Monday, 30 November 2015
Last updated 57 min ago
Dec 11 2012 | 8:43am ET
Ohio-based investment advisor Empiritrage has launched its flagship strategy with a $20.6 million seed from an unnamed New York family office.
Empirical Quantitative Value is based on strategies developed by University of Chicago finance professor Wesley R. Gray, whose book, Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors, co-authored by Tobias Carlisle, is being released by John Wiley & Sons in December 2012.
The book is billed as a response to the "Magic Formula" of Joel Greenblatt's Little Book that Beats the Market. Grey claims his EQV strategy takes Greenblatt's formula “to the next level” by “incorporating cutting-edge academic research into a unified value-investing framework.”
The EQV strategies are implemented via a managed account platform and carry a 0.95% management fee and no performance fee.
For clients willing to pay a 10% performance fee, Empiritrage will throw in a proprietary market-timing overlay that “utilizes a combination of technical signals with macro fundamentals and valuation metrics to determine allocation decisions.”
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…