Academic Research Insight Archives - Alpha Architect
Empowering Investors Through Education| Alpha Architect
The size effect is alive and well, but it's more nuanced than we once thought. Rather than viewing it as a simple "small beats large" phenomenon, we should understand size as a critical dimension that shapes how effectively other investment factors perform. Where Factors Speak Loudest: Why Size Matters in Factor Investing was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.| Alpha Architect
On April 2nd, President Donald Trump announced sweeping tariffs against nearly every foreign economy. A blanket 10% tariff applied to all imports, even from places like the Heard and McDonald Islands, which have no permanent residents, and up to 50% for specific countries like Lesotho, Cambodia, and Vietnam. The reaction was immediate. Stocks cratered, risk assets sold off, and confidence evaporated almost overnight. Why such a sharp response? Tariffs themselves aren’t new; countries use th...| Alpha Architect
This paper reviews early evidence that algorithms can read GP reports, forecast cash flows, and benchmark funds. But it also shows where the limits lie. Should Limited Partners use AI to assist with investment decisions? was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.| Alpha Architect
Can machine learning techniques improve the prediction of cross-sectional factor returns in equity markets? Can Machine Learning Predict Factor Returns? was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.| Alpha Architect
Today, machines are not only processing data but interpreting narratives, forecasting returns, and constructing investment theses once reserved for humans. This paper examines how AI is reshaping the role of the discretionary PM, arguing that the edge isn’t disappearing — it’s migrating. When the Machine Becomes the Portfolio Manager was originally published at Alpha Architect. Please read the Alpha Architect disclosures at your convenience.| Alpha Architect
Empowering Investors Through Education| Alpha Architect
