Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at the relationship between the quality and value factors.
Quote of the Day
"An investment that is risk free over a six month time period will not be risk free, if you have a ten year time horizon...By the same token, an investment that delivers a guaranteed return over ten years will not be risk free to an investor with a six month time horizon."
(Aswath Damodaran)
Venture capital
- Venture capital fund performance is mid. (ft.com)
- Good luck calculating the returns to venture capital. (morningstar.com)
Private equity
- Listed private equity performance is nothing special. (alphaarchitect.com)
- An introduction to private credit. (ft.com)
Behavior
- Longer trading hours are not a good thing for retail traders. (papers.ssrn.com)
- How shopping in the grocery store is different than shopping online. (papers.ssrn.com)
Research
- What drives changes in the stock-bond correlation? (papers.ssrn.com)
- Comparing the diversification benefits of CTAs and global macro funds. (insights.finominal.com)
- A round-up of recent research on factor premia. (capitalspectator.com)
- How to think about risk-free rates in different currencies. (aswathdamodaran.blogspot.com)
- ESG investors want to have their cake and eat it too. (wsj.com)
- Even without poison pills, companies find a way to entrench management. (institutionalinvestor.com)
- How cryptocurrencies react to monetary tightening. (econbrowser.com)
