Insights & Whitepapers

Research from Others

• Signs of a Turnaround for Active Equity Management (Michael A. Ervolini, October 2017)
• Nowhere to Hide: Focused Active Asset Managers Outperform (Northill Capital, August 2016)
• Replicating Private Equity with Value Investing, Homemade Leverage, and Hold-to-Maturity Accounting (Erik Stafford, December 2015)
• Are Investors Better Off with Small Hedge Funds in Times of Crisis? (Andrew Clare, Dirk Nitzsche, Nick Motson, July 2015)
  "Our results indicate that there is a strong, negative relationship between hedge fund performance and size."
• Mutual Fund Trading Costs and Diseconomies of Scale (Jeffrey Busse, Tarun Chordia, Lei Jiang, Yuehua Tang, March 2015)
• Microcap as an Alternative to Private Equity (Chris Meredith, Patrick O'Shaughnessy, November 2015)
• Scale and Skill in Active Management (Lubos Pastor, Robert F. Stambaugh, Lucian Taylor, September 2013)
• Conviction in Equity Investing (Mike Sebastian, November 2012)
• Tail Risk and Hedge Fund Returns (Bryan Kelly and Hao Jiang, May 2012)