Quality in the time of Covid
There’s a wide range of “quality factor” investing out there. How can the investor distinguish between the variety of methods? More importantly, how can the investor select the best factor method for given economic conditions? To answer this question, a recent paper compared the variety of methods, and examined how each method performed under different market conditions. The paper, “What is Quality?”, by Jason Hsu, Vitali Kalesnik, and Engin Kose, won the Graham & Dodd 2020 award for the best paper published in the Financial Analysts Journal in 2019. To celebrate the achievement, the journal invited the authors of the […]
Private Equity in “the new normal”
From pandemic to protectionism, global events and trends are having an impact on the private equity (PE) markets. From a Canadian perspective, what effect are these issues having on the alignment between PE investors and PE fund managers? In Toronto on July 9, 2020, Helen Pham welcomed three panellists to the webinar titled, “Private Market Trends: Improving Alignment Between Investors and Managers.” The webinar was organized by the institutional asset management committee of the CFA Society Toronto. The panellists shared their thoughts on how investors should view effects of the global pandemic on private equity markets and the associated risks […]