Complexity is the Enemy of Investing

Complexity is the Enemy of Investing A case study of a poorly designed portfolio from the world´s largest asset manager February 2025. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Financial experts create complex portfolios to justify their fees However,...

Factor Exposure Analysis 103

Factor Exposure Analysis 103 Long-short versus long-only factors January 2025. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY The belief in factor investing is based on research featuring long-short factors However, almost all funds pursue long-only factor...

Factor Olympics 2024

Factor Olympics 2024 And the winner is… January 2025. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY The losers of last year, ie momentum and low volatility, became the winners of this year Momentum performed the best, size the worst Smart beta...

Quality in Small versus Large-Cap Stocks

Quality in Small versus Large-Cap Stocks Quality stocks outperform, right? December 2024. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Adding quality filters significantly improves small-cap investing However, the opposite occurs in the large-cap space...