Louis Bacon is stepping away from Moore Capital Management, which will return money to investors from three of its flagship funds “while continuing to invest on behalf of the firm’s…
The Misery of Value Investing
A recent article in Institutional Investor discusses the challenges faced by value investors and the reasons behind them. “There’s no single reason for this unprecedently bad run for value investing,”…
Excess Returns, Episode 1: The Mechanics of Value Investing
We are happy to announce the release of our new podcast Excess Returns. On each episode, Validea partners Justin Carbonneau and Jack Forehand will talk about a wide range of…
Listening to “Armageddonist” Predictions Can Prove Costly
A recent MarketWatch article shares the findings of one industry executive who had reportedly had enough of end-of-days-like market predictions and did some calculations of his own. Michael Cembalest, chairman…
Dimensional Changes investment Process
After years of research, quant investing pioneer Dimensional Fund Advisors added a new source of return to its investment process, according to a recent article in Institutional Investor. “Dimensional is…
Ten Companies with the Most Cash
“American companies are sitting on piles of cash, frustrating investors and leading some on Wall Street to wonder why they aren’t spending,” according to a recent CNBC article. Microsoft tops…
“Golden Cross” Price Pattern Forming Small Caps
A MarketWatch article from earlier this month discussed the possibility of a “golden cross” price pattern to emerge in the Russell 2000 index, the benchmark of small cap stocks, which…
Emerging Markets a Bargain or Fool's Gold?
A recent Financial Times article debates the long-standing assertion by GMO that emerging market shares are a good deal, citing the firm’s comment that “EM equities are as appealing as…
Prepare for Long Period of Low Returns
A recent article in CFA Institute offers insight from AQR’s Antti Ilmanen on how investors can adapt to a low-interest rate environment. The article reports that at a recent conference…
Investing Lessons from Hedge Fund Star Jim Simons
An article in MarketWatch argues that, while it’s impossible for the typical individual investor to trade like quant legend Jim Simons, “there are lessons every investor can learn from Simons’s…