by Nicolas Rabener | Dec 3, 2018 | Uncategorized
Private Equity: The Emperor has No Clothes Replicating Private Equity with Public Equities December 2018. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Private equity returns can be replicated with small cap equities Small, cheap and levered stocks would...
by Nicolas Rabener | Nov 26, 2018 | Uncategorized
Tactical Statistical Arbitrage Tactical versus Strategic Exposure November 2018. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARYStatistical arbitrage behaves similarly across marketsVolatility is the main performance driverAttractive strategy for...
by Nicolas Rabener | Nov 19, 2018 | Uncategorized
The Rise of Zombie StocksThe Dead versus the Living November 2018. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Zombie firms, where interest payments exceed operating profits, are on the rise Zombie stocks perform surprisingly well They are expensive,...
by Nicolas Rabener | Nov 12, 2018 | Uncategorized
Equity Factors: Reducing Portfolio Turnover Less Churn, More Returns? November 2018. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Portfolio turnover of equity factors can be reduced significantly by trading more conservatively However, reducing turnover...
by Nicolas Rabener | Nov 5, 2018 | Uncategorized
The Odd Factors: Profitability & Investment Odd, but attractive? November 2018. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY The Profitability factor generated attractive returns in the US and Europe since 1990 It is difficult to explain why...
