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 stocks kicked out of major benchmarks.
Quote of the Day
“A lot of big paradigms came in the 1960s and ’70s. But there’s no new options pricing theory, capital asset pricing model or efficient market hypothesis. People are now basically working on the details. But it’s time for a big jump forward.”
(Eugene Fama)
Chart of the Day
The U.S. stock market has a higher percentage of free float than other major markets.
Research
- Why diversifying widely matters. (papers.ssrn.com)
- Costs are forever. Alpha is fleeting. (blogs.cfainstitute.org)
- A look at the historical performance of private debt funds. (alphaarchitect.com)
- How to replicate managed futures trend following returns. (investresolve.com)
- Do happy employees make for better stock returns? (ft.com)
- A round-up of recent research including 'Private Credit's Next Act.' (bpsandpieces.com)
- Institutional investors have a leg up on retail investors when it comes to muni bond pricing. (advisorhub.com)
- Companies don't seem to optimize their 401(k) matches. (papers.ssrn.com)
- Lessons from Carrie Sun's "Private Equity." (investmentecosystem.com)
- When local newspapers close, corruption increases. (washingtonpost.com)
