Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at the impact of alternatives on pension fund returns.
Quote of the Day
"The impact between training and testing is clear. We can improve our training model through adding complexity which should increase accuracy, but this will result in overfitting."
(Mark Rzepczynski)
Alternatives
- Pension plans could generate equivalent returns with low-cost, index investments. (crr.bc.edu)
- Equity funds with VC investments don't outperform. (papers.ssrn.com)
- Just how big is the carried interest loophole. (papers.ssrn.com)
52 week highs
- Liquidity picks up at 52-week highs. (papers.ssrn.com)
- Do corporate bonds take note of 52-week stock highs? (papers.ssrn.com)
Corporate finance
- When faced with investor uncertainty, management accelerates disclosures. (papers.ssrn.com)
- Why you shouldn't trust companies that say 'trust' a lot. (wsj.com)
- You can't always trust buyback announcements. (klementoninvesting.substack.com)
Research
- Just how predictable is the VIX? (papers.ssrn.com)
- What low short interest levels say about a stock. (alphaarchitect.com)
- Is MaxCU a better measure of manager performance than something like the Sharpe Ratio? (papers.ssrn.com)
- Why factor strategies benefit from smart rebalancing. (alphaarchitect.com)
- Why CTAs have diversified into individual equities. (insights.finominal.com)
- Retail traders just can't quit lottery stocks. (papers.ssrn.com)
