Director, Research

Allen He, CFA, FRM

Allen He joined FCLTGlobal after getting his master’s degree in finance from the MIT Sloan School of Management. Prior to that, he worked at The Brattle Group, an economic consulting firm, as a senior research analyst in litigation and finance. While at Brattle, Allen worked on a variety of projects across the finance, utilities, and industrials sectors, where he led data modeling work in corporate valuations and derivatives hedging. Recently, Allen has worked on projects focused on risk management – including a currency risk prediction model as part of a joint research practicum between MIT and a global asset management firm.

Allen holds a B.A. in Math and Economics from Cornell University and a MS from MIT.

Back to Our Team

Article

The K-Shape of AI: How Capital Divergence Compounds

By Allen He, CFA, FRM

4 June 2026 - With SpaceX, Anthropic, and OpenAI preparing to IPO, is a “two-speed” economy emerging?

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Innovation | Report

Worth the Wait: R&D-Intensive Public Companies Outperform Over the Long Term

By Allen He, CFA, FRM

20 May 2026 - This report examines a central question: Do public markets actually reward sustained investment in innovation over the long term?

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Article

Sovereign Wealth Funds: The New Drivers of Long-Term Capital

By Allen He, CFA, FRM

3 February 2026 - Sovereign wealth funds (SWFs) are rapidly emerging as the world’s dominant long-term investors.

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Report

FCLT Compass Report: Near-Term Flexibility For Long-Term Value

By Allen He, CFA, FRM, Jessica Pollock

29 December 2025 - Our latest annual benchmarking report reveals that despite record wealth, market participants are positioning themselves for flexibility and liquidity rather than committing capital for the long term.

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Investor-Corporate Engagement | Article

The Buyback Mirage: What Record Share Repurchases Are Hiding

By Allen He, CFA, FRM

26 November 2025 - Without disciplined capital allocation, buybacks can signal weakness, not strength. According to a recent MarketWatch article, analysts have labeled Apple’s $100 billion announcement “disappointing” — not because it was small, but because it failed to set a new record.

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Innovation | Article

AI’s Dividend: Short-Term Windfall or Long-Term Value?

By Allen He, CFA, FRM

29 September 2025 - Optimists call it “the fourth industrial revolution.” Skeptics have called it “the end of the human race.” Regardless of where you stand, artificial intelligence is rapidly transforming how companies operate—from efficiency gains to headcount reductions to sweeping changes in capital allocation.

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Investor Risk and Responsibilities | Report

Ahead of the Curve: Factoring the Cost of Carbon Into Long-term Decision-making

By Allen He, CFA, FRM, Joel Paula, CAIA, Jessica Pollock

14 July 2025 - Climate change is a force reshaping the global economy—and will influence capital allocation for decades to come. Climate-related risks and externalities, especially carbon emissions, are becoming material to long-term financial decision-making.

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Quarterly Earnings Guidance, Investor-Corporate Engagement | Article

The End of Quarterly Guidance: A New Era for Corporate Strategy

By Allen He, CFA, FRM

17 October 2024 - For years, the corporate world was entrenched in the practice of providing quarterly earnings per share guidance. The latest data shows it may finally be on its way out.

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Incentive Alignment | Article

Pay Me Now or Pay Me Later: The Sustainability J-Curve

By Allen He, CFA, FRM, Jessica Pollock

31 July 2024 - Using the sustainability J-curve as a tool for visualizing strategies that may not pay off today, but will likely pay off over time, will promote better company-investor dialogue, which in turn will help more ideas, innovations, and long-term rewards see the light of day.

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Article

FCLTCompass: In 2022, Corporate Time Horizons Shorten, Investors’ Lengthen – And What It Means

By Allen He, CFA, FRM, Jessica Pollock

29 August 2023 - While the past year reflects a continued upward trend in investor horizons, it also revealed a material decline in investment horizons for corporates to their lowest since the project began.

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Quarterly Earnings Guidance | Article

A Look at Long-Term Guidance Trends in 2022

By Allen He, CFA, FRM, Michelle Mei

27 July 2023 - As we look ahead to earnings seasons in 2023 and beyond, companies that resist the temptation to issue quarterly guidance, and instead focus on issuing longer-term guidance and strategic roadmaps, will be setting themselves up for sustained success.

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Article

Why a 4% Tax on Buybacks Could Work

By Allen He, CFA, FRM

13 March 2023 - As a tool, buybacks can be put to good use under the right circumstances – or abused for short-term advantage. Companies and shareholders have it within their power to utilize buybacks deliberately, in support of long-term value creation.  

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In the News

Getting the shareholders you deserve

By Allen He, CFA, FRM

27 January 2023 - The 2023 proxy season is shaping up to be one for the ages. With a forecast record number of shareholder proposals, unprepared companies could find themselves under pressure from all sides.

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Article

Buybacks: Look Before You Leap

By Allen He, CFA, FRM

16 June 2021 - For companies and their shareholders, there are key choices to make before repurchasing shares.

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Predicting Success

Metrics | Report

Predicting Long-Term Success for Corporations and Investors Worldwide

By Allen He, CFA, FRM, Victoria Tellez, Steve Boxer, Bhakti Mirchandani, Evan Horowitz

29 September 2019 - The research is piling up. Companies that aim for long-term success tend to find it, while those who reach for short-term gains end up with lower corporate profits, reduced shareholder returns, and more limited job creation.

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