Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at the (high) costs of portfolio rebalancing.

Quote of the Day

“It [a hedge fund] is a set of contracting arrangements for the delivery of alpha to clients.”

(Mark Rzepczynski) Quant stuff Behavior Research

Keep reading this article on Abnormal Returns Blog.

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