Should Investors Hedge Their Equity Portfolios? Maybe Not, According To A New Study

Minimizing loss while pursuing return animates every investment strategy, but behind any and all efforts to actively sidestep red ink lurks a perennial question: Will it work? There are no easy answers for the simple reason that every investor’s risk tolerance, objective, time horizon, and other factors are unique. In Continue Reading

Is There A Better Way To Build “Optimal” Portfolios?

The suggestion that investment portfolios can be quantitatively optimized became controversial almost as soon as Harry Markowitz launched the modern age of portfolio design in 1952, courtesy of his famous “Portfolio Selection” paper. Not because anyone disputes the goal of engineering a portfolio that maximizes return for a given level Continue Reading