Quantitative investing, asset allocation, and portfolio strategy by Corey Hoffstein
Corey Hoffstein: Retirement funding analysis converges on capital spending zones
Corey Hoffstein outlines his approach to retirement funding and asset allocation, finding that his analysis consistently leads to a similar framework. He describes two primary zones concerning ...
Banks face high and variable hedging costs due to single name stock borrow, Corey Hoffstein notes
Corey Hoffstein highlights several challenges banks encounter when offering products involving single name stocks. He points out that maintaining these positions on the balance sheet incurs ...
Corey Hoffstein: GMO forecasts negative real returns for U.S. large-cap stocks since 2010
Corey Hoffstein draws attention to GMO's 7-year asset class forecasts, which have indicated negative or near-zero expected real returns for U.S. large-cap stocks since approximately 2010 to 2011. ...
Adding more liquid markets does not materially improve trend information ratios, Corey Hoffstein notes
Corey Hoffstein shares that Graham Capital's research indicates expanding the number of highly liquid markets does not significantly improve information ratios for trend strategies. He adds that ...
Corey Hoffstein: Trend following returns often stem from related markets moving together
Corey Hoffstein writes that strong trend following performance does not usually result from a large number of independent opportunities. Instead, he explains that these returns often arise when ...
MSCI USA Enhanced Value Index rebalanced on May 29, Corey Hoffstein notes
Corey Hoffstein raises a question about the frequency of unusual occurrences in the MSCI USA Enhanced Value Index backtest. He points out that the index just rebalanced on May 29. The comment ...
Corey Hoffstein: Most no-transaction-fee mutual funds pay Schwab 40 basis points annually
Corey Hoffstein questions concerns arising among ETF industry participants regarding fee structures. According to Hoffstein, in the mutual fund space, Schwab's Mutual Fund OneSource allows ...
ETF AUM hits $4bn and platform AUM reaches $62bn, Corey Hoffstein notes
Corey Hoffstein highlights the significant achievements of industry peers who have spent years developing their businesses. He cites $4 billion in ETF assets under management (AUM) by Meb Faber, ...
Corey Hoffstein: Comparing turnkey return stacking with managed futures strategies
Corey Hoffstein explores the concept of turnkey return stacking and portable alpha solutions by comparing two portfolio options: 100% S&P 500 plus 100% managed futures versus 100% U.S. bonds plus ...
JPM brings new $50 billion equity trend option, Corey Hoffstein notes
Corey Hoffstein highlights that JPM has launched another equity and trend-following option aimed at investors interested in return stacking. He points out that this category could reach $50 ...
Corey Hoffstein: Increasing fund granularity could lead to explicit LDI strategies
Corey Hoffstein raises the possibility that adding more granular funds to address duration mismatches could effectively lead investors toward using explicit liability-driven investment (LDI) ...
Parallel kyc order book liquidity could be a main focus, Corey Hoffstein notes
Corey Hoffstein suggests that if he were running Hyperliquid or Lighter, he would reserve most of his "season 3" resources for building parallel KYC order book liquidity. This indicates that ...
Corey Hoffstein: Path dependency raises risk in t-bill investments
Corey Hoffstein discusses the perceived safety of U.S. Treasury bills, or t-bills, and raises concern about their extreme path dependency risk. While acknowledging their reputation for being ...
Hyperliquid sees $11 billion in traditional markets volume, Corey Hoffstein notes
Corey Hoffstein comments on the high trading volume achieved by Hyperliquid in current markets. He points out that this amounts to $11 billion in dollar volume specifically on traditional ...
Corey Hoffstein: Portfolio hit all-time high in October 2007
Corey Hoffstein, industry influencer, shared a personal anecdote about his college portfolio reaching a new all-time high on October 9, 2007. He humorously connected this milestone with the onset ...
Intel hits new all-time high after 26 years, KonekoKitten notes
KonekoKitten, industry influencer, highlights that Intel has reached an all-time high for the first time in 26 years. The influencer points out that despite recent highs in March 2018, April 2019, ...
Corey Hoffstein: $100 minimum per ETF trade discourages small transactions
Corey Hoffstein commented that a fee range of $4.95 to $7.95 per trade would be more in line with historical norms. He added that the imposition of a $100 minimum per ETF trade effectively ...
Bitcoin supply could shrink by 25-30 percent under BIP-361, Corey Hoffstein notes
Corey Hoffstein analyzed the potential impact of BIP-361, suggesting that if it were implemented immediately, 25-30% of the current Bitcoin supply would become permanently inaccessible. Hoffstein ...
Corey Hoffstein: Defining optimal return stacking requires addressing constraints and objectives
Investment professional Corey Hoffstein comments on the complexity of defining an optimal return stacking strategy. He highlights that without clearly established constraints and objectives, ...
Alpha shaped by constraints faced by long-only managers, Corey Hoffstein discusses
Corey Hoffstein raises questions about the differences in alpha generation between long-only managers and market neutral managers. He asks how much of the performance gap is due to manager talent ...
Corey Hoffstein: Bonds still offer destination diversification despite increased volatility
Corey Hoffstein recommends a quick read of a resource, highlighting an important perspective on bonds. Hoffstein asserts that while bonds may not reduce portfolio volatility as effectively in ...
