Nouvelles et Publications

08-06-21

Cheap market beta is not the end of active investing

How passive is passive investing, is the question we are tackling in this paper. With the rise of Exchange Traded Funds, a growing body of literature has been concerned with the dichotomy between active and passive investing and its implications for market efficiency, market stability and corporate governance. We look into the topic from a slightly different angle, analysing and contrasting the various discretionary elements in ETF construction.

11-05-21

Demystifying share buybacks

Share repurchases have been lauded for increasing investor’s returns and blamed for driving up leverage ratios and stock market valuation. In this paper we elaborate on the often misunderstood mechanics of buyback programs and show why we think that their influence and importance is widely exaggerated.

07-04-21

Does 1 and 1 really make 3 in value investing?

Value investing is one of the oldest approaches in single stock picking but over the past decade the style has lost some of its appeal. Numerous researchers and investors have therefore suggested enhanced value strategies that usually combine valuation driven screenings with quality criteria and claim that such strategies result in superior securities selection. Based on various backtests, our paper challenges these claim and emphasises the important of using appropriate multi-factor benchmarks for multi-factor strategies.

15-03-21

Amadeus Capital is moving

Dear families, dear clients, dear partners, dear friends,

We are pleased to announce that from Monday March 22nd onwards, the Amadeus Capital team will be receiving you at 14 rue Rodolphe-Toepffer, in Geneva, its new headquarters. Built in 1867 by the Swiss naturalist painter Louis-Auguste Veillon to shelter both his family and his atelier, our house will enable us to host our family-clients and our business partners in a more comfortable and suitable manner.

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