Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at the performance of the S&P 500 Dividend Aristocrats.
Quote of the Day
"We all know, at least intuitively, that it’s one thing to find signals that once worked, and quite another to identify those that still do."
(John Rekenthaler)
Quant stuff
- Just because someone says that use quantitative tools, doesn't mean they do. (researchaffiliates.com)
- Why two investors with the same information can come to different decisions. (mrzepczynski.blogspot.com)
Private equity
- Why you should be skeptical of private equity return claims. (alphaarchitect.com)
- Why pension funds change their private equity benchmarks so often. (institutionalinvestor.com)
Research
- A review of the momentum research, 30 years in. (papers.ssrn.com)
- How well have hedge fund replication ETFs done their job? (insights.finominal.com)
- Do circuit breaker price levels act as attractors? (klementoninvesting.substack.com)
- How to use machine learning to identify superior fund managers. (corpgov.law.harvard.edu)
- Historically how long does it take for inflation to play out? (alphaarchitect.com)
