Academic round-up: Stablecoins, hedge funds, real estate, and more

Papers to help separate what matters from noise

Explore this latest round-up of timely and applicable academic insights into megatrends (such as demographics), hedge fund allocation, the future of money, and portfolio construction.

Demographic Change and the Housing Market (The Journal of Finance)

Demographics and the fate of real estate markets are closely linked. Here is what centuries of data are saying.

The Shades of Investment Factors (Boston University)

The findings of this paper have implications for the rapid development of smart-beta and other indexing strategies in the context of sustainable finance.

Return Stacking and Portable Alpha, an Investor's Guide (Auspice Capital)

Unlike traditional asset allocation, which divides capital across asset classes, return stacking overlays exposures.

Blending Fundamental and Technical Analysis (Columbia University)

Through case studies, practical frameworks, and technical screening, the paper shows how momentum, valuation metrics, and relative strength can enhance capital allocation.

Capital Raising: The Need for Vibrant Public Markets

U.S. financial markets are large, deep, liquid, and are the envy of the world. This is partly because the U.S. has strong regulations and governance.

Informed Trade of Earnings Announcements (MIT)

For financial markets, earnings announcements are a primary source of fundamental information about firms. However, not all investors have equal access to this source.

Optimal Hedge Fund Allocation

Alternatives are becoming ever more popular. How much should investors allocate to hedge funds?

Unraveling Asset Pricing with AI (Southwestern University)

Asset pricing is a key topic within the financial services sector. In recent years, it has been going through a transformation.

In Stablecoins We Trust? (Chicago Booth)

Stablecoins have been growing rapidly in market capitalization for the past year and a half. Will this trend continue?

Short Sellers' Information Acquisition

How short sellers acquire and disseminate information remains poorly understood. This paper seeks to fill this knowledge gap.