Why private credit resilience persists (Special Report)
Private market debt tends to offer better risk adjusted returns and spreads than bonds that trade in public…
Investment Process
Lead Content
After the Annuity: Managing the Effects of Pension Lift-Outs (Metlife IM)
The flat rate premiums paid to the Pension Benefit Guaranty Corporation (PBGC) make it compelling to lift out…
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The Impressive Markets Hypothesis: Prices Still Know the Future (Alpha Architect)
Markets are not perfect. Anomalies exist. But the idea that social media and information overload have…
The Global Financial Cycle and Risk Premia of the U.S. REITs Market (Journal of Real Estate Portfolio Management)
This study examines whether U.S. Real EstateInvestment Trusts (REITs) serve as defensive investment vehicles…
Beyond Growth Rates: Macro Trends and Price Cycles
Aggregate stock prices and aggregate consumption share a common stochastic trend. The authors estimate this long-…
