McKinley Capital to be acquired by Denali Advisors

McKinley Capital Management, LLC (“McKinley Capital”) announced it is in the process of a transaction to be acquired by Denali Advisors, LLC (“Denali”). The transaction is expected to close by [...]

Earnings and Liquidity Factors

Abstract:  A model with factors for earnings, liquidity, their respective growth, and the market can offer a consumption rationale with low pricing error. It also subsumes one-year momentum [...]

Comparing Anomalies Using Liquidity and Earnings

Abstract:  We compare three factor models and their ability to explain a set of portfolio anomalies. Two of these models are based on market capitalization which most of the industry [...]