Don’t Convert to Convertible Bonds

Don’t Convert to Convertible Bonds Equity exposure in disguise September 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Convertible bonds are typically viewed as debt rather than equity instruments However, these are highly correlated to...

Fixed Income Factors II

Fixed Income Factors II Style versus traditional fixed income factors September 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY There are style factors like value and traditional fixed income factors like term premium The correlations of these factors...

Fixed Income Factors

Fixed Income Factors AQR vs Robeco September 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Factor investing is less established in bond than in stock markets Comparing AQR & Robeco fixed income factors highlights significant differences...

The Trouble With Forecasting House Prices

The Trouble with Forecasting House Prices Complex and complicated, but the outlook is poor September 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY House price growth is based on supply & demand imbalances or speculation Residential property...

CTAs vs Global Macro Hedge Funds

CTAs vs Global Macro Hedge Funds Systematic versus Discretionary Masters of the Universe August 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY CTAs and global macro hedge funds offer attractive diversification benefits However, both are moderately...

GARP Investing: Golden or Garbage? II

GARP Investing: Golden or Garbage? II More the latter than the former unfortunately August 2023. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Buying cheap growth stocks is intuitively appealing to investors Almost 50% of the US stocks are trading below a...