EQIRA: Empirical and Quantitative Investment Research and Analysis

News Worth Reading: August 19, 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

  • Why investors are, in theory, better off with smaller hedge funds (mrzepczynski)
  • There are at least 8 distinct strategies pursued by managed futures funds (mrzepczynski)
  • A NEPC survey shows pensions and endowments have been slashing their hedge fund exposure (yahoo)
  • Small hedge funds are outperforming large hedge funds year-to-date (preqin)
  • A profile of the whistle-blower that brought down Visium (bloomberg)
  • A look at the personality testing Bridgewater conducts on interviewees (businessinsider)

Factor Investing

  • Several equity return anomalies survive even after accounting for transaction costs (alphaarchitect)
  • Low volatility equity ETFs replace market risk with exposure to other risks (thinknewfound)
  • The benefits to low volatility investing are evaporating (etf)


  • Risk parity strategies get a bad rap (gestaltu)
  • Is the $VIX too low or are high yield spreads too wide? (gavekalcapital)
  • Tech companies have comprised 19% of U.S. private equity buyouts this year (bloomberg)
  • Lilly King would not be a fan mutual fund “juicing” (bpsandpieces)
  • A rundown on some of the candidates to be the next head of the Harvard endowment (allaboutalpha)
  • CalPERS’ top staff members can make billions worth of investments without seeking approval (pionline)


  • A method for producing more reliable factor-replicating portfolios (ssrn)
  • The ratio of gold-to-platinum prices has widespread predictive power (ssrn)
  • Are low private equity returns the new normal? (cepr)
  • Two recent research papers analyzing FX carry strategies (quantpedia)

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