Kyle Baxter, Our Newest Teammate, is On Deck!
We wanted to formally welcome the newest addition to the Alpha Architect team, Kyle Baxter, who joins us as a Director of Portfolio Services. Kyle [...]
About Wesley Gray, PhD
After serving as a Captain in the United States Marine Corps, Dr. Gray earned an MBA and a PhD in finance from the University of Chicago where he studied under Nobel Prize Winner Eugene Fama. Next, Wes took an academic job in his wife’s hometown of Philadelphia and worked as a finance professor at Drexel University. Dr. Gray’s interest in bridging the research gap between academia and industry led him to found Alpha Architect, an asset management firm dedicated to an impact mission of empowering investors through education. He is a contributor to multiple industry publications and regularly speaks to professional investor groups across the country. Wes has published multiple academic papers and four books, including Embedded (Naval Institute Press, 2009), Quantitative Value (Wiley, 2012), DIY Financial Advisor (Wiley, 2015), and Quantitative Momentum (Wiley, 2016). Dr. Gray currently resides in Palmas Del Mar Puerto Rico with his wife and three children. He recently finished the Leadville 100 ultramarathon race and promises to make better life decisions in the future.Podcast: Factor Timing is Next to Near Impossible (Jack)
Here is a link to our podcast on the Meb Faber Podcast. In Episode 61, we welcome Jack Vogel, CFO/CIO of Alpha Architect, and the [...]
Trick Question: How is the Momentum Factor Performing YTD?
If you ask your typical long-only investor (or financial advisor) how momentum is doing this year they'll likely say, "Amazing!" This statement will almost surely [...]
Academic Research Insight: When Does International Investing Make Sense?
Title: MONONATIONALS: THE DIVERSIFICATION BENEFITS OF INVESTING IN COMPANIES WITH NO FOREIGN SALES Authors: CORMAC MULLEN AND JENNY BERRILL Publication: FINANCIAL ANALYST JOURNAL, II Q 2017 (version here) What [...]
Elisabetta and Tommi Are Helping us Empower Investors Through Education
Our mission is to empower investors through education. This mission is our passion and what drives us to go to work everyday. But we can't fulfill our [...]
Academic Research Insights: Does the Scope of the Sell-Side Analyst Industry Matter?
Title: DOES THE SCOPE OF THE SELL-SIDE ANALYST INDUSTRY MATTER? AN EXAMINATION OF BIAS, AND INFORMATION CONTENT OF ANALYST REPORTS Authors: KENNETH MERKELEY, RONI [...]
Academic Research Insight: Facts about Factors
Title: FACTS ABOUT FACTORS Authors: PAULA COCOMA, MEGAN CZASONIS, MARK KRITZMAN, DAVID TURKINGTON Publication: THE JOURNAL OF PORTFOLIO MANAGEMENT, SPRING 2017 (version here) [...]
Podcast: Value Investing with Charlie Tian (Wes)
Here is a link to our podcast on Behind the Markets We discuss value investing alongside Charlie Tian. You can listen to the podcast via [...]
Academic Research Insight: Factors and the Road to Retirement
Title: A WEALTH MANAGEMENT PERSPECTIVE ON FACTOR PREMIA AND THE VALUE OF DOWNSIDE PROTECTION Authors: LOUIS SCOTT AND STEFANO CAVAGLIA Publication: THE JOURNAL OF PORTFOLIO [...]
The Global Value Momentum Trend Philosophy
Our Global Value Momentum Trend Index ("GVMT" or "GVMT Index") is a globally diversified equity strategy that leverages trend-following to manage tail-risks. The strategy can [...]
Academic Research Insight: Concentration is King
Title: PORTFOLIO CONCENTRATION AND PERFORMANCE OF INSTITUTIONAL INVESTORS WORLDWIDE Authors: NICOLE CHOI, MARK FEDEINA, HILLA SKIBA, TATYANA SOKOLYK Publication: JOURNAL OF FINANCIAL [...]
Academic Research Insight: Factor Investing Over the Long Run
Title: FACTOR BASED INVESTING: THE LONG TERM EVIDENCE Authors: ELROY DIMSON, PAUL MARSH, AND MIKE STAUNTON Publication: THE JOURNAL OF PORTFOLIO MANAGEMENT, [...]
March for the Fallen: Get Fit with Alpha Architect
Editor's notes: Dedicated web page is here: https://alphaarchitect.com/march-for-the-fallen-2018/. Pat O'Shaughnessy is doing the event. You can hear our podcast on the subject here. Also, there is a March [...]
Academic Research Insight: The Social Media Factor
Editor's Note: The Academic Research Insight will be a weekly short-form research summary on research that is directly related to investing. Elisabetta Basilico (a PhD [...]
The CFA Institute is Coming to Philly — Give us a Shout!
As many of you probably already know (it seems a large portion of our audience either has a PhD or a CFA), the CFA Institute's [...]
Chinese Market Anomalies – The Factor Killer?
The Oracle of Omaha just commented on the Chinese stock market in this year's Berkshire's annual meeting: ...Markets have a casino characteristic that has a [...]
Do Trading Costs Destroy Factor Investing?
There are a number of recent studies that propose a more rigorous criteria for evaluating the practical significance of factors published in academic research journals. [...]
Alpha Architect Index Data/Information
We have updated the information associated with our indexes and are making the data more easy to access. We have the following index programs: Alpha Architect [...]
Academic Factor Exposure Versus Fund Factor Exposure
Tomorrow I'll be sitting with Pat O'Shaughnessy and Ben Johnson to discuss "Straight Talk About Smart Beta." Here is a link to the big Morningstar [...]
How ETFs Might Affect Financial Markets
We've heard a lot of questions recently from clients and readers regarding how ETFs might affect financial markets. The short answer is "nobody knows." The [...]