Regularly getting out of popular stocks in favor of unfashionable ones is the key to smart beta’s success. Rob Arnott, Research Affliates founder, admits to the FT’s John Authers that his investment strategy does depend on dumb investors to succeed.
Rob Arnott: Smart Beta Relies On The Dumb
Carlson Capital's Black Diamond Arbitrage fund is up 5.77% for the first eight months of the year, including a 1.72% return for August. Last year, the fund returned 2.39% for the whole year. Q3 2021 hedge fund letters, conferences and more The fund consists of merger arbitrage mainly consisting of signed or "rate of return" Read More