…16 years it has been collecting data that these elite colleges have lagged the indexed portfolio when analyzed over a ten-year period. MPI also found the “volatility of the endowment…
Search Results for: low-volatility funds
Five Questions: Multi-Factor Investing with Liqian Ren
…shops typically do. Over longer periods, low-volatility stocks have not consistently outperformed the market – though they do typically deliver on the promise of lower risk. But low volatility stock…
The Death of the Hedge Fund Industry Has Been Greatly Exaggerated
An article in Bloomberg reports that, despite the closure of some bigger name hedge funds, the overall number of liquidations fell in 2018. What may have seemed like an omen…
Market Observations from Bill Miller
…drive things rather than the actual fundamentals.” The health of the U.S. economy is “outstanding” as evidenced by earnings growth, a still positively-sloped yield curve, solid wage growth, low unemployment…
Study Claims That the Momentum Factor Doesn't Work
…which evaluated 11 U.S. momentum-style equity funds with at least three years of history, found that the “majority of these portfolios weren’t able to deliver above-market return for investors after…
New Research Shows Charities are Bad Investors
…IRS data to estimate returns on the investment funds of early 29,000 nonprofits organizations with a total of $662 billion assets. According to the article, this gave a broader measure…
Grim Stock Signals Accumulating
…the past,” citing the rise in defensive industries and a “sudden craze” for low-volatility stocks. It also notes that analysts don’t necessarily see a recession coming soon, but rather that…
Factor Timing: Sin Less Than a Little
…low and sell high, and it is tempting to conclude that we can do the same thing with factors. For example, if value stocks have struggled for a long period…
WorldQuant's New Fund Underperformed
…to remain anonymous. “Funds that use computer-driven models to follow big market trends were whiplashed as price volatility spiked,” the article says, adding that global stocks “plummeted the most in…
Persistence Results, But Not Really
…is supported by research data published in the Journal of Finance). The article concludes that although some private equity funds and private investment opportunities are “top-notch and worthwhile from both…