by Nicolas Rabener | Sep 1, 2025 | Uncategorized
Active Share vs Tracking Error Does more active management lead to higher outperformance? September 2025. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Active funds need to become active to justify their fees There is no relationship between being more...
by Nicolas Rabener | Aug 25, 2025 | Uncategorized
Quality vs Growth Factors Why do high ROE stocks outperform high-growth ones? August 2025. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Quality and growth factor returns differ between research and reality Most generated negative excess returns...
by Nicolas Rabener | Aug 18, 2025 | Uncategorized
Measuring Macro Sensitivity Putting macro variables under the microscope August 2025. Reading Time: 10 Minutes. Author: Abhik Roy, CFA. SUMMARY Macro variables affect portfolios differently Betas and R2 vary significantly with lookback and frequency GDP growth and...
by Nicolas Rabener | Aug 11, 2025 | Uncategorized
Private Equity Without the Lag Creating an index of listed private equity funds with daily returns August 2025. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Listed private equity funds can be used to create a PE index with daily returns Highly correlated...
by Nicolas Rabener | Aug 4, 2025 | Uncategorized
60/40 vs Leveraged Diversified Portfolio Leverage can cut both ways August 2024. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Leverage is usually a destructive feature in investment products However, using leverage with diversified portfolios can help...
