Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out including a look at how REIT returns play in a portfolio.
Quote of the Day
"Investing for the long term doesn’t mean a handful of years. It means decades. It means your investing lifetime."
(Bob French)
Private equity
- Allocators need better models to value their private holdings. (institutionalinvestor.com)
- It's hard to pencil out strong private equity returns moving forward. (alphaarchitect.com)
Factors
- The case for diversifying away from the market factor. (alphaarchitect.com)
- No matter how you define growth, those stocks have been a disappointment over the past two decades. (insights.finominal.com)
Quant stuff
- How turnover affects taxable investors in hedge funds. (albertbridgecapital.com)
- Many investors don't understand the difference between arithmetic and geometric returns. (klementoninvesting.substack.com)
Research
- A look at the returns of private debt funds. (kitces.com)
- How higher interest rates affect a return-stacked portfolio. (blog.thinknewfound.com)
- A century long look at various asset allocation strategies. (papers.ssrn.com)
- How investment management operations are organized matters more than any 'model' they follow. (papers.ssrn.com)
- Do institutional investors actually move the needle on corporate carbon footprints? (alphaarchitect.com)
