by Nicolas Rabener | Sep 15, 2025 | Uncategorized
Risk-Managed Equity Exposure III Valuation-sensitive tactical asset allocation September 2025. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY TAA strategies can reduce risk, but also underperform significantly Typically these are tailored for bear markets,...
by Nicolas Rabener | Sep 8, 2025 | Uncategorized
Private Equity Managers vs Private Equity Funds Is it better to bet on Blackstone or with Blackstone? September 2025. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Private equity managers have performed worse than private equity funds However, both have...
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...
