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

Jan 01, 2025

How Misunderstanding Factor Models Set Unreasonable Expectations for Smart Beta

by Bruce I. Jacobs, Kenneth N. Levy, and Sangwoo Lee, Journal of Portfolio Management, January 2025: The poor performance of some smart beta strategies in recent years is due to shortcomings of standard factor pricing models, from which the strategies draw their well-known factors... Inevitably, these factors include some that may fall out of favor, sometimes for extended periods, as market conditions change. Smart beta strategies also are limited by the standard factor models’ narrow focus on a handful of generic factors and a failure to take into account correlations between factors. Overcoming these limitations requires further steps toward a fully active, dynamic, multifactor approach, aka “smart alpha.”

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Dec 09, 2024

Jacobs Levy Selected in Pensions & Investments’ Best Places to Work in 2024

by Caryl Anne Francia, Pensions & Investments, December 9, 2024: Jacobs Levy Equity Management has been recognized as a distinguished winner in Pensions & Investments’ Best Places to Work in Money Management for 2024, among firms... with 50-99 employees. The award is based on employee surveys. The firm’s collegial, collaborative, and innovative culture, with a focus on achieving the best for clients, are a few of the reasons why Jacobs Levy was among this year’s winners.

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Nov 14, 2024

Bruce I. Jacobs’s Keynote Presentation: Building on Finance Theory to Forge the Future of Investment Practice

Journal of Portfolio Management (JPM) 50th Anniversary Symposium, Union League Club, New York, November 14, 2024: Bruce Jacobs’s keynote address to more than 150 investment professionals to celebrate JPM’s 50th Anniversary... discussed recent advancements and refinements in finance theory and application and how they are transforming the landscape of investment strategies. These new approaches include smart alpha, an active, dynamic, multifactor approach that accounts for a wide range of proprietary factors and changing market conditions; an extension of modern portfolio theory that accounts for investor aversion to leverage-related risks; enhanced active equity long-short extension strategies that can improve portfolio efficiency; and asynchronous, discrete-time dynamic simulations of financial markets to better reflect market realities. The keynote presentation is based on two articles published by JPM, “Building on Finance Theory to Forge the Future of Investment Practice,” by Jacobs and Ken Levy, and “How Misunderstanding Factor Models Set Unreasonable Expectations for Smart Beta,” by Jacobs, Levy, and Sangwoo Lee.

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Bruce Jacobs Keynote “Building on Finance Theory to Forge the Future of Investment Practice”
JPM 50th Anniversary Symposium
New York City
November 14, 2024
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Bruce Jacobs Keynote “Building on Finance Theory to Forge the Future of Investment Practice”
JPM 50th Anniversary Symposium
New York City
November 14, 2024
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

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Security prices, technology, and prediction

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