Insights

I’ll admit it: for a long time, I thought hedging was a solved problem. In my head, it was a neat, mostly technical exercise. You identify the portfolio’s unwanted sensitivities—its delta, its skew, its tail risk—then you go to the market ...

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 ...

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 ...

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 ...

Regime-based allocation: what it actually delivers Regime-based allocation (RBA) is often pitched as a way to navigate markets without making forecasts. The promise sounds simple: don’t waste energy forecasting returns; just identify what ...

The most sophisticated trading firms in the world built their reputations on precision, discipline, and managing risk down to the millisecond. So when India's securities regulator freezes over half a billion dollars and accuses one of ...

We are pleased to announce the appointment of Dr. Michael Bull as Senior Advisor to Resonanz Capital. With over 35 years of experience in global markets, macroeconomics, quantitative strategies, derivatives, and multi-asset portfolio ...

In our previous post—Hedge Fund Crystal Ball: Can We Really Predict Future Performance?—we looked at the usual suspects investors reach for when trying to forecast hedge fund returns. One term that kept popping up—and that deserves a ...

Bank-sponsored Quantitative Investment Strategies (QIS) are increasingly prominent in institutional portfolios. Whether designed to capture style premia, replicate hedge fund strategies within UCITS structures, or offer tailored overlays, ...