Expensive Junk Stocks are Killing High-Quality Value Stocks, YTD

By | 2017-08-18T17:05:18+00:00 August 4th, 2015|Value Investing Research, $vlue, $iwd, $qual|

In general, investors focused on affordable stocks with strong fundamentals have been taken to the cleaners year-to-date. Meanwhile, expensive stocks with poor fundamentals have been rocking! Some Basic Statistics: Below we  document some core performance [...]

Long/Short Hedge Fund Factors: Low-Cost Downside Protection?

By | 2017-08-18T17:01:21+00:00 July 1st, 2015|Uncategorized, Tactical Asset Allocation Research, $qual, $qai|

The holy grail of financial markets is finding strategies that have misaligned risk and reward characteristics. In the traditional view, investors try to do the following: Identify strategies that have high returns, then... find ways [...]