Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at why FX hedging is not a set-it-and-forget-it exercise.
Quote of the Day
"It’s mediocre tools that we have to watch out for. They quietly and persistently corrupt our intent and force us to work harder on the parts that don’t matter as much."
(Seth Godin)
Chart of the Day
Elite college endowment funds have increased their exposure to private equity and venture capital over the past decade.
Research
- On the relationship between price momentum and factor momentum. (mrzepczynski.blogspot.com)
- How researchers are using intangibles to update their value factors. (alphaarchitect.com)
- What it takes to become, and stay, a star sell-side analyst. (klementoninvesting.substack.com)
- What drives the end-of-day reversal effect? (papers.ssrn.com)
- How valuation disparities affect bond ETFs. (papers.ssrn.com)
- Venture capital exposure has been a performance drag for the elite college endowment funds. (markovprocesses.com)
- LLMs can now write academic research papers. (papers.ssrn.com)
