There are five common styles of systematic investing: value, momentum, carry, defensive, and trend. While each investment manager may have their own unique approach to implementing these styles, they generally follow the same overarching concept.
A Gentle Guide to Global Tactical Asset Allocation – (Flirting with Models)
In a world where every kernel of publicly available intelligence is quickly processed and acted upon, investing advantages can evaporate quickly. In quant speak, the alpha gets arbitraged away.
Quants Are Clamoring for Data, Causing Soul Searching at Large Banks – (Bloomberg)
The company’s profit from trading fell in just about every category last quarter, with net income from currencies and commodities taking the biggest hit, each declining some 30% versus the same quarter last year. The company’s share price fell by 8% in early trading.
Even when they’re profitable every day, high-frequency traders aren’t making much money – (QZ)
Wall Street regulators have imposed far lower penalties in the first six months of Donald Trump’s presidency than they did during the first six months of 2016, a comparable period in the Obama administration, according to a Wall Street Journal analysis.
Regulators’ Penalties Against Wall Street Are Down Sharply in 2017 – (Wall Street Journal)
What if the biggest black swan over the coming decades is no black swan events?
10 Questions – (A Wealth of Common Sense)
What happens if the S&P 500 were to fall 3.5% today?
“If The VIX Goes Bananas” This Is What It Will Look Like – (Zerohedge)