In their latest Q4 2024 Pzena Market Summary titled – Living In A Concentrated World – Richard Pzena’s firm says Global equity markets have grown increasingly concentrated, driven by U.S. dominance and a few top-performing stocks, particularly since the rise of generative AI in 2022. This trend has hindered value … Read More
Cliff Asness: How We Avoid the Pitfalls of Traditional Long-Only Active Management
In this interview with Bloomberg, Cliff Asness discusses the challenges of investing in a market dominated by a few highly concentrated stocks, like the “Mag Seven.” As a quant, he emphasizes the advantages of running diversified long-short portfolios, typically balancing around 750 long and 750 short positions across industries. This … Read More