LETTER FROM THE CEO
The Strange Paradox of Diversification
In his latest letter to clients, Andrew Dyson addresses the topic of portfolio diversification and construction to ensure it is ready for the potential return of volatility.
LETTER FROM THE CEO
Are Performance Fees the Answer to the "Lemon Problem"?
How low would an active manager have to drop its base fee to tip the scales away from passive? CEO Andrew Dyson thinks he has an idea.
RESEARCH BRIEF
A Multi-Factor Strategy for Index Enhancement
Many investors are hard-wired to overpay for “lottery” and “safety” stocks. Here, we propose a way to enhance index exposures by avoiding both.
ARTICLE
What Hamilton Has to Teach Us About Today's Markets
QMA offers timely insight on what exactly is – and is not – a "crowded trade," and why it matters.
TOPIC PAGES
Big Data
Maintaining perspective on the promise and potential pitfalls of big data and AI.
ESG
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.