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 


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


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, 2018

19th Annual Bernstein Fabozzi/Jacobs Levy Awards

Journal of Portfolio Management, Winter 2018: “King of the Mountain: The Shiller P/E and Macroeconomic Conditions” by Robert Arnott, Denis Chaves, and Tzee-man Chow has won top honors in the 19th Annual Bernstein Fabozzi/Jacobs Levy Awards... Journal of Portfolio Management subscribers named it Best Article to appear in the publication during 2017. The authors’ findings that moderate levels of inflation and real interest rates coincide with the highest average valuation multiples, “are an important contribution to the literature,” said Bruce Jacobs, principal and co-founder of Jacobs Levy Equity Management. “They will cause many investment experts to reconsider the widespread assumption that stocks fare best when inflation and interest rates are at rock bottom.”

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Dec 01, 2017

To Remain Current and Relevant

by Rhea Wessel, CFA Institute Magazine, December 2017: Ken Levy is interviewed upon completing 30 years of continuing education after achieving the Chartered Financial Analyst designation. “For me, life is continuing education and that pertains professionally as well,” explains Ken, who served on... the CFA Institute Curriculum Committee for three years. “To remain current and relevant in any profession, you need to continually be learning.”

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Oct 09, 2017

Richard Thaler, Famed for ‘Nudge' Theory, Wins Nobel Economics Prize

by Rob Kozlowski, Pensions & Investments, October 9, 2017: Bruce Jacobs notes in this article that Thaler, one of the founders of behavioral finance, “documents the many shortcuts humans take when confronted with more information than can be processed quickly. These shortcuts can explain why... stock prices reflect investor fads and herd instincts rather than cool calculation, leading to phenomena such as momentum bubbles and subsequent crashes.” Additionally, Bruce comments “models that assume investors act rationally can be blindsided by irrational markets because they fail to account for investor biases.”

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Concepts that form the foundation of our approach

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Security prices, technology, and prediction

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