Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s edition including a look at how luck affects trend following returns.

Quote of the Day

“So, if you invest in a well-diversified portfolio of funds, in the long run, you end up with the same Sharpe ratio as the market but lower nominal returns.”

(Joachim Klement) Quant stuff Fund flows Corporate finance Retail Research

Keep reading this article on Abnormal Returns Blog.

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