trading alpha


  • Chapter 09 – The Text Frontier – AI, IA, and the New Research
  • Hunting Investment Alpha and Trading Alpha from Online News, Social Media, and Rumors
    Alpha hunters are always looking for new territory. When a strategy becomes known and used by too many players, the collective market impact of getting in and getting out will squeeze out all the profit juice, and only the lowest-cost transactors (large sell-side [...]

  • Chapter 04 – Where Does Alpha Come From?
  • Where Does Stock Alpha and Alpha Return Come From?
    “Life Is Alpha. The Rest Is Details.” — Popular T-shirt at hedge fund manager events
    There was a time not too long ago when, if you posed the question “Where does alpha come from?” to a roomful of academic financial economists, most of them would complain: “It’s a [...]