This article is only available to Macro Hive subscribers. Sign-up to receive world-class macro analysis with a daily curated newsletter, podcast, original content from award-winning researchers, cross market strategy, equity insights, trade ideas, crypto flow frameworks, academic paper summaries, explanation and analysis of market-moving events, community investor chat room, and more.
Trends That Matter in Asset Management (A Wealth of Common Sense) It’s not all about fundamentals – professionals overtaking amateurs, a surge in target-date funds and quants replacing star managers now matter too.
Don’t Take Their Word For It: The Misclassification of Bond Mutual Funds (NBER) This working paper examines empirical evidence to explain how mutual fund managers could misclassify their holdings, and how such misreporting behaviours are more incentivised after continuous periods of large negative returns.
The Hierarchy of Stock Market Losses (A Wealth of Common Sense) Ben Carlson explains how people may lose money in the stock market differently – this depends on if they’re in developed markets, emerging markets, or just individual stocks.