目录

The Golden Age of Quant
量化分析师的黄金时代

Managing the Downside of Active and Passive Strategies—Part 1: Convexity and Fragilities
对主动及被动策略缺点进行管理——第一部分：凸性和脆弱性

Volatility-Managed Portfolio: Does It Really Work?
根据波动率管理构建的投资组合：真的有效吗？ 

Policy Portfolios and Portfolio Characteristics
政策组合和组合特征

Fitting Private Equity into the Total Portfolio Framework
将私募股权纳入总投资组合框架 

Dynamic Strategy Migration and the Evolution of Risk Premia
动态策略迁移和风险溢价的演变

Relative Strength over Investment Horizons and Stock Returns
投资前景和股票回报的相对优势

On Black’s Leverage Effect in Firms with No Leverage
论无杠杆公司的布莱克杠杆效应 

Why Do Enterprise Multiples Predict Expected Stock Returns?
为什么企业多重效应（EM）可以预测股票预期收益？ 

Trading against the Grain: When Insiders Buy High and Sell Low
逆市交易：当内部人士高买低卖时  

原文链接：https://jpm.pm-research.com/content/46/1 

翻译者：谭丰林