The Case for Active Management in U.S. Small Caps
Our research shows that active managers have a strong case for investing in U.S. Small Cap equities. This paper demonstrates that ...
June 7, 2023PanAgora’s Dynamic Equity strategies are built upon the belief that behavioral biases of investors create pricing inefficiencies in Equity markets. Unlike traditional quantitative approaches that utilize the same factors and same factor weightings for every company in the investment universe, PanAgora’s proprietary Contextual Alpha Model seeks to capture the unique alpha drivers of each company, based on their fundamental characteristics. We believe that no two stocks are alike, and that the characteristics of each company undeniably change through time. The Contextual Alpha Model is designed to systematically establish a tailored alpha forecast model for each company and adapts this forecast as a company’s fundamental characteristics evolve.
Our research shows that active managers have a strong case for investing in U.S. Small Cap equities. This paper demonstrates that ...
June 7, 2023Equity portfolio tracking error to a benchmark is a most ubiquitous restriction for active portfolios as prescribed by fiduciaries. The restriction is ...
Aug. 1, 2023PanAgora’s paper, “Teaching Machines to Understand Chinese Investment Slang,” is published in the Journal of Financial Data Science Winter 2020 issue. © [2020] PMR. ...
Jan. 21, 2020