consultants
Association (IMCA(R))., in "Reconciling Efficient Markets with
Behavioral Finance: The Adaptive Markets Hypothesis," there is little
consensus regarding which side is winning or what the implications are for
investment management consulting.