Misplaced duration positioning on the part of a few specific Regional Banks set off a mini crisis in the first quarter causing markets to convulse, bringing back fears of another GFC. While this incident appears to be isolated and contained it does highlight the unanticipated consequences of the rapid rise in interest rates. This, combined […]
The Timing and Magnitude of High and Low Quality Returns During Crisis Periods Tend to Follow a Familiar Pattern
Increased manager dispersion within the Value space highlights the division in the subsets of Value.
There are many measures of risk that investors rely on but few are as ubiquitous as beta.
Earnings have always been about managing expectations and the most recent period has been no different.