EQIRA: Empirical and Quantitative Investment Research and Analysis

News Worth Reading: August 5, 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

  • Institutional investors aren’t using hedge funds as effectively as they could be (econompicdata)
  • The Harvard Endowment intends to rely more heavily on external managers (bloomberg)
  • Jack Meyer’s Convexity, which spun out of the Harvard Endowment, is bleeding assets (bloomberg)

Quantitative Investing

  • Investing in quant funds is becoming popular, but there are capacity issues (ft)
  • Discretionary hedge funds are bringing in quants to gain an edge (bloomberg)
  • More on the arms race among quantitative hedge funds (bloomberg)
  • Finding the optimal number of clusters in a cluster analysis (quantdare)


  • Long-term pension return assumptions are ridiculous (soberlook)
  • Why some new funds succeed and others fail (morningstar)
  • For a market to be efficient, you need to be able to short (etf)
  • Sharpe ratios are useful, but you should take them with a grain of salt (capitalspectator)
  • Understanding the profitability premium (etf)
  • Stock dividends have their own abnormal return premium (thinknewfound)
  • The private credit market has grown by 27% over the last year (finalternatives)
  • JP Morgan needs Virtu’s help to trade Treasuries (wsj)


  • Published return anomalies persist, except in the United States (ssrn)
  • What drives the demand and supply of private equity and venture capital funds? (ssrn)
  • Prediction market prices do not equal the probability of the underlying event (ssrn)

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