EQIRA: Empirical and Quantitative Investment Research and Analysis

News Worth Reading: July 8, 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

  • We’re probably not going to witness a post-Brexit mass exodus of hedge funds from the UK (reuters)
  • More hedge funds expect Brexit to benefit their portfolios than hurt (finalternatives)
  • The Osaka Exchange’s CEO calls for increased transparency around high frequency trading (bloomberg)
  • Bridgewater’s Pure Alpha is taking it on the chin (efinancialnews)


  • There’s no reason why bond yields can’t keep falling (bloomberg)
  • Statistical significance is not the same as economic significance (eranraviv)
  • Alpha is model-dependent and needs to be adjusted for risk (thinknewfound)
  • Are bonds in an anti-risk bubble? (awealthofcommonsense)
  • Creating an alternative investment strategy with value and momentum (alphaarchitect)
  • Private equity investors lose big if they try to sell their stakes early (ssrn)


  • Using clustering algorithms to group stocks into statistical “industries” (ssrn)
  • Out-of-the-money option volumes can predict stock price movements (ssrn)
  • Under uncertainty, naïve asset allocations can outperform optimizations (ssrn)

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