The economist Stephen Keen is quite controversial. He’s stirred some discontent in mainstream economic circles by attacking econometric modeling. He calls these “Ptolematic” approaches to understanding the economy. For those…
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We here at Epsilon are always interested in the evolving landscape of passive and passive like investment vehicles. A few weeks ago, BlackRock, the world’s largest purveyor of ETF investment…
We’re often asked by capital allocators, what type of investors are you? While one can take this as an existential dilemma, these firms “bucket” investment managers based upon a descriptive…
Editor’s note: Epsilon loves books on investing, and not just quant literature! Every month or so, we’ll post a review on a book that we found particularly compelling. While this…
There has been a race to the bottom on fees for passive ETF products, which we view as a natural by-product of the commoditization of beta. Part of the fee…
Fee compression in asset management is a hot button subject, and something we’ve written about. One only need to look at the wave of capital flight from active to passive…
Taxable clients and prospects of Epsilon often ask about the taxable nature of our investment strategies and the viability of adding systematic tax loss harvesting to them. Before we dive…
Principal-Agent (PA) problems have persisted for quite some time. In investing, the dynamic between principal (LP) and agent (GP) has seen a change in sentiment in the last 10 years. …
We’ve been told by colleagues that this is a curious primary objective for a new asset management firm, versus something more direct like performance and market analysis. That bewilderment only…
Consistent performance is perhaps as coveted as outperformance. Consistency puts fears to rest and provides flexibility. But consistency is hard to come by, especially when outperformance is the intent, and…