An article in Advisor Perspectives gives an overview of comments by DoubleLine Capital chief investment officer Jeffrey Gundlach regarding the corporate bond market. In a podcast last November, Gundlach reportedly…
Grim Stock Signals Accumulating
An article in Bloomberg discusses what market indicators seem to be saying about the economy, adding that “while few see incontrovertible signs investors are bracing for a recession, it’s a…
Discretionary Meets Quantitative Investing in Artificial Intelligence
The advent of artificial intelligence may bridge the gap between the subjectivity of discretionary investing and the rigidity of quantitative investing, according to an article in CFA Institute. Recent developments…
Factor Timing: Sin Less Than a Little
By Jack Forehand (@practicalquant) — There is perhaps no issue that is the subject of more debate in the factor investing community than factor timing. We are all trained to buy…
WorldQuant's New Fund Underperformed
The first quant fund established for outside investors by the Connecticut-based firm WorldQuant has lagged its benchmark from the outset, according to an article in Bloomberg. The quant stock fund…
An Analysis of Buffett's Alpha
A 2018 paper published in the Financial Analyst’s Journal analyzes the alpha created by Warren Buffett’s Berkshire Hathaway. The introduction, by authors Andrea Frazzini, David Kabiller, and Lasse Heje Pedersen…
Persistence Results, But Not Really
Even though most people in the investment world are consistently told that past performance is not indicative of future results, some claims regarding performance of private equity firms can be…
Goldman's Bear Market Indicator Signaling Zero Returns Over Coming 12 Months
Goldman Sachs’ bear market prediction metric is at 73 percent, the highest level since the late 1960s and early 1970s, according to a CNBC.com article. The elevated level has historically…
Paul Tudor Jones: Global Debt Overload Will Lead to "Scary Moments"
Billionaire hedge fund manager Paul Tudor Jones says the world has too much debt, a situation that could lead to “trouble across markets and asset classes,” according to an article…
McKinsey: Gap Widening Between Best and Worst Asset Managers
McKinsey & Co.’s annual review of the North American asset management industry (published in November) shows that in 2017, “managers in the top quartile grew revenue by 21 percent versus…