The size factor has recently come under attack from smart beta providers because its performance has lagged behind other factors. A common recommendation is to remove size from the factor menu, to give more weight to factors with better performance. But due to its low correlation with other factors, size offers substantial diversification benefits.
Amanda White sat down for an hour-long fireside chat with David Veal, CIO of the $3 billion City of Austin Employees Retirement System. They discussed private equity, managing strategic relationships, internalisation and adopting Norwegian investment beliefs.
Amanda WhiteJuly 16, 2019
A confluence of recent research and the evolution in perspective of the Delaware courts presents an opportunity for companies and investors to systematically improve performance while reducing unwanted risk exposures. But investors must make the first move.
Keith Ambachtsheer and Keith L. JohnsonJuly 12, 2019