When BlockRock’s Andrew Ang looks at factor investing and market cycles, he thinks there is nothing new under the sun. Factors and market cycles have always existed, he told an audience at the Morningstar ETF Conference. It’s just a matter of how to recognize them in an active manager’s performance stats and extract them into an investment vehicle. [activistinvesting] Ang says more than 50% of an active manager’s performance is due to “static” factors “Smart beta was created by watching active managers,” Morningstar Director of Global ETF Research Ben Johnson noted as he opened the conference. This is the concept…
BlackRock Automation Expert Says Factors Must Be About More Than Backtesting
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.