Quant investing in 2025

From AI models to old-fashioned quant approaches

Explore the latest thinking on quant investing from global asset managers and institutions.

Portable Alpha: Solving the Magnificent Problem (Man Group)

Portable alpha strategies divide an investment into a beta component, representing market exposure of some sort, and an uncorrelated “alpha” component.

Imbalance Sheet: Supply, Demand, and S&P 500 Financing (DE Shaw Group)

The law of one price states that different instruments providing the same exposure should cost the same.

Factor Index Performance across Macro Cycles (S&P Dow Jones Indices)

Systematic factor investing has been widely adopted by both institutional and individual market participants, especially after the Global Financial Crisis of 2007-2008.

The Art of Quant Investing (Robeco)

What makes a team exceptional? How do the distinct worlds of quant and fundamental investing intertwine?

Dynamic vs. Static Position Sizing on Trend-Following Perf (Quantica Capital)

Among the most notable price developments and enduring market trends in recent years has been the sustained rise in the price of cocoa futures.

Convexity: The Trend Following Game Changer! (Top Traders Unplugged)

Tune in for a deep dive into the mechanics of risk, reward, and the powerful edge convexity can give your portfolio.

Anonymity, Signaling, and Collusion in Limit Order Books (University of Oxford)

Empirically, the authors of this paper find that in some ETFs, market makers also have distinct quoting patterns in the trailing digits of their limit orders.

Numerical Reasoning and Look-ahead Bias in AI Models (Chicago Booth)

A challenge with applying AI models to research is that these models are often black boxes.