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Don't Be Tricked By 'Alpha Mirage'

TedTed
in The Bullpen
FYI: People are worried about smart beta.

This shouldn't be too surprising because, as Matt Levine's work has clearly shown, people are worried about everything.

However, what may be somewhat unusual in this case is the party doing the worrying. Warning of the "reasonable probability" of a crash in smart beta is none other than Rob Arnott's Research Affiliates, one of the pioneers of the concept
Regards,
Ted
http://www.bloomberg.com/gadfly/articles/2016-02-22/don-t-be-tricked-by-the-alpha-mirage-from-smart-beta
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