This paper discusses how we apply active management and the common misconceptions around active and passive investing. We apply a framework to estimate the “pure alpha” opportunity of an active strategy. Our evaluation reveals that a quantitative active strategy may deliv...

“Quality” is a tricky term to define. It can be associated with profitability, earnings consistency and growth, or balance sheet leverage, among other things, a fact that many management teams use to their advantage. But investors don’t have to rely on such ambiguous term...

Free cash flow analysis reveals the extent to which companies that invest heavily in R&D outperform their peers, suggesting investors should be looking to ensure these innovators form a core part of their portfolios going forward. Vince (Qijun) Chen, Director of Re...