Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at the cost and complexity of downside protection ETFs.
Quote of the Day
"The key to trading alternative markets is not just based on backtested returns, but also on the correlation with the existing markets."
(Mark Rzepczynski)
Round-ups
- A round-up of recent academic research including 'Equal-Weighting: The Contrarian Trading View.' (alphainacademia.substack.com)
- A round-up or recent research including 'Expected Stock Returns in Bullish Times.' (quantseeker.com)
Factors
- Factors work best in the small cap universe. (mailchi.mp)
- What investors need to know about the 'low volatilty' factor. (wealthmanagement.com)
Careers
- To succeed on the sell-side, accuracy doesn't matter much. (covestreetcapital.com)
- How disparities in pay show up in the asset management industry. (papers.ssrn.com)
Research
- A smooth ride is not the same as a safe ride. (alphaarchitect.com)
- How to think about investing (or not) thematic funds. (alphaarchitect.com)
- You can't simply look at strategies on a standalone basis. (mrzepczynski.blogspot.com)
- How HFT differentially affects the cost of trading stocks. (bis.org)
- We will miss quarterly earnings reports when they are gone. (acadian-asset.com)
- How capital gains taxes are causing housing market misallocations. (economy.com)
