Institutions

• Endowment fund are essentially equity funds. (papers.ssrn.com)
• Pension funds extrapolate past trends. (papers.ssrn.com)

Earnings

• The universe of stocks where earning revisions work is relatively small. (blog.validea.com)
• More earnings data is now hidden in footnotes. (institutionalinvestor.com)
• Intangibles have only grown in importance as a factor. (klementoninvesting.substack.com)

Round-ups

• A round of November's white papers including 'Alternative investments: The essential buyer’s guide.' (bpsandpieces.com)
• A round-up of recent research on cryptocurrencies including 'Does Bitcoin Behave Like a Commodity?' (capitalspectator.com)

Research

• Can prospect theory help explain the value and momentum factors? (alphaarchitect.com)
• There is no single, perfect, measure of investment returns. (breakingthemarket.com)
• Professional investors are just as prone to the disposition effect. (evidenceinvestor.com)
• A crucial decision when it comes to using ML models. (blogs.cfainstitute.org)
• On the performance of private debt funds. (evidenceinvestor.com)