Blogs

Observations

Does Klay Thompson Have a Hot Hand?

November 1, 2018

Wow, talk about “hot hands”! On Monday night, Golden State Warrior Klay Thompson set an NBA record with 14 three-pointers against the Chicago Bulls, breaking the previous record of 13 set by... Read More

Active Tax Management

Introducing Aperio's After-Tax Back-Testing Analysis Tool (ATBAT)

November 29, 2017

An enormous body of academic finance literature discusses the pre-tax performance of public equity factor tilts, but almost nothing measures the impact of taxes on taxable asset owners. Pete Hand... Read More

Active Tax Management

Adding Alpha by Defusing the Disposition Effect

(Or Tying Yourself to the Mast)

October 19, 2017

In 1979, Daniel Kahneman and Amos Tversky published "Prospect Theory: An Analysis of Decision Under Risk." Regarded as perhaps the seminal paper in behavioral economics, the article’s central idea... Read More

Observations

Is the Growth of Indexing Making Markets Less Efficient?

July 25, 2017

Morningstar Inc. estimates that between 2013 and 2016, investors added nearly $1.3 trillion to passive mutual funds and exchange-traded funds (ETFs), and pulled more than a quarter trillion out of... Read More

Observations

Announcing the Aperio Group Blog

June 13, 2017

We're excited to launch our new blog to share the latest ideas and insights percolating around Aperio. New questions come up in our conversations with clients all the time. This often sparks... Read More

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