LETTER FROM THE CEO
Bridge Too Far
In his first quarterly letter to clients, Andrew Dyson shares QMA’s more balanced perspective on the current attention being showered on big data and AI – illustrating the limits of the hype.
Beware of False Patterns in Big Data Investing
Investment strategies based on crunching alternative data sets with machine learning give tech-savvy asset managers an edge, however without a solid quantitative framework such strategies risk producing false signals, argues Andrew Dyson in a FundFire interview.
A persistent challenge in ESG investing is the sparse data availability due to the voluntary nature of ESG reporting. Here, we propose a quant approach to integrating ESG in portfolios capable of classifying companies even if they don't disclose sufficient ESG data - while delivering comparable levels of excess returns to non-ESG portfolios.
As the longest US equity bull market in history nears the decade mark, cracks are clearly forming. Investors are coming to realize that “index” is not a synonym for “safe.” But what comes next? Here we offer some different ways of thinking about – and solving for – the potential trouble spots that those invested for the long term face today.