From one perspective the move from active, human portfolio decision making to passive, computer-driven investment management mirrors societal trend shifts to various degrees. The impact automated intelligence has on a job function, for instance, transforms the human from a leader to a follower to various degrees. In a human / computer artificial intelligence integration project, computers often frame decisions, provide probability path analysis, and point the human in a direction to make a decision. The same can be seen in how high passive ETF participation are impacting active stock management. A new study from hedge fund portfolio management services firm Symmetric…
Do ETFs Distort Earnings Announcements?
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.