If IBM’s Watson can consume one million books per second, does that make it smarter than you? Is the possession of more data and information always an advantage? Big data and algorithms are transforming business and the world as we know it, including investing. Data is the lifeblood of quantitative trading strategies, which in recent …

“So we beat on, boats against the current, borne back ceaselessly into the past.” F. Scott Fitzgerald’s statement on the human propensity to look back and be confined by the past, the last line in The Great Gatsby, has meaning in many different contexts—including institutional investors’ allocation strategies. Investors seem to be constantly battling against …

This thought piece is brought to you by the letter “O,” which has become popular of late. With the increasingly complex, fragmented, and costly investment landscape facing investors and asset managers, outsourcing has becoming an attractive option for firms of all types and sizes. The result is a proliferation of “O’s” preceding the familiar C-suite …

President-elect Donald Trump has made abundantly clear that his presidency will be highly expansionary in terms of economic policy and that he will be actively interventionist in the manner that he exercises power. Currently there is great controversy over both these approaches from both sides of the political aisle. From the right: What about the …

It is our strong view that hedge funds can add significant benefits in terms of risk/return profile, volatility and diversification to any institutional portfolio or to the portfolios of very high net worth individuals. However, it’s no secret that poor performance currently plagues the industry, which has too many funds and strategies that ultimately disappoint. …

“I would say that housing came back very late after the panic in 2008 and ‘09… it has showed continuing growth and momentum. That continues to this day. Household formations fall off a lot in recessions. People double up and move in with their in-laws, but eventually hormones win out. [laughter]” In a recent interview, …

In May I attended the graduation ceremonies at Duke University, where I was treated to legendary Duke coach Mike Krzyzewski giving his first ever commencement speech. As a complement to this, on the trip down to Durham I read investor and technologist Peter Thiel’s Zero to One. Both Coach K’s speech and Theil’s book offer …

I recently traveled to Asia to meet with investors and other finance professionals. The 16-hour flight from New York to Hong Kong reminded me that while it may be a small world, it still takes a long time to travel across it. It also gave me time on the return trip to reflect on the …