by Nicolas Rabener | May 18, 2020 | Uncategorized
Cheap vs Expensive Factors Are Expensive Factors More Risky? May 2020. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Factors can be valued like stocks Factor valuations have not changed structurally over the last 30 years Cheap factors outperformed...
by Nicolas Rabener | May 11, 2020 | Uncategorized
The Case Against Factor Investing Long Live Plain Beta? May 2020. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Factor investing is likely the best option for investors seeking to outperform the market However, the cyclicality of factors makes factor...
by Nicolas Rabener | May 4, 2020 | Uncategorized
Merger Arbitrage: Arbitraged Away? Another Questionable Diversification Strategy May 2020. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY As AUM in merger arbitrage has increased, alpha decreased Investors can access merger arbitrage via hedge funds, bank...
by Nicolas Rabener | Apr 27, 2020 | Uncategorized
Tail Risk Hedge Funds Fix the roof while the sun is shining. April 2020. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Tail risk funds tend to be most in demand when they are least attractive Short-term bonds provided similar benefits to tail risk funds...
by Nicolas Rabener | Apr 20, 2020 | Uncategorized
Smart Beta Fixed Income ETFs Better than their Benchmarks? April 2020. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Factor investing in fixed income has been heralded as the next frontier in asset management Smart beta fixed income ETFs in the US manage...
by Nicolas Rabener | Apr 13, 2020 | Uncategorized
Low Vol-Momentum vs Value-Momentum PortfoliosBoring versus Cheap Winners April 2020. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Low Vol-Momentum & Value-Momentum portfolios outperformed stock markets since 1989 Low factor correlations contributed...
