Wesley R. Gray, Ph.D.

//Wesley R. Gray, Ph.D.

About Wesley R. Gray, Ph.D.

After serving as a Captain in the United States Marine Corps, Dr. Gray earned a PhD, 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 that delivers affordable active exposures for tax-sensitive investors. Dr. Gray has published four books and a number of academic articles. Wes is a regular contributor to multiple industry outlets, to include the following: Wall Street Journal, Forbes, ETF.com, and the CFA Institute. Dr. Gray earned an MBA and a PhD in finance from the University of Chicago and graduated magna cum laude with a BS from The Wharton School of the University of Pennsylvania.

Tax Party–and EVERYONE is invited!

By | 2017-08-18T16:55:58+00:00 April 25th, 2013|Uncategorized|

http://www.treasury.gov/resource-center/tax-policy/Documents/General-Explanations-FY2014.pdf   What exactly is "fair share?"   Don't worry, private equity already has workarounds...public equity folks are toast. I guess we'll all be HFT traders now with no incentive to invest for the long [...]

S&P 500 10-Year Nominal Return Forecasts

By | 2017-08-18T16:57:16+00:00 April 17th, 2013|Tactical Asset Allocation Research|

We've outlined the fundamentals of long-term return projection models in a recent post: https://alphaarchitect.com//2012/12/projected-15-year-sp-500-returns/ Butler|Philbrick|Gordillo and Associates have a great post that focuses on the "Shiller" or "Hussman" models for return forecasting http://gestaltu.blogspot.com/2013/04/valuation-based-equity-market-forecasts.html Empiritrage has [...]

Momentum-Based Allocation

By | 2017-08-18T17:00:11+00:00 April 8th, 2013|Uncategorized|

Absolute Momentum: A Simple Rule-Based Strategy and Universal Trend-Following Overlay Gary Antonacci A version of the paper can be found here. Want a summary of academic papers with alpha? Check out our free Academic Alpha Database! Abstract: [...]