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Investment Strategy: When Does Stock Picking Work?

Investment Strategy: When Does Stock Picking Work?

High return dispersion and volatility are a stock picker’s nirvana.

Investment Strategy: Identify the Best Active Equity Funds

Investment Strategy: Identify the Best Active Equity Funds

Funds that consistently pursue a narrowly defined investment strategy while taking high-conviction positions outperform.

Investment Strategy: Strategy-Based Portfolio Construction

Investment Strategy: Strategy-Based Portfolio Construction

Classifying funds based on their investing strategies instead of via the traditional style grid presents a new way to look at diversification.

Investment Strategy: A Powerful New Foundation

Investment Strategy: A Powerful New Foundation

A simple question asked over 25 years ago, “How should we group and evaluate active equity fund managers?” has evolved into a powerful foundation for rethinking how we look at markets and investment managers.

Interview: Proven Tactical Allocation Strategy Driven by Behavioral Crowds

Interview: Proven Tactical Allocation Strategy Driven by Behavioral Crowds

As published on Advisor Perspectives July 23, 2018

By Robert Huebscher

How does a proven tactical strategy work when the market signal is driven by behavioral crowds? In this interview, C. Thomas Howard, PhD of AthenaInvest reveals how their global tactical portfolio outperforms with a unique behavioral approach.

How to Know When Active Management Performs Best

How to Know When Active Management Performs Best

A new measure reveals when the odds are stacked in favor of active managers and when it might be best to go passive.

By C. Thomas Howard, PhD

Can Behavioral Factors Improve Tactical Performance?

Can Behavioral Factors Improve Tactical Performance?

More and more, Financial Advisors agree that portfolios with a tactical tilt provide increased asset allocation flexibility that can improve returns and help manage risk.

Life after MPT

Life after MPT

Modern portfolio theory (MPT) is questioned by many in the financial advisory industry and for good reason. An ever-growing empirical research stream soundly rejects the three MPT pillars of mean-variance optimization, the capital-asset pricing model (CAPM) and the efficient markets hypothesis (EMH).

The Active Equity Renaissance

The Active Equity Renaissance

The Active Equity Renaissance is a series of posts by AthenaInvest's Founder and CIO, C. Thomas Howard, PhD, and Jason A. Voss, CFA, retired co-Portfolio Manager of the Davis Appreciation and Income Fund. It proposes an alternative to modern portfolio theory (MPT), and pokes holes in MPT’s underlying assumptions. Ways to improve active management returns are discussed throughout.

Read the Series on Enterprising Investor 

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Greenwood Village, CO 80111

Phone:   (877) 430-5675
Fax:        (303) 721-6294
Email:     support@athenainvest.com