Important Disclosures
文章的链接只供一般参考之用，并不构成出售要约, or a solicitation of an offer to buy, any security. 过去的表现并不能保证未来的结果，分散投资也不能保证投资回报或消除损失风险. 此外，哪里有赢利的可能，哪里就有亏损的可能. Before embarking on any investment program, 投资者应根据自己的投资目标和财务状况仔细考虑策略的风险和适宜性. 文章中所表达的任何意见仅在当时有效，并可在不另行通知的情况下进行更改. The information contained in an article may include estimates, projections and other “forward –looking statements.“由于许多因素，实际的事件可能与所呈现的有很大的不同.
Hal Reynolds Featured in Financial Times
We are pleased to have our CIO, Hal Reynolds, featured in the Financial Times. Hal discusses the health and performance of quantitative strategies, and in particular the influence of the value factor. The full article can be read on the Financial Times' website: http://on.ft.com/3tms0U1
Select Growth Stocks Poised to Outperform in 2021
Despite investor preferences having shifted solidly to value in 2021 thus far, Los Angeles Capital’s Analyst Insight factor, which combines earnings news with estimate revisions and earnings surprise, 继续看好尚未失去基本面动能的成长型股. 首席信息官哈尔•雷诺兹(Hal Reynolds)就世界杯靠谱买球为何预计价值型股票和少数最成功的成长型股票在2021年剩余时间里的表现都将超过预期发表了看法.
“与2020年下半年不同的是，尽管收益疲弱或不存在，但投资者仍青睐风险较高的股票, tomorrow’s returns will be driven by changes in a company’s earnings outlook. 随着全球疫情的过去，投资者的关注点将回归基本面……”
Click here to access the article: Market experts at BlackRock, Principal Global Investors, LA Capital分析了科技股仍有上涨空间的6个原因，以及为什么基本面因素比盲目冒险更重要.
Edelman's Investment Outlook Book for 2021
世界杯靠谱买球很高兴世界杯靠谱买球的CIO Hal Reynolds出现在爱德曼史密斯菲尔德公司的2021年投资展望书中. 爱德曼•史密斯菲尔德(Edelman Smithfield)撰写的《世界杯靠谱买球》(Outlook Book)汇集了投资者对未来一年走势的看法. 在这个版本中，哈尔分享了他的观点，价值，增长，疫苗和投资组合定位. 点击这里直接从爱德曼网站下载《世界杯靠谱买球》一书: http://www.edelman.co.uk/investment-outlook-book-2021. Los Angeles Capital does not endorse the managers, the firms or their opinions in the Outlook book other than those of Hal.
2020 Best Places to Work in Money Management
Los Angeles, CA (Dec. 16, 2020年，世界杯靠谱买球获得了由Pensions公布的2020年最佳理财工作场所奖 & Investments today. Presented by Pensions & Investments, the global news source of money management, 第九届年度调查和表彰计划致力于识别和表彰在资金管理行业的最佳雇主. Click to read the full press release or to access our P&I profile.
Building Covid Resilient Portfolios
Equity markets may have held up remarkably well over the past months, but that should not fool investors into a false sense of security. 风险水平仍然很高，许多投资者可能想知道，他们的股票投资组合能在多大程度上抵御由Covid-19蔓延引发的危机. In this article from the Nordic Fund Selection Journal, Hal Reynolds, CIO, 讨论了从开始测量股票投资组合的Covid beta中获得的见解, bad momentum and the problems of static factor approaches.Click to access Building Covid-resilient Portfolios.
Hedge Fund Investors Ditch Misfiring Quant Trade Losing Billions
由于定量方法所采用的基本信号难以预测大流行市场中正确的赢家和输家, 量化基金经理面临的挑战是提高风险指标的灵活性，并增加短期信号. 首席信息官哈尔•雷诺兹(Hal Reynolds)分享了世界杯靠谱买球(Los Angeles Capital)是如何应对这种情况的，它最近创建了一个动态分析工具(有时被称为Covid因子)，以帮助捕捉公司对宏观冲击的敏感性. Click here to read the article.
Bubble or No Brainer?
由于冠状病毒大流行，全球转向在家工作，使得科技公司成为市场上的胜利者. However, 问题是，随着大流行消退，该部门是否仍能看到长期效益. CIO Hal Reynolds weighs in on the digital economy. Click here to read the article: Bubble or No Brainer? Six specialists on the dash to tech.
Five-year gilt yields go negative for the first time in dash for safety
For the first time, 英国政府能够以负利率在金边债券市场上筹集新资金. Further, 有传言称，将扩大量化宽松计划，以刺激经济并鼓励银行放贷. In the article in The Times, LACM CIO Hal Reynolds, 他强调，“没有经验证据表明负利率有助于增长”。.
Central Banks, Inflation and Economic Normalisation Post Covid-19
In a livestream entitled Central Banks, Inflation and Economic Normalisation Post Covid-19, CIO Hal Reynolds, 提供了他对市场的展望，以及他认为将在未来几个月影响市场的一些主题. Click here to listen to the May 14, 2020 livestream.
EM Equities: Quant Strategies Closing the Gap
Co-Director of Research, 布拉德•罗(Brad Rowe)深入剖析了数据质量和覆盖范围的改善，如何让量化基金经理在新兴市场数据方面赶上了基础基金经理. Click here to read Closing the Gap.
Factor Investing: Keeping a Distance from Single Factors
首席投资官哈尔•雷诺兹(Hal Reynolds)评论了宏观环境的转变对预期回报的影响, 以及过去十年中动量和低波动性策略的成功. Click to access Keeping a Distance from Single Factors.
LACM Joins Climate Action 100+ Initiative
“世界杯靠谱买球已经加入气候100+，以帮助加强气候相关金融信息的披露, as well as to encourage companies to improve the governance of this issue,” says Hal Reynolds, CIO and founding partner of Los Angeles Capital. Click here to read the press release featured in Institutional Asset Manager.
When the Big Get Bigger, Active Stockpickers Feel Even More Pain
在《世界杯买球合法》(When The Big Get Bigger)一书中讨论了小型股和大型股公司的业绩差异, Active Stockpickers Feel Even More Pain’, 世界杯靠谱买球中心的联合主任艾德·拉克姆对最近大公司的因素功效发表了评论. Click here to access the article: When the Big Get Bigger.
Ahead of the Curve: The Mega-Cap Conundrum
世界杯靠谱买球联席主任艾德·拉克姆讨论了量化分析师在2019年面临的挑战，以及超大市值股票所扮演的角色. Click here to access the article Ahead of The Curve.
Value Stocks Post Best Run
As stocks begin to show signs of recovering, and investors start to look beyond the short term, 首席信息官哈尔•雷诺兹(Hal Reynolds)在《世界杯靠谱买球》(Value Stocks Post Best Run This Century After Fire Sale Ends)一书中讨论了世界杯买球合法的防御性倾斜立场。. Click here to access the article Value Stocks Post Best Run.
The proof of the Brexit pudding is in the eating
In 'The proof of the Brexit pudding is in the eating', CIO Hal Reynolds discusses the underperformance of UK stocks, 以及英国风险资产要跑赢大盘可能需要的催化剂. You can access the full article here: The proof of the Brexit pudding is in the eating.