by admin | Feb 20, 2021 | Uncategorized
Active skill exists …. but it is challenging to detect reliably and, even when present, decays over time. The Problem: The traditional approach to manager selection involves some combination of quantitative and qualitative analysis, but conventional...
by admin | Feb 5, 2021 | Uncategorized
The conventional approach to evaluating past performance does not tell us anything useful about the future. The Problem: Portfolio performance evaluation is useful only if it can lead to actionable insights. The uncomfortable truth is that conventional...
by admin | Jan 3, 2021 | Uncategorized
ESG constraints can create unintentional systematic exposures within equity portfolios.Once identified and measured, these exposures are easily managed. Over the past decade, many insurers have incorporated Environmental, Social, and Governance (ESG) investment...
by admin | May 21, 2018 | Uncategorized
In order to earn its fees, an active mutual fund must take risks. Much of the industry does not even try. Mutual fund closet indexing is the practice of charging active fees for passive management. Over a third of active mutual funds and half of active mutual fund...
by admin | Jun 8, 2022 | Uncategorized
by admin | Jun 4, 2022 | Uncategorized
Please consider reviewing a risk analysis of any of your equity portfolios or funds. If you provide holdings (tickers or ISINs), weights, and the portfolio’s benchmark, we’ll respond with: Your portfolio’s current risk relative to its benchmark (its...
by admin | Dec 11, 2021 | Uncategorized
Equity Risk Models Built for...
by admin | Dec 9, 2021 | Uncategorized
ESG constraints can create unintentional systematic exposures within equity portfolios.Once identified and measured, these exposures are easily managed. Over the past decade, many insurers have incorporated Environmental, Social, and Governance (ESG) investment...
by admin | Dec 1, 2021 | Uncategorized
The best way to see the value of passive-factor risk models is to try the them. Take a test drive. Drive as far as you like, for as long as you like, without any obligation. You’ll be glad you did. Or let us share how your ESG guidelines change your equity...
by admin | Dec 1, 2021 | Uncategorized
ESG constraints create unintentional systematic exposures within equity portfolios. Once identified and measured, these exposures are easily managed. We would be pleased to model how your ESG criteria change your portfolio’s risk exposures. Over the past decade,...
by admin | Nov 23, 2021 | Uncategorized
Redefining Active RiskIsolates Skill and Reveals Closet-indexers Passive beta differences with a benchmark are a byproduct, typically unintentional, of any stock-selection process. Since consistent passive differences, once properly identified, can be freely...
by admin | Jun 29, 2021 | Uncategorized
Beta A beta coefficient can measure the volatility of an individual stock compared to the systematic risk of the entire market, a market sector, or style. In statistical terms, beta represents the slope of the line through a regression of data points. In finance,...
