EQIRA: Empirical and Quantitative Investment Research and Analysis

News Worth Reading: January 15, 2016

There’s always great information out there if you know where to look. The following comprises our list of news worth reading from the past week.

Hedge Funds

  • The top 10 factors driving hedge fund returns (eqira)
  • Goldman forecasts hedge funds will earn 3-4% this year (hedgeco)
  • According to Preqin, hedge funds should brace for declining AUM (ft)
  • Alternative managers display more dispersion than traditional managers (abglobal)
  • Several quant funds racked up gains in 2015 (forbes)
  • Several elite hedge fund managers booked annual losses for the first time (finalternatives)
  • 2016 has brought more losses for Bill Ackman’s Pershing Square (businessinsider)
  • Steve Cohen won’t be managing outside capital for at least 2 years (finalternatives)
  • Crispin Odey is rebounding in a big way so far this year (efinancialnews)
  • Glenview Capital’s woes continue (businessinsider)

Factor Investing

  • The challenges and pitfalls of measuring factor exposures (dailyalts)
  • Factor investing works best when you diversify across multiple factors (thinknewfound)
  • Only a small number of factor anomalies have persisted (dailyalts)

Investing

  • It was a tough year for risk parity strategies (finalternatives)
  • 1.3% is the most a long only, broad asset class investor could have earned last year (bsam)
  • Asset allocation matters more than security selection (gestaltu)
  • Avenue Capital’s Credit Strategies Fund hasn’t reported returns since mid-December (businessinsider)

Research

  • Hedge funds are contrarian, mutual funds are trend followers (ssrn)

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