Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at the poor forecasting ability of active share.

Quote of the Day

"In sum, PE LPs are paying higher-than-S&P 500 prices for near-distressed credit quality micro-caps with a heavy sector bias toward tech and healthcare."

(Dan Rasmussen)

Chart of the Day

What’s driving risk parity strategies in 2022.