EQIRA: Empirical and Quantitative Investment Research and Analysis

News Worth Reading: February 26, 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

  • Many hedge fund investors have unrealistic expectations (researchpuzzle)
  • Hedge fund AUM is expected to grow by 5% this year to more than $3 trillion (hedgeweek)
  • Investors expect long/short and global macro to be the best performing strategies this year (reuters)
  • Hedge funds are very good at handling the non-investment aspects of the business (awealthofcommonsense)
  • Traders that can code are in demand (nytimes)
  • Ex-Harvard endowment duo to start commodity and fixed income hedge fund (pionline)

Factor Investing


  • Investing in top performing mutual funds is a money losing strategy (etf)
  • More than 120 Wall Street analysts estimate the probabilities of different tail risks (businessinsider)
  • A quant’s approach to building trading strategies: Part 3 (quandl)
  • U.S. financial stress is at a 4-year high (capitalspectator)


  • Post-launch ETF performance tends to be materially lower than pre-launch performance (alphaarchitect)
  • Solvency risk is the primary risk factor captured by currency carry trades (ssrn)
  • Trading based on changes in commodity term structure earns abnormal profits (kafo)
  • The Shiller CAPE is capable of predicting long-term returns in international markets (ssrn)

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