NEW VIEW (@ 2020-06-07 02:23:50)
Our Quantitative Investing Process: Focusing on Structural Regime Shifts: Traditional portfolio management on the buy-side often still centres around Modern Portfolio Theory, a half a century old (!) model which describes the idea that the expected return of a portfolio can be maximized for a given level of market risk and one combination of portfolio exposures provides the "optimal" portfolio. This theory treats historical returns as a continuum: 2008 (-38% return on stocks) and 2019 (+30% return on stocks) are opposite parts of the same return distribution. Instead, our investment process utilizes quantitative regime shifting models which have the underlying understanding that markets behave differently during good and bad times, and with a degree of statistical certainty, we can estimate what regime we are in today, aiding your investment decisions. (est. 2 minutes reading time)
