Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out including a look at carbon credits as a portfolio diversifier.
Quote of the Day
"Buying infrastructure investments as an inflation hedge only works if you have an extremely long investment horizon as pension funds do."
(Joachim Klement)
Research
- Low volatility portfolio returns are regime-dependent. (advisorperspectives.com)
- How asynchronous trading affects measures of risk. (alphaarchitect.com)
- A look at strategic diversification of tactical strategies. (priceactionlab.com)
- Long-short hedge funds are in secular decline. (mathinvestor.org)
- Future earnings growth is hard to forecast. (evidenceinvestor.com)
- Infrastructure is a uniquely long term asset class. (klementoninvesting.substack.com)
- Why institutional investors don't mind when PE managers manipulate their returns. (institutionalinvestor.com)
- A primer on free cash flow. (aswathdamodaran.blogspot.com)
- People view cash in the bank vs. their brokerage account differently. (papers.ssrn.com)