Important Disclosures

Links to articles are for general information purposes only and do not constitute an offer to sell, or a solicitation of an offer to buy, any security. Past performance is no guarantee of future results and diversification does not guarantee investment returns or eliminate the risk of loss. Moreover, wherever there is the potential for profit there is also the possibility of loss. Before embarking on any investment program, an investor should carefully consider the risks and suitability of a strategy based on their own investment objectives and financial position. Any opinions expressed in an article are current only as of the time made and are subject to change without notice. The information contained in an article may include estimates, projections and other “forward –looking statements.” Due to numerous factors, actual events may differ substantially from those presented.

Building Covid Resilient Portfolios

Equity markets may have held up remarkably well over the past months, but that should not fool investors into a false sense of security. The risk level is still high and many investors may be wondering just how well their equity portfolios can withstand the unfolding crisis sparked by the spread of Covid-19. In this article from the Nordic Fund Selection Journal, Hal Reynolds, CIO, talks about the insights gained from starting to measure the Covid beta of equity portfolios, bad momentum and the problems of static factor approaches.Click to access Building Covid-resilient Portfolios.

Hedge Fund Investors Ditch Misfiring Quant Trade Losing Billions

As fundamental signals employed by quantitative approaches have struggled to predict the right winners and losers in a pandemic market, quant managers are challenged to increase flexibility in their risk indicators and add short-term signals. CIO Hal Reynolds shares how Los Angeles Capital has risen to the occasion by recently created a dynamic analytical tool (sometimes referred to as a Covid factor) to help capture a company’s sensitivity to macro shocks. Click here to read the article.

Bubble or No Brainer?

The global shift to working from home due to the coronavirus pandemic has led to Technology emerging as a victor in the market. However, there is the question of whether this sector will remain to see long-term benefits as the pandemic subsides. CIO Hal Reynolds weighs in on the digital economy. Click here to read the article: Bubble or No Brainer? Six specialists on the dash to tech.

Five-year gilt yields go negative for the first time in dash for safety

For the first time, the British government was able to raise new money in the gilt market paying a negative interest rate. Further, there is talk of an expansion of quantitative easing program to stimulate the economy and encourage banks to lend. In the article in The Times, LACM CIO Hal Reynolds, weighs in stating “there is no empirical evidence that negative rates are helpful for growth”.

EM Equities: Quant Strategies Closing the Gap

Co-Director of Research, Brad Rowe provides insight into how improvements in the quality and coverage of data has allowed quant managers to catch up to fundamental managers in data on the emerging markets. Click here to read Closing the Gap.

LACM Joins Climate Action 100+ Initiative

“Los Angeles Capital has joined Climate 100+ in an effort to help strengthen the disclosure of climate-related financial information, as well as to encourage companies to improve the governance of this issue,” says Hal Reynolds, CIO and founding partner of Los Angeles Capital. Click here to read the press release featured in Institutional Asset Manager.

When the Big Get Bigger, Active Stockpickers Feel Even More Pain

The divergence in performance between small and large cap companies is discussed in ‘When the Big Get Bigger, Active Stockpickers Feel Even More Pain’, where Co-Director of Research Ed Rackham comments on recent factor efficacy in larger companies. Click here to access the article: When the Big Get Bigger.

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