Monday is all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the current high cost of low vol stocks.
Quote of the Day
"Merger arbitrage is really just a put-selling exposure wrapped in a cloak and dagger mystique."
(David Foulke)
Research links
- Why you should not worry about the level of passive investing. (philosophicaleconomics.com)
- Risk management strategies almost always come with some costs. (blog.thinknewfound.com)
- On the persistence of the buyback anomaly. (papers.ssrn.com)
- How the day-of-the-week affects anomalies. (blog.alphaarchitect.com)
- Why alternative asset funds underperform. (etf.com)
- The downside of secretive hedge funds: when they decline no one knows why. (blogs.wsj.com)
- Active share is a fuzzy number. (blogs.cfainstitute.org)
- The downside of giving individual investors unlimited, cost-free trades in their retirement accounts. (papers.ssrn.com)
- Do online and offline prices jibe? (papers.ssrn.com)
- A model for crowdfunding. (papers.ssrn.com)
