Systematic

In this paper, we argue that low-volatility strategies should not be viewed as a homogenous category and identify implementation techniques that can lead to differentiated performance.

As defined benefit pension schemes move towards their end game, a multitude of conundrums – such as liquidity and diversification – may arise along the way. To these, we present trend-following as being uniquely poised to offer a solution.

By concentrating on risk management to achieve better risk-adjusted returns, investors are freed of the requirement that alpha exists in ESG investing. This means that we can be ‘good’ without compromising our retirement age.

When market volatility spikes, trend-followers’ flexibility means they are uniquely prepared to re-establish positions if the prior trend resumes or a new one emerges.

Exclusion lists can lead to significant divergences from benchmarks. We propose a novel method for reducing this tracking error.

Watch how trend-following generates alpha, what signals trend-followers look for, why trend-following excels in bad times and how trend-following can fit into a portfolio.

An examination of smoothing and other perceived benefits of private equity that have commanded a premium fee despite more cost-efficient alternatives.

A warmer world doesn’t necessarily mean less energy demand for heating. In this paper, we explore the investment implications of a changing climate on businesses’ operational costs.

We set out five reasons to consider an allocation to emerging-market small-caps, from their potential diversification benefits to their lower historical volatility than larger-caps.

In this paper, we quantify the growth of passive investing in US equities and analyse its implications as the cyclical tailwinds for passive could turn into headwinds.

Why reactive trend-following strategies are the wingman of traditional investors.

How have markets and hedge funds performed in 2022 and what comes next in 2023? Luke Ellis, CEO, joins the podcast for the final episode of the year.