When ETF shares appear to be trading at a discount to the index of stocks they hold, according to a recent article in The Wall Street Journal by columnist Jason…
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Quant Funds Attempt to Disrupt Market
Quantitative hedge funds—that use mathematical algorithms to effect trades—are becoming increasingly popular, “reflecting in part a long run of underwhelming performance and expensive fees across the broader industry,” according to…
The Pros and Cons of the Shiller P/E Ratio
By Jack M. Forehand — The Shiller P/E (CAPE) Ratio has become one of the most widely followed market valuation metrics. It became popular during the Technology bubble in the…
Investors Should Imagine Pain to Evaluate Asset Allocation
While market worries abound, a recent article in The New York Times argues against trying to predict when the bull market will end or making trades based on those predictions.…
An Argument Against Passive Investing
As clients move dollars to passively managed funds, investment management firm Grantham Mayo van Otterloo has “remained bearish as markets have lifted valuations,” according to an article in Barron’s. But…
Goldman's Rebuilt Quant Approach
When quantitative equity funds experienced a meltdown ten years ago, Goldman Sachs (among the hardest hit) “began to rebuild the strategies with less leverage and more diversity,” according to a…
Master Investors Marks, Dalio & Gundlach Issue Cautionary Views on Markets
By John P. Reese — The waning days of August leave many parents looking forward to the start of school and many investors bracing for September, the month that is…
Indicators of a Market Top
Market tops tend to have three characteristics in common, and only one of them is reflected in the current environment, according to a recent article in Barron’s. The article cites…
Paul Tudor Jones See Struggles in Main Fund
The billionaire fund manager who “helped give rise to the hedge fund industry saw clients pull about 15% of their assets from his main fund in the second quarter,” according…
Investor Behavior Shows Delayed Reaction to News
A new study by Columbia Business School economists shows that the influence of news on financial markets is “often greater a year after the report than a month,” according to…