ChatGPT: The Origins, the Hype, the Opportunity
For most investment managers, ChatGPT represents the starting whistle in a tech arms race many had hoped to avoid. Source link
The Size Factor Matters for Actual Portfolios
The size factor is among those equity risk factors that have provided a premium over the longer term. Recently, however, some researchers have expressed doubt about its utility based on…
Shorting Lousy Stocks = Lousy Returns?
Introduction Playing the stock market should be easy: When the economy is booming, buy equities. When it’s deteriorating, short them. Stock selection shouldn’t take much effort either — we just…
ChatGPT and the Future of Investment Management
Larry Cao, CFA, is the editor of The Handbook of Artificial Intelligence and Big Data Applications in Investments, from the CFA Institute Research Foundation. I committed to writing something about…
The FX Global Code: Why Now Is the Time
Not for syndication. This article cannot be republished without the express permission of RBC Global Asset Management Inc. What if I told you that the largest, most liquid market in…
Agency Capitalism in Private Markets: Who Watches the Agents?
Capitalists once invested and administered their own money. But beginning in the late 19th century, independent managers progressively took charge, first of the businesses to which the capital was tied…
Decoding the Crypto Mindset with NLP: Bitcoin, Reddit, and FTX
The Bubble That Popped But Didn’t Deflate When financial bubbles burst, they usually, you know, burst. So, when the FTX crypto exchange collapsed last November, many crypto skeptics expected bitcoin…
Can Tracking Error Boost Index Funds’ After-Tax Returns?
Investors tend to view an index fund’s tracking error in a purely negative light. When a fund fails to track its benchmark especially well, investors’ assumption is that the fund…
Ashton Kutcher: VC career lets me choose ‘fun’ roles
Netflix’s latest cozy romcom hasn’t gone down fantastically well with critics. Rolling Stone said the leads, Ashton Kutcher and Reese Witherspoon, have “zero” chemistry, while Rotten Tomatoes’ “Tomatometer“—which measures critics’…
Presidential Election Cycle Theory: A Bullish 2023?
This year, 2023, is the heralded third year of the presidential election cycle. It has kicked off with nervous markets eyeing political drama in Washington, DC: contentious votes to elect…
