John Authers talks to Cliff Asness, founder of the fund manager AQR, about the popularity of so-called “smart beta” funds that aim to beat market benchmarks using systematic strategies. He finds that they are not new, but they are very well marketed – and the strategies are still working.
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GMS Stock Skyrockets as Suitors Jockey to Buy It
Now, Home Depot has entered the fray, according to a report. There is an apparent bidding war to buy GMS (NYSE:GMS), a leading supplier of building materials. Earlier this week,...