Investor Learning Center

Gain unique insight into research by Dr. John J. Schmitz
Dr. John Schmitz's article "What Has Worked on Bay Street", published by the Canadian Investment Review, examines the impact of a large number of fundamental and individual stock characteristic variables on stock returns. This study identifies the variables that have generated the highest and most consistent return payoffs over the past decade, while controlling for the influence of the other variables.
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Transactions Costs for TSE-listed stocks
An article by Dr. John Schmitz, published by the Canadian Investment Review, analyzes transaction costs for stocks traded on TSE over a decade. This study demonstrates how total transactions costs faced by Canadian equity investors can erode the performance of an investment strategy. It also reveals surprising findings on important cost differences across price, size and liquidity categories.
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An Introduction to Hedge Funds
BARRA Rogers Casey initial article in series: "An Introduction to Hedge Funds" explores the growth of hedge funds, discusses the various types of hedge fund strategies, and identifies the issues that have prevented hedge funds from becoming a significant part of institutional investors' portfolios to date. The article concludes that the hedge fund strategies are worthy of consideration as many of them offer the opportunity to generate returns independent of the movements in broad capital markets. In addition, many of these strategies have demonstrated the ability to generate attractive risk adjusted return over time.
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Market Neutral Investing
BARRA Rogers Casey article on Market Neutral Investing discusses both the positives and the negatives of market neutral investing, more specifically long/short equity market neutral. The paper highlights why BARRA Rogers Casey believes that it is a viable strategy worthy of consideration.
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How to Outflank a Flat Market
An article by Toreigh Stuart, President & CEO of iPerform Hedge Funds, pinpoints the advantages of hedge fund investing in lasting flat markets. Market Neutral strategy is employed to illustrate the point that during these lacklustre times, it is feasible to thrive on the profitable interaction among undervalued securities held long and overvalued securities sold short.
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