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When a “Value” Company is Not a Value
by Chris Meredith of O'Shaughnessy Asset Management, 12/6/16

Value has broadly been accepted as an investing style and, historically, portfolios formed on cheap valuations have outperformed expensive portfolios.

Stocks You Shouldn't Own
by Travis Fairchild, Chris Meredith, Patrick O'Shaughnessy, Ehren Stanhope of O'Shaughnessy Asset Management, 2/9/16
Active management has two potential advantages versus an index. The first advantage is the one that most people think of: active stock selection. But this paper instead focuses on the second potential advantage: active stock elimination, or identifying stocks not to own in the portfolio. While owning strong performers is the most obvious source of excess returns versus a benchmark, the stocks that are in an index but not in an active portfolio often explain as much of the active portfolio’s relative returns.

Microcap as an Alternative to Private Equity
by Chris Meredith, Patrick O'Shaughnessy of O'Shaughnessy Asset Management, 9/30/14
Private equity has become a central component of many institutional and high-net-worth investment portfolios over the past decade. While private equity offers potential advantages, it also requires taking distinct risks. This paper highlights an alternative to private equitymicrocap equitieswhich mitigates several of these particular risks.
3 results found.