“We think that you’re never going to get rewarded for making ‘comfortable’ investments.
The best investments begin in discomfort.”
— CEO Patrick O’Shaughnessy
During a recent visit to Bloomberg Markets , Jim O’Shaughnessy and Patrick O’Shaughnessy discuss investment strategy, markets, and Patrick’s new role at the firm.
“Bloomberg Markets: O’Shaughnessy on Disciplined Investing” transcript: Continue reading “Bloomberg Radio:
O’Shaughnessy on Disciplined Investing”
Thinking about investing in commercial real estate portfolios? Here’s a look back at how REITs fared during the tail end of 2017. (For other factor investing REIT results, see our REIT Blog archives.)
A Quarter-End Factor-Investing Summary Continue reading “4Q17 Comments:
REIT (Real Estate Investment Trusts)”
Director of Research & Senior Portfolio Manager Chris Meredith joins acclaimed MarketWatch columnist Chuck Jaffe on his daily talk show “The Big Interview” to look back on 2017, and ahead to the new year…
“The Big Interview: Chris Meredith” transcript: Continue reading “Money Life Radio: “The Big Interview””
The past year was full of plot twists. Momentum beating Value was not one of them. The victory comes as no surprise because these 2 themes swap leadership cyclically — 2017 was Momentum’s year. And, as you can see in the exhibits below, Momentum’s winning streak definitively spans all 7 of the universes we ran. Continue reading “2017 Factor Alpha Newsletter
“Value” vs. “Momentum””
The current Bull Market has been unkind to non-U.S. allocations. At a conference I recently attended, the term TINA (there is no alternative) was overheard, more than once, in the context of allocating investor portfolios. Expected returns on fixed income are likely to be low, and identifying top quartile alts managers — let alone gaining access to them — is increasingly difficult. Continue reading ““Purgatory for Pessimists” — International Equities
An Unemotional, Factor-Based Approach”
“What Works on Wall Street” Podcast
Traditional asset allocation favors capacity-based frameworks that are overly-reliant on flawed market cap-weighted indexes. Also, that approach fails to make adjustments for investor risk tolerance or plan size…
Episode 4: This podcast series is now on iTunes, transcript below: Continue reading “Podcast 4: A Returns-Based Approach
for Allocating U.S. Microcap
into Equities Portfolios”
* The backtested results for this article are as of 10/31/17.
Value is the centerpiece of our investment framework and it gets built into every one of our strategies — even growth-oriented strategies. We believe that what you pay for an investment is one of the most predictive characteristics of future alpha. Continue reading “Factor Alpha Newsletter
“OSAM Value” (2000 thru Oct-2017)”
OSAM Director of Research & Senior Portfolio Manager Chris Meredith joins Bloomberg Markets co-anchors Carol Massar and Cory Johnson during his visit to their daily radio program in October.
This interview offers a helpful and concise look at OSAM Research’s process…
“Bloomberg Markets: OSAM’s Chris Meredith on Successful Active Investing” transcript: Continue reading “Active Investing — Tips for Success
on Bloomberg Markets”
“What ails the truth is that it is mainly uncomfortable, and often dull.
The human mind seeks something more amusing, and more caressing.”
— H. L. Mencken
Given our current state of affairs, it seems like right now is a very good time for a refresher on Human Behavior — the one predictable thing in the market. Continue reading “Humans are Unreliable Experts,
Getting in the Way of Outstanding Performance”
As widely reported, in the years since the financial crisis of 2008 passive investing has gained in popularity. While passive investing may have merit in certain portfolios, we believe that traditional indexing is flawed. Continue reading “3Q17 Factor Alpha Newsletter