Research

Rate Expectations

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 […]

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Quality in (and through) a Crisis

The Timing and Magnitude of High and Low Quality Returns During Crisis Periods Tend to Follow a Familiar Pattern

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Value is a Big Tent

Increased manager dispersion within the Value space highlights the division in the subsets of Value.

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Thoughts on the Rapid and Persistent Beta Reversal

There are many measures of risk that investors rely on but few are as ubiquitous as beta.

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What has been the biggest takeaway from your calls with management teams this earnings season?

Earnings have always been about managing expectations and the most recent period has been no different.

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