EQIRA: Empirical and Quantitative Investment Research and Analysis

News Worth Reading: May 6, 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

  • How the hedge fund industry might evolve over the next several years (awealthofcommonsense)
  • Secretive hedge funds outperform in good times, underperform in bad times (wsj)
  • Trading at a bank and trading at a hedge fund are two very different things (efinancialnews)
  • AIG is pulling $4.1 billion from hedge funds (yahoo)
  • MetLife is giving up on hedge funds too (wsj)


  • Fund objectives often don’t give you a very clear idea of actual fund risks (econompicdata)
  • Don’t expect much alpha from your liquid alt fund (etf)
  • Economic data is getting leaked and traded upon prior to official announcements (bloomberg)
  • Some big names in private equity are projecting lower returns going forward (pionline)
  • Three academic papers that will change your views on market efficiency (alphaarchitect)
  • Investment research is often full of biases (advisorperspectives)


  • Asset price dynamics haven’t changed much in the last 200 years (arxiv)
  • A study of 56 major markets finds little support for predictive price patterns (ssrn)
  • Comparing backtested and live performance on 888 algorithmic trading strategies (ssrn)
  • An adaptive benchmark for trend following funds (ssrn)
  • Smart beta indexes do not give you true factor exposure (ssrn)
  • Applying a dynamic Black-Litterman approach to asset allocation (ssrn)

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