Showing 1 - 10 of 60 results

Sort By
  • Relevance
  • Newest
  • Oldest

Alternative Thinking

Exploring Rates Sensitivity

Fed tightening has many investors interested in risks surrounding monetary policy, rising yields and inflation.

Alternative Thinking

2017 Capital Market Assumptions For Major Asset Classes

We update our multi-year expected return assumptions for major stock and bond markets. Compared with historical averages of value metrics, we beloieve we are in a low expected return environment.

Trade Publication

The Alpha in Portfolio Construction

We believe that portfolio construction, risk management and cost control are the “low-hanging fruit” of managing a long-term portfolio.

Trade Publication

Style Investing: The Long and the Long/Short of It

Many investors agree that applying systematic tilts away from a passive, capitalization-weighted portfolio is a good idea; fewer agree on how best to capture these style-based returns.

Trade Publication

Risk Parity: A Supplement to Traditional Portfolios, Not Their Replacement

It is often said that long-term investors can rely on equity returns since they can withstand short-term periods of underperformance and still survive to realize the benefits in the long-term.

Trade Publication

The 5% Solution

Institutional investors commonly target 5% real annual returns, or 7% to 8% nominal returns.

Trade Publication

Back in the Hunt

Market timing is very hard.

Journal Article

Do Financial Markets Reward Buying or Selling Insurance and Lottery Tickets?

Investors, like almost everyone else, dislike catastrophic negative surprises and love unexpected windfalls.

Journal Article

Pronounced Momentum Patterns Ahead of Major Events

Many financial asset measures exhibit a weak continuation tendency.

Journal Article

“Do Financial Markets Reward Buying or Selling Insurance and Lottery Tickets?”: Author Response

Antti Ilmanen responds to Nassim N. Taleb’s letter to the Financial Analysts Journal regarding Antti’s published paper, “Do Financial Markets Reward Buying or Selling Insurance and Lottery Tickets.” In his response, Antti addresses Nassim’s criticisms of the paper.