…by Investors [3] Quant Investor Cliff Asness Defends Factor-Based Strategies [4] Hulbert: Is the Traditional Method for Measuring Value Stocks Wrong? ——- Photo: Copyright: arcady31 / 123RF Stock Photo …
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Quant Investor Cliff Asness Defends Factor-Based Strategies
…up for value.” When asked whether factors can stop working, Asness says, “Absolutely. It’s something we actively monitor.” He believes in mean reversion to the extent that factor-based strategies will…
The Underappreciated Role of Luck in Investing
…view that luck has been an “instrumental factor in building his billionaire fortune.” “Luck may seem like the least tangible, least controllable success factor,” the article says, offering an example…
Alignment of Investing Styles Not Necessarily Bad Omen
…cites a range of data that tracks the performance of factor investing styles over time: “So,” writes Kaissar, “it’s not necessarily true that factors uniformly disappoint during downturns. Nor is…
Discipline is Key to Investing Success
…and they stuck to it.” He added, “All the factors we look at in this type of a study—every factor I know of—goes through periods of outperformance and underperformance. These…
Could Index Investing Miss the Best Stock Bets?
…be a contributor, the article notes that size might not be the only factor. The same trend, it notes, was found in what it describes as another group of “index…
Swedroe on Factors in Emerging Market Stocks
…premiums found in these factors in developed markets were not a result of data mining exercises, which, in turn, should offer confidence that an ex-ante premium for these factors exists…
Could Simple be the New Complex?
…ends up beating the complex. Sticking to the Basics Simplicity has also been very successful historically in value investing. Much of the academic research on value used fairly basic factor-based…
Volatility Presents Hidden Risk to Hedge Fund Returns
…their returns.” Blitz says that moving away from a low-volatility factor represents one of the “top three drivers of fast money performance.” While the article acknowledges that the low-volatility factor…
Swedroe on What Makes Factors Last
…be met to suggest that a factor will endure. According to Swedroe, a factor should first meet the following two conditions: Be a unique source of risk and return not…