Research indicates endowments have not discovered a secret alpha formula.
Research indicates endowments have not discovered a secret alpha formula.
Hint: Look beneath the comparisons.
Don’t believe everything you hear about factors.
It doesn’t seem to be worth the effort.
It lies at the root of many bad investment decisions.
A look at the explanatory power of an important factor.
Last year produced mixed results across asset classes for hedge funds, but market efficiency won again.
Structure and cost are key when picking a fund, but so is seeing through recency bias.