EQIRA: Empirical and Quantitative Investment Research and Analysis

News Worth Reading: August 12, 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

  • Barclays says supersized hedge funds are causing the industry as a whole to underperform (bloomberg)
  • Over the last several years growth in hedge fund assets has substantially outpaced returns (hedgeweek)
  • Reuters expects the number of active hedge funds to shrink for the first time since 2009 (reuters)

Factor Investing

  • Just because something is straightforward and understood doesn’t mean it stops working (cordantwealth)
  • Factor performance can depend significantly on underlying conditions (econompicdata)
  • The pioneer of smart beta investing fears copycats may fuel a smart beta crash (marketwatch)

Investing

  • When does active investing beat passive investing? (allaboutalpha)
  • Institutional investors, on average, have severely unrealistic return expectations (thinknewfound)
  • Investors overpay for wagers with low probabilities of a high payout (etf)
  • Humans usually favor their beliefs over uncertain, but more accurate, models (rpseawright)
  • How to skillfully read financial news (cfainstitute)
  • Venture capital has not been kind to CalPERS (bloomberg)
  • From 2009 to 2014, Virtu lost money on only one day (bloomberg)

Research

  • Perhaps secondary market private equity investing should be an actual strategy (ssrn)

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