Thornock—write: “In informationally efficient capital markets, investors compete to profit from asset-pricing anomalies before mispricing is arbitraged away. This competition creates a race to ...
In a portfolio, Diversified Alpha can be used as a pure alpha play. It is popular with CTA allocators because of the low correlation with their existing CTAs. It can also be used as a tail risk ...
After a rat-a-tat of shocks that rocked financial markets in recent years – Covid, Archegos, Ukraine, Silicon Valley Bank – the year 2024 was, whisper it quietly, a touch boring. Not that some banks ...