Browsing: The A.I. Industry

The A.I. Industry

Boone Pickens, A Trailblazer, Passes On

Sep 17th, 2019 | Filed under: Newly Added, Hedge Fund Strategies, The A.I. Industry, Investing in Commodities, Socially responsible investing, Hedge Funds, Event-Driven Hedge Funds, oil, Alternative energy, Commodities, Other Issues in Private Investments, Energy, SRI and Clean Energy, Other Topics in A.I.

T. Boone Pickens died quietly at home in Dallas, Texas on Sept. 11, 2019. In his long career Pickens did a good deal to give the current hedge fund industry, as well as the broader asset management industry and the energy commodities markets, their character, in a life that sometimesRead More


Anatomy of an Upset

Sep 16th, 2019 | Filed under: Newly Added, Private Equity, The A.I. Industry, Hedge Funds, Private Investments

By Diane Harrison Everyone loves an underdog. While superheroes have their fans, there’s something about a dark horse or a comeback kid that generates support for a hard-won victory. Take the recent US Open tennis championship match between Serena Williams, the sports media’s proclaimed GOAT (Greatest of All Time) andRead More


Can Sustainable Investing Sustain Itself in Japan?

Sep 15th, 2019 | Filed under: Newly Added, Social investing, The A.I. Industry, Socially responsible investing, Emerging Alternative Investments, Alternative energy, Other Issues in Private Investments, Private Investments, SRI and Clean Energy, Other Topics in A.I.

Advocates of sustainable investing in Japan are struggling, according to a new report co-authored by William Burchart and Jessica Ziegler of The Investment Integration Project (TIIP). Their research is based on a literature review and discussions with more than 50 industry experts. The paper was released Sept. 6 and isRead More


European Private Equity Deals a Mixed Bag in Second Quarter

Sep 12th, 2019 | Filed under: Newly Added, Private Equity, The A.I. Industry, Equity Types of Private Equity, Private Investments

The second quarter in the private equity space in Europe this year was less lethargic than the first, with a 12.2% increase on a quarter-to-quarter basis. Pitchbook, in partnership with ACG, has issued its quarterly European PE Breakdown offering everything you might want to know about that space. The numberRead More


The Newest New Thing? Initial Exchange Offerings

Sep 11th, 2019 | Filed under: Newly Added, Currencies, The A.I. Industry, Emerging Alternative Investments, The Global Economy & Currencies, Digital currencies, Other Topics in A.I.

Initial Exchange Offerings, that is, offerings administered by a crypto exchange, on behalf of a startup—where the startup is trying to raise funds with newly issued tokens—has developed as an alternative to an older model, the Initial Coin Offering, where participants make their contributions to a smart contract. Hirander MisraRead More


Negative Interest Rates: A Reason to Invest in Hedge Funds?

Sep 9th, 2019 | Filed under: Newly Added, Hedge Fund Strategies, CTA, The A.I. Industry, Equity Hedge Funds, Liquid Alternative Investiments, Alpha Strategies, Hedge Funds, Event-Driven Hedge Funds, Liquid Alts, Macro and Managed Futures Funds, Allocating to A.I.

Negative interest rate policy—that is, central bank arrangements that seek to inspire spending by punishing savings, not merely in real but in nominal terms—have spread in recent years among the developed economies, and are now in use in Japan, Switzerland, Sweden, and the Eurozone. Denmark got the ball rolling inRead More


Zebras Are Reactionaries

Sep 9th, 2019 | Filed under: Newly Added, What about beta?, The A.I. Industry, Asset Managers, Alpha Strategies, Hedge Funds, Smart Beta, Risk Management & Operations, Allocating to A.I.

Someone told me that it’s all happening At the Zoo. In this case, it was Paul Simon in his 1967 title song where he anthropomorphizes the animals he sees in the Central Park Zoo. Some are deemed to be honest, some kindly but dumb, and some insincere or skeptical, and,Read More


PORTFOLIO PROTECTION VIA MANAGED FUTURES LIQUID ALTS?

Sep 8th, 2019 | Filed under: Newly Added, Commodities, Hedge Fund Strategies, CTA, The A.I. Industry, Investing in Commodities, Liquid Alternative Investiments, Alternative Mutual Funds, Hedge Funds, Liquid Alts, Commodities, ETFs, Macro and Managed Futures Funds, Allocating to A.I., Other Topics in A.I.

By Nicolas Rabener of FactorResearch (@FactorResearch) INTRODUCTION The mafia and the hedge fund industry share some characteristics. Both are powerful, non-transparent, and create little value for society. Naturally the mafia is a criminal organization while the only “criminal” element of hedge funds are the high fees they are charging forRead More


Back to the Near Future: 2019 Mergers & Acquisitions

Sep 5th, 2019 | Filed under: Newly Added, Private Equity, Hedge Fund Strategies, The A.I. Industry, Debt Types of Private Equity, Hedge Funds, Event-Driven Hedge Funds, Equity Types of Private Equity, Other Issues in Private Investments, Private Investments

Intralinks has put out its predictions for mergers and acquisitions activity through the remainder of this year. The Intralinks Deal Flow Predictor tracks early-stage deal activity to predict how many deals have reached public-announcement stage six months on. The latest issue of the SS&C Intralinks Deal Flow Predictor also includesRead More


New Study Shows Hedge Fund Investors are Quick Learners

Sep 3rd, 2019 | Filed under: Newly Added, Hedge Fund Industry Trends, Consultants, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Institutional Investing, Hedge Funds, Event-Driven Hedge Funds, High-net-worth investors, Endowments & Foundations, Institutional Asset Management, Family Offices

A recent study by two scholars at the University of California Irvine asks how quickly investors learn about the skills of their asset managers, including their hedge fund managers. Christopher Schwarz and Zheng Sun, both associate professors of finance at The Paul Merage School of Business at UC Irvine, hadRead More


Corporate Restructuring: United States vs. United Kingdom

Sep 2nd, 2019 | Filed under: Newly Added, Private Equity, Hedge Fund Strategies, The A.I. Industry, Debt Types of Private Equity, Insolvency, Regulatory Environment, Hedge Funds, Event-Driven Hedge Funds, Other Issues in Private Investments, Business News, Private Investments

David Stevenson, a US District Court Judge for the Northern District of Texas, has presented his analysis of the  differences between the law in the United Kingdom and the United States concerning “a debtor’s ability to approve a restructuring arrangement over the objection of creditors that disapprove.” This is moreRead More


Options: When Skewness is Not on the To Do List

Aug 29th, 2019 | Filed under: Newly Added, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Hedge Funds, Structure of the Hedge Funds Industry

Which options do hedge funds employ in their portfolios? A recent paper concludes that hedge funds as a trader/investor class prefer liquid high-embedded leverage options without lottery-like skewness. The paper also finds that they are good at what they do. Their equity options plays “deliver superior performance unobtainable by tradingRead More


Is it Time for the Gold Bug to Bite?

Aug 27th, 2019 | Filed under: Newly Added, Commodities, Hard metals, The A.I. Industry, Investing in Commodities, Commodities, Commodities: Examples, ETFs, Gold

Diane Merritt, of the Closed-End Fund Association (CEF) spoke recently with Axel Merk, of Merk Investments, about precious metals as part of a portfolio, and specifically the role these metals can play late in the business cycle: which, according to a rather broad consensus, is where we now are. TheRead More


Whatfore Art Thou Use of Alt-data?

Aug 26th, 2019 | Filed under: Newly Added, What about beta?, Alternative data, The A.I. Industry, Smart Beta, Allocating to A.I.

Shakespeare’s Juliet once famously asked “what’s in a name?” If you know the play, she was talking about roses and how they would smell as sweet, even if they had an alternative name. Would her modern-day self not ask the same about data? And what makes today’s alt-data different fromRead More


Hedge Fund Performance Gains: Investor Flow Losses

Aug 25th, 2019 | Filed under: Newly Added, Hedge Fund Industry Trends, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Indexes, Hedge Funds, Event-Driven Hedge Funds, Macro and Managed Futures Funds, Relative Value Hedge Funds, Structure of the Hedge Funds Industry

Global hedge fund assets under management have stayed close to flat for months now. That’s one of the points made in the latest Eurekahedge report. As of July, the AUM is just a little under $2.3 trillion, or roughly where it has been since late last year. Although there haveRead More


Anticipating Buyout Deals: A Prospective New Model on an Old Strategy

Aug 22nd, 2019 | Filed under: Newly Added, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Risk management, Hedge Funds, Event-Driven Hedge Funds, Risk Metrics and Measurement, Smart Beta, Risk Management Strategies & Processes, Risk Management & Operations

Milind Sharma and Aravind Ganesan have developed what they call the QMIT Leveraged Buyout Model—a trading strategy—based on anticipating announcements of LBOs based on QMIT’s factor library. Sharma is the CEO of QMIT, QuantZ Machine Intelligence Technologies. QMIT is itself a spin-off from QuantZ Capital, which is a stat arbRead More


Fintech: Not Such a Deal Right Now

Aug 20th, 2019 | Filed under: Newly Added, Private Equity, The A.I. Industry, Venture capital, Equity Types of Private Equity, Private Investments

Equity rounds of VC-backed investment in the financial technology sector retreated in the second quarter of 2019, according to a new CB Insights report. Second-quarter fintech deals dropped 22% on a quarterly basis and 23% compared to the same quarter in 2018. Early seed deal share fell a five-quarter lowRead More


Real Estate Investing: From Farmland to Berlin

Aug 18th, 2019 | Filed under: Newly Added, Real Estate, Agriculture, The A.I. Industry, Liquid and Fixed Income Real Estate, Farmland, Natural Resources and Land, Other Issues in Private Investments, Private Investments, Real Estate Equity Investments, Real Assets

A new study from Nuveen looks at how to assess properly the value of real estate and farmland. There are four key points: That a “doubleness” of vision is necessary. You need to take a macro view of the investment world and a micro view of the farms and otherRead More


Liquidity: Running for the Exits

Aug 15th, 2019 | Filed under: Newly Added, The A.I. Industry, Risk management, Hedge Funds, Other Issues in Private Investments, Risk Management Strategies & Processes, Risk Management & Operations

Liquidity vanishes when you need it most. That isn’t an especially original observation. It’s like saying that the exit doors are always jammed precisely when you need a quick exit quickly. Amin Rajan gives us a forceful statement of this point inspired by the “current travails at Woodford Asset Management.”Read More


What Hedge Funds Do When the Lights Go Out

Aug 13th, 2019 | Filed under: Newly Added, CAPM / Alpha Theory, The A.I. Industry, Equity Hedge Funds, Financial Economics Theory, Hedge Funds, Finance & Economics

A new paper looks at how hedge funds adjust their information acquisition and trading behavior as analyst coverage changes—and more specifically, when certain stocks cease to be covered by certain analysts. These authors considered the hypothesis that, faced with a murkier environment, hedge funds might become more cautious, reducing theirRead More


Four Lessons from the Sale of Refinitiv

Aug 12th, 2019 | Filed under: Newly Added, The A.I. Industry, Other Issues in Private Investments, Structured Products

Less than a year ago, Thomson Reuters sold a majority interest in its financial and risk product portfolio, a critical part of that corporate domain, to a consortium led by Blackstone, in a deal that valued the assets, now renamed “Refinitiv,” at $20 billion. In April of this year, thatRead More


QUANT STRATEGIES: THEORY VS. REALITY

Aug 11th, 2019 | Filed under: Newly Added, Algorithmic and high-frequency trading, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Liquid Alternative Investiments, Hedge Funds, Smart Beta, Other Topics in A.I.

By Nicolas Rabener of FactorResearch (@FactorResearch) INTRODUCTION When pitching an investment product with a backtested history the frequent response from potential investors is that they have never seen a bad backtest. Naturally this is true as there is no point in marketing a strategy with a poor backtest as investorsRead More


How Endowments and Foundations Look at Hedge Funds

Aug 8th, 2019 | Filed under: Newly Added, Hedge Fund Industry Trends, Consultants, Private Equity, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Debt Types of Private Equity, Venture capital, Hedge Funds, Equity Types of Private Equity, High-net-worth investors, Endowments & Foundations, Institutional Asset Management, Private Investments, Fees, Family Offices

Cowen’s Capital Introduction Group has compiled information on what the endowment and foundation community is thinking about hedge funds and how best to invest in them. The Cowen paper on the subject begins with the observation, drawn from Preqin, that at present US-based E&Fs with more than $750 million inRead More


Judicial Stress for Distressed Debt Strategies: Clawing Back Clawbacks

Aug 6th, 2019 | Filed under: Newly Added, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Hedge Funds, Event-Driven Hedge Funds

In contemporary bankruptcy proceedings, creditors’ recovery often depends on the success of clawback lawsuits initiated by trustees. Sometimes the creditors in question are hedge funds, having bought the debt instruments at a discount. Their success depends on the success of the clawback proceedings: that is, on the law of avoidance.Read More


Postcards from the Edge

Aug 5th, 2019 | Filed under: Newly Added, What about beta?, Private Equity, Regulatory Environment, Hedge Funds, Alternative Investments in Context, Private Investments

By Bill Kelly, CEO, CAIA Association As the calendar turns to August we are in the waning weeks of summer in the northern hemisphere. Perhaps it is a good time to turn to the mailbag to see who has been doing what in this halcyon season… From Jerome in DC Read More


High-Yield Credit: The Case for Systematic and Discretionary Management

Aug 4th, 2019 | Filed under: Newly Added, Hedge Fund Strategies, The A.I. Industry, Hedge Funds, Relative Value Hedge Funds

A new look “under the hood” at active credit managers comes from a paper written by two executives at AQR Capital Management. Diogo Palhares and Scott A. Richardson find that long/short fixed-income managers have a high exposure to the credit risk premium. But high-yield-focused long-only managers provide less exposure toRead More


The Verdict Is In: It’s a Soft Landing for the Global Economy

Aug 1st, 2019 | Filed under: Newly Added, The A.I. Industry, Financial Economics Theory, The Global Economy & Currencies, Economics, Macroeconomics, Finance & Economics

Neuberger Berman has long pressed the investment thesis that the prolonged recovery from the depths of the Global Financial Crisis would end, when it ended, with a “soft landing.” There will be a slowing of growth, and with that an increase in volatility, but it need not involve a “hard”Read More


Hedge Fund Performance and Fees: Who is Earning Their Keep?

Jul 30th, 2019 | Filed under: Newly Added, Hedge Fund Industry Trends, CTA, The A.I. Industry, Industry Size & Managers, Equity Hedge Funds, Indexes, Hedge Funds, Event-Driven Hedge Funds, Macro and Managed Futures Funds, Fees, Relative Value Hedge Funds, Structure of the Hedge Funds Industry

The Eurekahedge Hedge Fund Index was up in June, wrapping up a very strong first half of the year for the hedge fund industry. The monthly increase of 1.83% reverses the down month of May, which in turn was a reversal of the strength of the first four months, withRead More


Active Risk Budgeting Gets Consistent Alpha

Jul 28th, 2019 | Filed under: Newly Added, CAPM / Alpha Theory, The A.I. Industry, Financial Economics Theory, Risk management, Risk Metrics and Measurement, Risk Management Strategies & Processes, Risk Management & Operations, Finance & Economics

A new paper takes an experimental look at “Active Risk Budgeting,” a method of portfolio construction that looks to build upon older and sometimes passive risk budgeting approaches, adding enough active management to allow the risk budget to change over time. For example, an institution might want its risk budgetRead More


Equity Differential: A Factor in Currency Returns

Jul 23rd, 2019 | Filed under: Newly Added, Currencies, The A.I. Industry, Forex, The Global Economy & Currencies, Commodities

A recent publication by two executives of State Street Associates identifies a new factor in currency turns, which it calls the “equity differential.” In effect, it argues for the viability of a trading strategy based on this factor. The paper argues that the differential in trailing equity market performance stronglyRead More


Ramping Up a PE Allocation Over Time

Jul 21st, 2019 | Filed under: Newly Added, Private Equity, The A.I. Industry, Debt Types of Private Equity, Risk management, Equity Types of Private Equity, Private Investments, Risk Management Strategies & Processes

Many investors with long horizons are increasing their allocation to private equity funds: to extract the gains from managerial skill in that field, to reap the illiquidity premium, and simply to diversify. TIAA Endowment & Philanthropic Services has put out a paper on the creation and maintenance of a privateRead More


One Year Left to Run on Critical No-Action Letters for Investment Managers

Jul 18th, 2019 | Filed under: Newly Added, The A.I. Industry, Risk management, Business News, Risk Management Strategies & Processes

The Securities and Exchange Commission issued three no-action letters on the issue of research payments, in light of developments on that issue in Europe in 2017. Specifically, they dealt with the cross-border of Europe’s rules (MiFID II), which were scheduled to take effect, and which did take effect, on Jan.Read More


Restrictions on Pension Plan Investments: A Global Survey

Jul 16th, 2019 | Filed under: Newly Added, Derivatives, The A.I. Industry, Institutional Investing, Hedge Funds, Commodities, Institutional Asset Management, Structured Products, Allocating to A.I.

A new report from the Organization for Economic Cooperation and Development surveys the main quantitative investment restrictions to which pension funds and other pension providers are subject in both OECD countries and a selection of International Organization of Pension Supervisors’ (IOPS) member countries. It reminds us of the general desireRead More


Tick Size and High-Frequency Trading

Jul 15th, 2019 | Filed under: Newly Added, Algorithmic and high-frequency trading, The A.I. Industry, Business News

A lot of hopes have been placed on changes in market tick sizes. In the 1990s there was a big push to reduce the tick sizes of securities, allowing them to get down to one cent or fractions thereof. In the new millennium came a sense of regret. Observers suspectedRead More


The Audacity of Opacity

Jul 15th, 2019 | Filed under: Newly Added, What about beta?, Consultants, Media Coverage of Hedge Funds, Private Equity, Industry Size & Managers, Asset Managers, Institutional Investing, Hedge Funds, High-net-worth investors, Alternative Investments in Context, Endowments & Foundations, Institutional Asset Management, Private Investments, Family Offices, Allocating to A.I.

By Bill Kelly, CEO, CAIA Association Why are we still talking about this? No, it’s not the central bankers and their insatiable easing tendencies, trade wars with China, or even the Women’s World Cup football match (sorry Netherlands!). These stories all make great headlines, drive news ratings, generate tickertape parades,Read More


ESG: WHAT’S UNDER THE HOOD?

Jul 14th, 2019 | Filed under: Newly Added, Social investing, The A.I. Industry, Socially responsible investing, SRI and Clean Energy

By Nicolas Rabener of FactorResearch (@FactorResearch) ESG INVESTING – SIMPLE OR COMPLEX? Investing is complicated as it is simple and complex at the same time. Common advice for new investors is to pursue a buy-and-hold approach for long-term wealth creation. Although this strategy has worked out great in the U.S.Read More


Quantum Computing Will Mess Up all Expectations

Jul 11th, 2019 | Filed under: Newly Added, Algorithmic and high-frequency trading, The A.I. Industry, Technology, Other Issues in Private Investments, Business News, Private Investments, Risk Management & Operations

There are reports that Google is preparing an announcement of “quantum supremacy” for later this year. If true, this is the biggest tech story since the transistor replaced vacuum tubes. It could be a disruptive development for just about every business with an IT department. Among much else, quantum supremacyRead More


Private Equity and the Law in India

Jul 9th, 2019 | Filed under: Newly Added, Private Equity, The A.I. Industry, Debt Types of Private Equity, Equity Types of Private Equity, Other Issues in Private Investments, Private Investments

A forthcoming article in the University of Pennsylvania Journal of International Law discusses the investor control rights typically negotiated in the private equity context in India. The article, by Arjya B. Majumdar, an associate professor at Jindal Global Law School, begins with the quantity of assets under management by theRead More


Oil & Gas: Where is the Capital Flowing?

Jul 7th, 2019 | Filed under: Newly Added, Private Equity, Commodities, The A.I. Industry, Investing in Commodities, Equity Types of Private Equity, oil, Commodities, Other Issues in Private Investments, Private Investments

The last two years have seen record low levels of mergers and acquisitions activity in the oil and gas sector in the United States. There are other signs of lassitude in the field: a record low volume of PE deals, (more of that in a moment), and only six initialRead More


The Dangers and Attractions of Infrastructure Investing

Jul 4th, 2019 | Filed under: Newly Added, Infrastructure, The A.I. Industry, Institutional Investing, Natural Resources and Land, Other Issues in Private Investments, Operationally Intensive Real Assets, Institutional Asset Management, Real Assets, Other Topics in A.I.

An arm of Brookfield Asset Management, Brookfield Infrastructure, announced that it is leading a group of investors to buy Genesee & Wyoming for a cash payment of $112 per share, a premium of nearly 40% over the pre-announcement stock price. This is a big infrastructure play. G&W is a freightRead More


Net Performance Reporting: Not Just Arithmetic

Jul 2nd, 2019 | Filed under: Newly Added, Hedge Fund Industry Trends, Hedge Fund Operations and Risk Management, The A.I. Industry, Industry Size & Managers, Asset Managers, Operations, Hedge Funds, Partner accounting, Fees, Structure of the Hedge Funds Industry

Why can’t a fund manager simply subtract all fees and expenses from gross returns and present the arithmetical result to existing or potential investors? In a newly released paper, Donald Steinbrugge, the founder and CEO of Agecroft Partners, discusses how hedge funds calculate and present their net performance, and theRead More


The Environmental Road to the Future is Paved…in Green

Jul 1st, 2019 | Filed under: Newly Added, Social investing, The A.I. Industry, Socially responsible investing, Climate change, SRI and Clean Energy, Other Topics in A.I.

By Diane Harrison In January of this year, the World Economic Forum published an article, A Business Model for Sustainability, which highlighted a couple of key points relating to the growing interest in green business practices: Global finance is also inching toward sustainability. For example, environmental, social, and governance assetsRead More


SOS

Jul 1st, 2019 | Filed under: Newly Added, What about beta?, Retail Investing, Institutional Investing, Asset allocation, Asset Allocation Models, Alternative Investments in Context, Institutional Asset Management, Allocating to A.I., Other Topics in A.I.

By Bill Kelly, CEO, CAIA Association Ask someone of a certain generation to name the most common worldwide distress signal, and they will likely come back with SOS. No surprise then that this same signal, borne from the Morse code, turns 111 years old on this date in history. MostRead More


How to Improve Your Short-Selling Batting Average

Jun 30th, 2019 | Filed under: Newly Added, Hedge Fund Strategies, The A.I. Industry, Equity Hedge Funds, Hedge Funds

Downside Protection: Process and Tenets for Short Selling in All Market Environments is the new book by Nitin K. Sacheti. This is a better approach than that of certain other short-oriented titles, which have given “how I hit my home run” accounts of making the right call at the rightRead More


Mind the Gap: The Unforeseen Consequences of Smart Beta

Jun 27th, 2019 | Filed under: Newly Added, Retail Investing, The A.I. Industry, Alpha & Beta, Liquid Alternative Investiments, Hedge Funds, Liquid Alts, ETFs, Smart Beta, Other Topics in A.I.

A new paper by Sean Markowicz, a strategist at Schroders, looks into the possibility that fund flows into the assets generically called smart beta are having detrimental consequences for the financial system. It also sheds some light on investors’ bad timing regarding ETFs. The assets at issue are, according toRead More


Hedge Fund Index Backslides in May; Remains in Positive Territory

Jun 25th, 2019 | Filed under: Newly Added, Hedge Fund Industry Trends, CTA, The A.I. Industry, Industry Size & Managers, Equity Hedge Funds, Indexes, Hedge Funds, Event-Driven Hedge Funds, Commodities, Funds of Hedge Funds, Relative Value Hedge Funds

Red ink spoiled an otherwise positive 2019 for he Eurekahedge Hedge Fund Index. The decline of 0.71% leaves the year-to-date performance still well up, at +4.32%. Approximately 41.6% of the funds Eurekahedge tracks were in the black for the month. And 15% have generated double-digit gains year-to-date. North America-mandated hedgeRead More


What Do Owners Think of Smart Beta Strategies?

Jun 23rd, 2019 | Filed under: Newly Added, Retail Investing, The A.I. Industry, Liquid Alternative Investiments, Liquid Alts, Smart Beta, Other Topics in A.I.

FTSE Russell has posted its sixth annual survey of global asset owners’ views of smart beta. Smart beta is a strategy that uses indexes, but that is not traditionally cap-weighted, that is, one where the construction of the index itself incorporates the investment strategy, capturing investment factors or market inefficiencies.Read More


Crop Protection and Inputs Management: Growing Investments in AgTech

Jun 20th, 2019 | Filed under: Newly Added, Private Equity, Commodities, Agriculture, The A.I. Industry, Investing in Commodities, Debt Types of Private Equity, Venture capital, Farmland, Equity Types of Private Equity, Natural Resources and Land, Angel investing, Commodities, Private Investments

The agricultural sector is under pressure from several directions, including depressed commodity prices, increased regulation, climate change, and changes in consumer tastes. This pressure creates a demand for technological progress, and that in turn creates a market for agtech. Two years ago, Finisterre Ventures and Pitchbook combined their data gatheringRead More


The Value of Speculation Limits, or Lack Thereof

Jun 18th, 2019 | Filed under: Newly Added, Commodities, Derivatives, The A.I. Industry, Commodity Forward Pricing, Commodities

CFTC Commissioner Daniel Berkovitz recently spoke to the FIA Commodities Symposium, in Houston, Texas, about the reduction of systemic risks and the strengthening of market integrity under the Dodd-Frank Act. He gave the usual disclaimer, that the views he expressed in this address were his own not those of theRead More


Fixing the Sharpe Ratio: A Machine Learning Approach

Jun 16th, 2019 | Filed under: Newly Added, Performance, Analytics & Metrics, The A.I. Industry, Risk management, Benchmarking & Performance Attribution, Hedge Funds, Risk Metrics and Measurement, Risk Management Strategies & Processes

The Sharpe ratio has long served as a simple but important item in the due diligence tool kit. Formulated by William F. Sharpe in 1966 and first called the “reward to variability” ratio, the number arises from an investment’s rate of return minus the risk-free rate divided by the standardRead More