Perhaps you’ve seen this chart, or some variant of it. It encapsulates the pain felt by value investors since the financial crisis: It is a great chart given the range of historical…
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With the tournament drawing near, fans of the World Cup are starting to get excited. Thinking back to recent World Cups, 2010 was remembered equally for the piercing wails of…
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…
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…