Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at the factors that help explain REIT returns.
Quote of the Day
"Buffer funds by and large have sold investors the promise of comfort, cloaked in complexity, at the cost of risk-adjusted returns."
(Cliff Asness)
Quant stuff
- Some recent academic research including 'Cross-Sectional Spillovers of Earnings Surprises and Asset Price Anomalies.' (alphainacademia.substack.com)
- A round-up of recent white papers including 'The Next Frontier in Private Credit Secondaries.' (bpsandpieces.com)
- A round-up of recent academic research including 'Venture Capital as Portfolios of Compound Options.' (alphainacademia.substack.com)
Private assets
- How investors need to think about volatility laundering. (morningstar.com)
- Venture capital as a portfolio of compound options. (papers.ssrn.com)
- How the integration of insurance assets has transformed alternative asset managers. (papers.ssrn.com)
- How private equity investors get paid. (mrzepczynski.blogspot.com)
Research
- On the challenges of bond indexing. (morningstar.com)
- Buffer ETFs are all about tradeoffs. (alphaarchitect.com)
- Why IPO underpricing is overstated. (papers.ssrn.com)
- A look at some of the companies selling alternative data to hedge funds. (barrons.com)
- Why Bitcoin isn't 'digital gold.' (tscsw.substack.com)
