Academic Round-Up: Is AI outpacing its systems?

AI readiness, trend following, the plutonomy, and more

This edition of the Savvy Investor Academic Round-Up offers the latest research from top institutions worldwide. From value investing to the evolution of risk, and from AI to B/P, CLOs, and more, the conclusions they find can help investors take stock of some of the foremost topics on academics' minds and their implications on portfolios.

Artificial Intelligence Index Report 2026 (Stanford)

As AI continues to advance rapidly, can the systems built around it keep up?

Agentic AI for Financial Applications (Amundi)

For compliance reasons, this paper is NOT accessible in the United States

Progress in agentic AI has been substantial, but how well can it operate autonomously in finance?

The Science and Practice of Trend-Following Systems (LGT Bank)

What’s behind trend-following systems? Key components and considerations for investors.

Plutonomy – the AI Edition – and the Coming Crisis (Levy Economics Institute)

The dynamics that drove markets in the 1920s look eerily similar to today’s. But are we prepared for a financial crisis?

A Brief History of Financial Risk (Boston College)

How the understanding of equity risk evolved over the last century and what that means for investors today.

Construction, Leverage, and Crash Risk: FX & Bond Markets (Independent Research)

Can carry strategies earn a persistent premium that survives the assets’ apparent riskiness?

When Funding Markets Move Credit Markets: Foreign Investors and U.S. CLOs (UCLA)

What role do Japanese banks play in the U.S. leveraged credit and global dollar funding markets?

Redeeming Value (Columbia Business School)

How is book-to-price (B/P) incorporated in comprehensive value investing?

Private Credit's State Backstop: How PE Socializes Risk through Insurers (UoT)

Private equity profits from big life insurers and the resulting risk to competitors and taxpayers: proposed reforms.

Webinar

AI-Powered Private Credit Webinar: Scale, Efficiency and Oversight (Apex Group)

For compliance reasons, this paper is only accessible in certain geographies

Exploring where AI is creating measurable value and the challenges private credit firms face as they scale.