Biography
Nicolas Rabener is the managing director of Finominal, which provides quantitative solutions for factor investing. Previously he founded Jackdaw Capital, a quantitative investment manager focused on equity market neutral strategies. Previously, Rabener worked at GIC (Government of Singapore Investment Corporation) focused on real estate across asset classes. He started his career working for Citigroup in investment banking in London and New York. Rabener holds an MS in management from HHL Leipzig Graduate School of Management, is a CAIA charter holder, and enjoys endurance sports (100km Ultramarathon, Mont Blanc, Mount Kilimanjaro).
Forecasts in the form of Monte Carlo simulations are not the best way to anticipate a client's future portfolio returns.
Investors do not have to accept lower returns in exchange for high dividend yields. In fact, do-it-yourself (DIY) high-dividend strategies can generate enviable income without sacrificing capital.
Mortgage rates have doubled and tripled in some countries since 2021. So why aren't residential real estate markets more distressed?
Most investment products simply provide exposure to the stock market in complicated wrappers.
How much does the state of the economy really matter to stock market performance?
How has shorting lousy stocks worked as a strategy?
What correlations should we trust? Those based on daily or monthly return data?
Do alternatives offer any diversification benefits?
How do stocks -- specifically sectors and factors -- perform during times of war?
Outperformance and alpha are not exactly the same thing. So, how do we explain the difference?