Pioneering Investment Research

Bruce Jacobs and Ken Levy pioneered the “disentangling” of numerous factors that influence stock returns

Proprietary Approach

Ongoing in-house research creates proprietary models 

Multidimensional

Our multidimensional process combines human insight, finance, and behavioral theory with the latest quantitative and statistical methods

Dynamic

Our dynamic, forward-looking approach pursues opportunities in changing market environments

Committed to innovative equity research

As the pioneer of the “disentangling” process that helped revolutionize equity investing, we manage equity strategies for a prestigious global roster of institutional clients.

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Latest News

May 22, 2024

Reflections from a Graduating Jacobs Scholar: Q&A with Zachary Long

Frontier of Finance, May 22, 2024: When Bruce Jacobs established the Dr. Bruce I. Jacobs Scholars in Quantitative Finance with a generous donation in 2020, he was hoping to create a program that supported the interests and endeavors of Wharton MBA students majoring in Quantitative Finance... Zachary Long, who is graduating from the Wharton School in May 2024 as a Jacobs Scholar, has accepted an investment industry job in corporate development. “I am confident that Zachary’s experience as a Jacobs Scholar has prepared him well for the exciting opportunities ahead as he embarks on his career,” Jacobs says. Long agrees and credits the program with opening doors to the business and operations side of investment management and with providing recruiting opportunities he would not have had otherwise. He also said that his status as a Jacobs Scholar provides credibility in the workplace.

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Mar 28, 2024

Nobel Prize-Winning Expert on Behavioral Economics Daniel Kahneman Dies at 90

by Palash Ghosh, Pensions & Investments, March 28, 2024: Bruce Jacobs remembers Daniel Kahneman as “a cognitive psychologist who gave birth to a thriving branch of economics based on human behavior rather than on standard expected utility theory.” Jacobs, who is quoted extensively in a remembrance of Kahneman’s Nobel Prize-winning career, said that Kahneman “found that when forced to make complex decisions in... uncertain situations, people were not coolly calculating rational agents. Rather, they tended to rely on heuristics—mental shortcuts and rules of thumb. Kahneman found that people could be irrational in systematic ways.” Their systematic behavior “could be incorporated into a forecasting framework,” Jacobs noted, “an insight that gave birth to the field of behavioral economics.”

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Mar 25, 2024

Bruce I. Jacobs’s Remarks in Tribute to Harry M. Markowitz at the JOIM Spring Conference

Spring JOIM Conference, The Rady School of Management, University of California, San Diego, March 25, 2024: Bruce Jacobs was among a group of colleagues and friends of Harry Markowitz who paid tribute to the late Nobel laureate at the JOIM spring conference in San Diego. Bruce delivered two sets of remarks... In his first talk, “Collaborating with Harry Markowitz: A Remembrance,” Bruce recounted how early correspondences about his work debunking portfolio insurance led to Harry agreeing to write a foreword to Bruce’s book, Capital Ideas and Market Realities: Option Replication, Investor Behavior, and Stock Market Crashes. Harry would subsequently also provide forewords to Bruce and Ken Levy’s books, Equity Management: Quantitative Analysis for Stock Selection and Equity Management: The Art and Science of Modern Quantitative Investing. Bruce, Ken, and Harry collaborated in creating a financial market simulator, JLMSim, and engaged in a spirited debate about Bruce and Ken’s mean-variance-leverage model, an extension of Harry’s mean-variance model. In a second talk given during the conference’s afternoon session, titled “Harry Markowitz Celebration of Life,” Bruce offered some personal recollections about Harry, noting that he was “a master at thinking about how to think about problems.”

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Bruce Jacobs Remarks “Collaborating with Harry Markowitz: A Remembrance”
JOIM Spring Conference UC San Diego
March 25, 2024
Bruce Jacobs Remarks “Harry Markowitz Celebration of Life”
JOIM Spring Conference UC San Diego
March 25, 2024
Bruce Jacobs Interview
"Jacobs Levy: The Art and Science of Investing"
Davos 2020, TBD Media
January 2020
Bruce Jacobs Interview
Portfolio Management Research
New York City
Interviewed February 2020
Released May 2020

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