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Most recent postings
| How Innovative Is Your Organization? 10/29/21 Asset Owner |
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Across the spectrum of asset owners, organizations differ dramatically in their approach to innovation. Finding where you are and deciding where you want to be can start with a simple step. |
| Two Decades of Factor Returns 10/26/21 Charts |
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“Smart beta” was all the rage a few years ago, but many factor strategies have struggled since then. Here’s a look at the returns on size, value, beta, momentum, and quality. |
| Mass Customization and Tactical Asset Allocation 10/25/21 Investment Advisor |
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A recent paper offers an “industrial tactical asset allocation process,” prompting a quick review of the methodology and some observations about balancing theory, practice, customization, and industrialization. |
| The Problem of Overconfidence in Investment Practice 10/23/21 The Research Puzzle |
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“Fake it till you make it,” they say, but fostering promotional conduct rather than an open examination of the issues at hand is a significant problem in many investment interactions. |
| Education, Sleuthing, Visualization, and More 10/20/21 Learning Curve |
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In the spirit of Letters to a Young Analyst, this posting includes links to items on investment education, analysis, and careers — as well as a sad farewell to a noted industry professional. |
| The Allure and Anchoring of Targeted Returns 10/19/21 Due Diligence |
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Due diligence involves cracking the narratives developed by asset managers, return expectations among them. Here are some notable disconnects that can result, as well as a simple strategy to deconstruct those expectations. |
| A Case Study in Three Dimensions of Asset Manager Practice 10/15/21 Asset Manager |
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A look at ARK Investment Management brings up universal questions about the role of experience, the structure of research activities, and the balance between firmly-held beliefs and the openness to other voices. |