Insights

The most consequential shift in quantitative finance isn't happening in a conference room or research lab — it's occurring in the strategic repositioning of capital itself. High-frequency proprietary trading firms and large quantitative ...

Life settlements—the purchase of life insurance policies from original holders—have gained traction as a niche alternative asset class offering actuarially driven returns and structural diversification. Institutional investors, including ...

In portfolio management, sparsity means selectivity — focusing capital on a limited number of assets instead of spreading it across hundreds of small allocations. The Intuitive Idea A sparse portfolio holds meaningful positions in a few ...

In 2025, hedge funds are no longer confined to chasing short-term volatility or crowded U.S. mega-cap trades. Instead, the search for alpha is shifting toward structural transformations across geographies and sectors. Asia, particularly ...

Hedge funds are more plentiful than ever, but true alpha has never been scarcer. Crowding, high cash yields, and performance dispersion make today’s environment particularly unforgiving for allocators. For CIOs and family offices, the ...

Executive Summary September 2025 was mixed but modestly positive for quantitative‑investment strategies (QIS). The average composite returned +0.26% MTD, with 20 of 42 strategies (≈48%) finishing higher. Cross‑sectional dispersion widened ...

When Robert Almgren and Neil Chriss published their seminal work on optimal portfolio liquidation in 2000, they formalized a trade-off every equity trader understands intuitively: liquidate too quickly and you’ll pay dearly in market ...

Every allocator knows the experience. A hedge fund manager with a stellar track record suddenly falters. Performance dips, peers outperform, and questions surface in the Investment Committee. Do you stay patient and give the manager room ...

The multi-manager hedge fund has become one of the defining architectures in modern investing (e.g., see some of our previous blog posts on the topic The Myth of Talent in Multi-PM Platforms: Unraveling the True Drivers of Alpha ...