Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at why value stocks seem to outperform during periods of high inflation.
Quote of the Day
"Even during a decade marked by an almost uninterrupted bull market, the average stock wasn’t much good."
(John Rekenthaler)
Hedge funds
- The problem with hedge funds isn't that don't actually hedge. (eranraviv.com)
- Individual investors are not missing out anything by not being able to invest in hedge funds. (seekingalpha-com.cdn.ampproject.org)
Factors
- How you measure a factor matters a lot. (insights.factorresearch.com)
- Six things to look at to screen out potential value traps. (blog.validea.com)
- Properly accounted for, do ESG strategies actually outperform? (institutionalinvestor.com)
Research
- Contrary to recent history, there are period of time during which bonds outperform stocks for years at a time. (papers.ssrn.com)
- Can the overnight anomaly be improved upon? (quantpedia.com)
- High frequency traders help keep ETF NAVs in-line. (cfainstitute.org)
- Do investment consultants have any ability to identify superior managers? (fwpwealth.com)
- How did the Lehman Bros. bankruptcy affect the career path of employees? Surprisingly, not that much. (papers.ssrn.com)
- There is a relationship between trust in financial services and advice-seeking. (alphaarchitect.com)