Active 130/30 Extensions is the newest wave of disciplined investment strategies that involves
asymmetric decision-making on long/short portfolio decisions, concentrated investment …

Market participants need to focus not only on the development of smarter algorithms for
trading strategies, but also on the smarter use of these algorithms. The game between liquidity …

“There are two ways to make money in the stock market. You can buy low and sell high, or
you can sell high and buy low.” With this short statement, California Public Employee …

This chapter contains sections titled: A Framework for Analyzing Active Benchmark‐Relative
Portfolios The Structure of Active Long‐Only Portfolios Moving from Long‐Only to Active …

This chapter contains sections titled: Measuring and Managing Portfolio Risk Outliers and
the Assumption of Idiosyncratic Normality Accounting for Outlier Risk Managing Outlier Risk …

Previous work examined the long‐run profitability of strategies mimicking the trades company
directors in the shares of their own company, as a way of testing for market efficiency. The …