Systematic

What exactly is a multi-strategy fund? Why are more investors turning to them as a solution, and how do they differ from conventional hedge fund strategies?

We take a look at the role active and passive investing plays in the US, alongside other notable developments such as the return of retail, the rise of ESG and the resurgence of Value as a (productive) factor.

Does higher leverage always imply higher risk? Not always – leverage can also be used to improve diversification and risk-adjusted returns, while minimising the concentration in a portfolio.

In December 2020, Growth stock mania was at its peak. Fourteen months on, what has happened to those eye-wateringly expensive multiples?

Why we believe the current market backdrop bodes well for low vol in the coming quarters.

For portfolios with multiple assets, correctly assessing correlations can be just as – or even more – important than estimating the absolute size of market moves. The Russian invasion of Ukraine provides a case study of this principle.

The application of carbon constraints has become common practice in ESG portfolios. But is that enough to achieve our goals for a cleaner, greener world? In particular, what does it take for a portfolio to be aligned with the Paris Accord and net zero?

Strategies that we are positive on in the first quarter of 2022 are: quantitative strategies, convertible arbitrage and merger arbitrage. We are cautious on equity long-short and have a muted outlook on long-biased credit funds (such as distressed).

Higher volatility levels represents a real challenge for trend managers. Here’s how allocators can assess some of the different types of trend models managers use.

We discuss the idea of adjacency, sports analytics, and how both sports and finance wrestle with the same issues when it comes to the interaction of human and machine.

It is a fascinating time to consider how quant credit will evolve in the decade to come. With the market still in its nascency, there are numerous potential paths for the strategy class to follow. This article explores several possible iterations.