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 [...]
Denali Interns Present Research
Denali Advisors interns present their research to the Denali team. Robert Snigaroff, standing on the left, is a sophomore at Columbia University studying mathematical economics. Noah Lightfoot, [...]
Estimating Winning Probabilities in Backgammon Races
Abstract: In modern backgammon, it is advantageous to know the chances each player has of winning, and to be able to compute the chances without the aid of calculators or pencil and paper. A [...]