By Justin Carbonneau (@jjcarbonneau) — We’ve been running quantitative model portfolios since 2003. While many of our models were launched after that, our initial set of guru models actually went…
Tag: Performance
The Investment Table Suckers
Institutional investors (i.e. mutual funds) outperform the market before fees—at the expense of retail investors, who underperform after fees. This conclusion comes from several recent studies, as detailed in an…
The Danger of Overscrutinizing Out of Favor Investment Metrics
By Jack Forehand (@practicalquant) — No investing factor has been maligned more than the Price/Book in recent years. In a period where value in general has performed very poorly, the Price/Book…
When Hypothetical Becomes Real
By Jack Forehand (@practicalquant) — The day you begin to follow a new investment strategy is typically a day of optimism. You have done your research, you have looked at the…
Be Cautious of Mutual Funds Run by Hedge-Fund Managers
A recent study has found that “mutual fund managers who also run hedge funds significantly underperform their mutual fund peers,” according to an article in Barron’s. The article cites comments…
Higher Fund Assets Can Lead to Poorer Fund Performance
Research recently released by Duke University shows that “greedy” funds with rising asset levels can return poorer performance for investors, according to an article in Institutional Investor. Evidence presented in…