The Legacy of Stephen A. Ross

by Frank J. Fabozzi, Bruce I. Jacobs, and Kenneth N. Levy, Journal of Portfolio Management, Special Issue Dedicated to Stephen A. Ross, June 2018: This introduction to a special issue dedicated to Stephen A. Ross notes that Ross’s work on the arbitrage pricing theory (APT) opened the door to multifactor... models of asset returns. Bruce and Ken’s own work, “Disentangling Equity Return Regularities: New Insights and Investment Opportunities” (Financial Analysts Journal, 1988), revealed numerous return factors in the U.S. equity market.

Hirings: Montana Board of Investments

Pensions & Investments, May 28, 2018: The Montana Board of Investments has hired Jacobs Levy to manage $170 million in domestic large-cap partial long/short equity.

Equity Management: The Art and Science of Modern Quantitative Investing, 2nd Edition (a review)

by Marc L. Ross, Financial Analysts Journal, Second Quarter 2018: Jacobs and Levy "have compiled a highly readable, entertaining, and well-informed collection of articles on the history and development of the quantitative techniques of stock selection," says reviewer Marc L. Ross,... who also comments that the “work provides fodder and invaluable insight for the professional equity investor” and highlights the book's 12 pages of praise and critical acclaim from investment management luminaries.