Thought Leadership

OUR VALUE COMES FROM AN ANALYTICAL UNDERSTANDING OF THE FORCES AT WORK IN FINANCIAL MARKETS

Feb 26

Is there alpha in distressed stocks? (U.S. evidence)

We investigate whether distressed stocks carry a premium after controlling for the exposure of the portfolio to common factors, such as...

Feb 26

Is there alpha in distressed stocks across the world?

We investigate the existence of a distress premium, controlling for common factors such as market beta, size and value, around the world....

Jan 14

Fishing for Alpha and catching Beta

We examine the implications of rewarding portfolio managers on the basis of Alpha, and how this can lead to an increase in the Beta of...

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