Archive | June, 2012

Chart of the Week: Reversal of Fortunes – Fairholme Fund

Fairholme (FAIRX), managed by Morningstar’s Domestic Equity Fund Manager of the Decade, Bruce Berkowitz, has been the top performing large-cap U.S. equity fund YTD 2012 (through June 22nd). After being at the bottom of the large-value category in 2011 with a 32% loss, investors are being rewarded so far in 2012. The below chart shows […]

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Chart of the Week: Facebook

While Facebook’s IPO was a landmark event for so many reasons, we thought it would be interesting to see what quantitative analysis of a galaxy of mutual funds using daily data can show a savvy fund investor. With any large, much-heralded new offering, buyers of the security must emerge. In the case of Facebook, buyers […]

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Red Flags in the East: Learning from AIJ

The difficulty Japanese pensions face is hard to overstate. As the world’s most rapidly aging economy continues to confront low economic growth and a paltry interest rate environment, the institutional community’s search for yield is inevitable and necessary. Unfortunately, the discovery of alleged fraud at investment firm AIJ Investment Advisors Co. – where  109.2 billion […]

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An Eye on the Residuals: MPI Presents to CFA Societies on Dynamic Factor Analysis

In conjunction with the CFA Societies of the UK, France and Germany, MPI recently presented at sold-out events in London, Paris and Frankfurt in an effort to address best practice quantitative methodologies for dynamic factor analysis and their applications for the wealth and investment management industry. The presentation, entitled “Hidden sources of alpha: from market […]

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