Performance Measurement & Evaluation
"There’s one aspect of MMT that I have some sympathy for: the notion that what we spend money on is far more important than how we finance it." — Cliff Asness
The importance of ESG factors has been accelerated by the COVID-19 pandemic, making George Serafeim's book essential reading.
A challenge awaits PE firms that amass funds to expand beyond their core competency.
Jim Cullen presents the value strategy and explains how to apply it in any type of market.
Outperformance and alpha are not exactly the same thing. So, how do we explain the difference?
Do local COVID-19 case counts have any correlation with local stock returns?
Just how out of whack are hedge fund fees?
Does the equity risk premium (ERP) vary depending on the term structure? Does reversion to the mean dictate that it will decrease the longer the time horizon?
When it comes to hedging equity risk, bitcoin and cryptocurrencies are less "digital gold" and more fool's gold.
What role does security selection play in cryptocurrency investing? Can token pickers demonstrate differentiated performance?