EQIRA: Empirical and Quantitative Investment Research and Analysis

News Worth Reading: April 22, 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 number of billion dollar hedge funds dropped slightly in 2015 (reuters)
  • Hedge funds had their largest quarterly outflows since 2009 (finalternatives)
  • How NOT to approach allocators (cfainstitute)
  • Man AHL is fully embracing machine learning (ft)


  • Managers lacking high long-term returns can still present compelling opportunities (researchpuzzle)
  • Black swans are not as common as you think (bloombergview)
  • Private equity is vastly overrated (etf)
  • The Shiller CAPE’s long-term mean might not be an appropriate benchmark (etf)

Quantitative Investing

  • Models don’t have to have high R-squareds to be valuable (quantstrattrader)
  • Well-designed computer models tend to be much better than humans at predicting things (alphaarchitect)
  • Twitter can offer trading signals ahead of Fed announcements (pionline)


  • It’s very difficult, if not impossible, to consistently time factor performance (ssrn)
  • The Sharpe Ratio isn’t inherently better than other performance measures (ssrn)
  • Does technical trading still work in foreign exchange markets? (ssrn)
  • Measuring liquidity in US fixed income markets (ssrn)

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