The publication, on 2 February, of a non-farm payrolls report showing the biggest jump in wage gains since the end […]
Absolute return is seen as the holy grail of asset management: pure performance without market risk. Theoretically, any source of […]
Equities continued to rally in July The MSCI AC World index rose by 2.7% in US dollar terms in July, […]
As investors, we are constantly on the lookout for liquid assets offering attractive and steady returns. Although it is commonly […]
Please note that this article may contain technical language. For this reason, it is not recommended to readers without professional […]
The MSCI World Minimum Volatility index has had a very poor run of performance recently. In absolute terms the index […]
Adding a constraint to any investment management process can only reduce its efficacy. However, investors often have explicit or implicit […]
Robert Haugen, who discovered the low-volatility anomaly in 1972, wrote numerous articles and books to try to popularise what he […]
An important consideration for equity positioning today is understanding what’s been behind the returns in equity markets so far this […]
A Chinese portrait is a metaphorical description of something or somebody via a comparison with various things or elements, an […]
Here are four major neglected findings of modern finance. They have been proven effective in improving risk-adjusted investment returns, based […]
Equity low-volatility strategies have largely outperformed* their market capitalisation benchmarks in the turbulent times for stock markets since the start […]
Smart beta investing remains a hot topic in our industry’s forums, conferences and specialist journals. However, what began as a […]
Behavioural psychology studies are doubting whether portfolio manager with their own skills, analysing market environments can outperform simple algorithms.
Investors tend to give too much attention to short-term relative performance figures. As a solution to this, the amLeague organises a paper trading game where managers play as if they were managing a real portfolio.
During the summer, we created a quiz to work out which of the four main alpha quant factors suits each individuals personality best. Being quants, we could not resist the temptation to analyse the results…
Highlighting the importance of combining the four cardinal virtues of Plato in relation to the four main long-term factors of equity outperformance, rather than “timing” them.
Low-volatility equities are playing an important role in investor portfolios. Here we address the important question of what investors should expect in the short-term from investing in these funds.