• Weekly Research Briefing:
    Time to Break Some Test Tubes

    March 30, 2020

    Nurses and doctors are saving lives on the front lines. Governors are shutting down their states to prevent community spread. Congress and the Federal Reserve have bought the U.S. economy a few months of life. Now it is time for the scientists and lab geeks to work some miracles.

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  • Bounded Rationality:
    Tapping Investor Behavior to Source Alpha

    Tapping Investor Behavior to Source Alpha

    Behavioral biases influence even the most expert investors, and often create a predictable pattern of how future company expectations could evolve.

     

     

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  • Defining Alpha...It's Skill Not Excess Return

    Alpha vs Excess Return

    Alpha may be a common investment term, but it remains commonly misunderstood. Market observers often define alpha simply as a fund’s outperformance relative to a benchmark. This misconception is not only incorrect, but ignores what alpha truly identifies: manager skill.

     

     

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  • The New Core Allocation:
    Long/Short Equity

    Core Allocation Long Short Equity

    With equity valuations at elevated levels, subdued economic growth due to changing demographics and stubbornly low productivity gains, as well as a bleak outlook for fixed income, advisors are challenged to rethink foundational portfolio elements of investor portfolios—which means seeking out strategies that bolster the core going forward.

     

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