A Fight Over Factor Investing Tests a Pillar of Modern Finance

A Fight Over Factor Investing Tests a Pillar of Modern Finance

In November a curious paper dropped on SSRN, an online hub widely used by economists to circulate their work. The paper’s authors are two of the most important figures in academic finance: Kenneth French, of Dartmouth College’s Tuck School of Business, and Eugene Fama, a Nobel Prize-winning economist from the University of Chicago. The article … Read more

Quants Stock Trades Are Breaking Away From Bonds

Quants Stock Trades Are Breaking Away From Bonds

All through the pandemic era and its aftermath, Jerome Powell lived rent-free in the heads of Wall Street stock traders. As he cut interest rates to historic lows and then again when he ramped them up to decade highs, money managers sweated over his every word and deed – buying or selling shares in line … Read more