EDHEC

The importance of the right benchmark

A new paper by EDHECInfra argues that selecting the right benchmark could completely change investors' preferred asset allocation to infrastructure equity and debt.

Frederic Blanc-BrudeMarch 1, 2021

Engagement and divestment: a mighty team

The empirical results of academic studies indicate that both engagement and divestment approaches can be effective in achieving desired ESG outcomes. So, far from being mutually exclusive, both engagement and divestment are mutually reinforcing.

Erik ChristiansenSeptember 1, 2020

Equities

Has your value definition just expired?

Is book-to-price still a suitable definition of the value factor? Researchers at Scientific Beta explore the arguments for different definitions including how to account for intangible capital.

Felix Goltz and Ben LuytenAugust 4, 2020

Equities

A new route to minimising volatility

Defensive equity investment strategies are nothing new, but a key issue with many is that defensive does not necessarily mean low volatility. Scientific Beta looks at a strategy to target both goals, using robust low volatility controls to create a new defensive index for the volatility-averse investor.

Daniel Aguet, Noël Amenc and Felix GoltzApril 3, 2020

Equities

Is factor investing still working?

A large number of long-only multi-factor strategies have performed disappointingly over the past three years. Some have called into question the usefulness of solutions based on factor diversification but recent research by EDHEC suggests this doesn’t hold up against an even remotely serious investigation.

Daniel Aguet, Noël Amenc and Felix GoltzSeptember 20, 2019

Infrastructure

Infra performance benchmarks wanting

The EDHECinfra/G20 survey of infrastructure benchmarking practices, which included representatives of 130 asset owners accounting for $10 trillion, has found that existing performance monitoring benchmarks are self-defeating for asset owners and managers. But improvement, in the form of a more representative, better defined benchmark, may be possible thanks to recent progress.

Frederic Blanc-BrudeMay 29, 2019

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