News Worth Reading: September 30, 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
- Hedge funds are slashing fees left and right to retain clients (reuters)
- Julian Robertson hates everything (businessinsider)
- Goodbye, Perry Capital (ft)
Investing
- Alpha is not as valuable as you think (longboardfunds)
- Asset allocation decisions are much more important than security selection decisions (gestaltu)
- On the importance of distinguishing between skill and luck (linkedin)
- A higher Sharpe ratio doesn’t necessarily mean a better investment (thepfengineer)
- Rob Arnott and Cliff Asness discuss factor investing (morningstar)
- Momentum is not dead yet (etf)
- Identifying the best ETFs for each market segment for both active and passive investors (signalplot)
- Harvard has a new endowment head, its fourth in the last 10 years (bloomberg)
Research
- Clustering approaches for financial data analysis (arxiv)
- Reducing the size, value and momentum anomalies to a single factor (ssrn)
- Skewness parity works better than volatility parity in risk parity portfolios (ssrn)
