Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at why trend following performs well during periods of high inflation.
Quote of the Day
"Indeed, the strongest argument in favor of portfolio rebalancing is to keep risk in check."
(Amy Arnott)
Credit
- Earnings calls provide information for credit analysts as well. (papers.ssrn.com)
- On the performance of private credit. (institutionalinvestor.com)
Portfolio management
- Alpha calculations don't matter if allocators ignore them. (blogs.cfainstitute.org)
- Does adding a trend filter to bonds matter in a portfolio context? (alphaarchitect.com)
- Why would anyone bet their money on this so-called 'anomaly'? (klementoninvesting.substack.com)
Research
- Emerging markets act like a big risk-on asset. (mailchi.mp)
- A look at litigation finance as an alternative asset. (alphaarchitect.com)
- What NBER recession calls tell us about the stock market. (klementoninvesting.substack.com)
- How well do hedge fund benchmarks capture real life performance? (markovprocesses.com)
- How well do sell-side analysts manage 'decision fatigue'? (papers.ssrn.com)
- Once again with feeling, low fees matter. (ft.com)
- A review of recent multi-factor strategy research 'Multifactor Funds: An Early (Bearish) Assessment.' (capitalspectator.com)
