Quantitative investing has entered a new phase. While systematic investing has been a part of global markets for decades, the environment in which quantitative strategies operate today can feel markedly different than it did five years ago: markets are more volatile, policy shocks are more common, and artificial intelligence is changing the way investment teams […]
Target-date funds – often the default investment choice in retirement plans – promise a simple solution: Start with a high allocation to stocks and gradually move to safer assets like bonds and cash as retirement approaches. Behind this simplicity lies a complex challenge: how should the glide path – the scheme for shifting asset allocation […]