With their sprawling empires, the largest alternative asset managers have adopted strategies that borrow extensively from the octopus-like corporate conglomerate business model.
Category: United States
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A Mixed Outlook? The Banking Sector and Its Three Key Drivers
To understand the mid- to long-term outlook for the banking sector, we need to understand the key drivers at work in the industry today.
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The Alpha Capture Ratio: Rising Interest Rates Mean Pricier Alpha
What can hedge fund investors do to optimize the price they pay for alpha?
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ChatGPT and Large Language Models: Syntax and Semantics
Today, ChatGPT and large language models (LLMs) more generally represent the next evolution in AI/ML technology. And that comes with a number of implications.
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The Auto Sector’s Green Transition: Three Roads to Lower Returns?
Are investors fully factoring in enough investment risk from the green transition?
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Small Caps: Party Like It’s 2000?
The legendary musician Prince exhorted us to “Party Like It’s 1999,” but today, as a small-cap stock investor, I’d flip the calendar one year ahead, to 2000.
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How Do Performance Metrics Correlate? Might Fund Managers Cherry-Pick?
With various performance metrics to choose among, might fund managers be tempted to cherry-pick those that reflect most favorably on their performance?
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Rethinking Corporate FX Hedging: Seeing the Forest through the Trees
Why are publicly traded companies so often blindsided by FX volatility?
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The Benefits of Using Economically Meaningful Factors in Financial Data Science
As machine learning (ML) and data science become ever more integrated into finance, which factors should we select for our ML-driven investment models and how should we select them?
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Book Review: The Economics of the Stock Market
Now, more than ever, we urgently need a comprehensive alternative to the neoclassical model of stock market behavior. Andrew Smithers attempts to fill in this gap.