How to Combine Alternative Strategies

How to Combine Alternative Strategies Risk parity versus equal-weight July 2025. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Equal-weighting and risk parity are both reasonable weighting methodologies for alternatives This analysis does not show a...

Factor Valuations: Current vs Historical

Factor Valuations: Current vs Historical  What’s cheap, what’s expensive? July 2024. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Some factors are trading at historically low valuations Cheap stocks are cheap, high momentum and profitable...

Factor Olympics 1H 2025

Factor Olympics 1H 2025 And the winner is… July 2025. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Only momentum generated meaningful excess returns year-to-date Value and small-cap stocks underperformed Market-neutral factor returns continue to be...

Factor Optimization via ETFs

Factor Optimization via ETFs Is a value ETF necessary to gain exposure to the value factor? June 2024. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Factor exposures can be acquired from various sources For example, energy stocks are cheaper than stocks...