Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the historical performance of markets during crises.
Quote of the Day
"Low volatility has been the darling of the style factor investment world and for good reason. Who doesn't want lower risk and higher returns? It has been a free lunch that should not exist."
(Mark Rzepczynski)
Research
- Why quant strategies are underperforming: 'too many foxes, not enough rabbits.' (brucepackard.com)
- Why venture capital isn’t worth the hassle for most investors. (factorresearch.com)
- The what/when/why of diversification matter when it comes to portfolio construction. (blog.thinknewfound.com)
- Investors don't get paid for holding stocks with greater downside risk. (klementoninvesting.substack.com)
- Hedge fund 'families' have a tendency to hold similar positions. (institutionalinvestor.com)
- Why bond ETFs are bringing greater transparency to bond pricing. (alphaarchitect.com)
