Investment Insight
The Use and Misuse of Tracking Error
Equity portfolio tracking error to a benchmark is a most ubiquitous restriction for active portfolios as prescribed by fiduciaries. The restriction is ...
Research
PanAgora’s experts are committed to providing innovative research through theory and practice. We invite current and prospective clients, as well as consultants, to benefit from the fruits of our theory and practice through our quantitative investing research.
Our distinguished academic advisors contribute thought leadership and valued outside perspective on economic, market and theoretical research to PanAgora’s Investment Committee.
Amir Amel-Zadeh
Saïd Business School
University of Oxford
Amir’s research examines the economic effects of financial and non-financial reporting …
Search Publications
Investment Insight
The Case for Core Over Value and Growth
PanAgora’s Equity Strategy Research team highlights the risks of allocating to a single investment style, or some combination thereof, over a ...
Investment InsightJournal Publication
“ESG, Fundamentals, and Stock Returns”
For decades, the delivery of wealth maximization has been paramount to investors. More recently, ESG’s adherence to social preferences has caught ...
Journal Publication
“Active vs Passive: Old Wine in New Wine Skins”
Active portfolio management is one of few professions for which worth is defined by a single phrase: risk-adjusted excess return. “Active” in ...
Investment Insight
From Idea to Alpha: Quantifying Fundamental Insights™
Unlike fundamental investors, whose success relies on a series of independent opinions about attractive companies within their universe, the success of quantitative ...
Investment Insight
So, You’re Telling Me There’s a Chance: Increasing the Odds of Achieving ...
In this paper, we first use the Public Plans Database (PPD) to evaluate the average asset allocation scheme of U.S. public ...
Investment Insight
“The Unreasonable Attractiveness of More ESG Data”
Sustainable investing is of tremendous interest in both academia and the investment industry. However, despite the interest and the surge in assets ...
Investment Insight
“Unconventional and Uncorrelated – Differentiation in the U.S. Large Cap Space”
In this paper, the authors illustrate how PanAgora’s U.S. Large Cap Stock Selector strategy may provide considerable diversification and seek ...
Investment Insight
“The Quantitative Approach for Sustainable Investing”
In this paper from the Journal of Portfolio Management, the authors argue that quantitative methods have unique advantages for sustainable investing in ...