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

Feb 02, 2021

Experts on ESG, Factor Performance Win Bernstein Fabozzi/Jacobs Levy Award

by Rob Kozlowski, Pensions & Investments, February 2, 2021: Subscribers of the Journal of Portfolio Management recognized two articles as Best Article for the 22nd Annual Bernstein Fabozzi/Jacobs Levy Awards: “Divergent ESG Ratings” by Elroy Dimson, Paul Marsh, and Mike Staunton, and “Alpha vs. Alpha: Selection, Timing, and Factor Exposures from Different Factor Models” by Ananth Madhavan, Aleksander Sobczyk, and Andrew Ang... “Dimson, Marsh, and Staunton’s article provides valuable information for institutional investors seeking to incorporate environmental, social, and governance concerns into their portfolio selection process,” said Bruce Jacobs, principal and co-founder of Jacobs Levy Equity Management. Jacobs added that Madhavan, Sobczyk, and Ang’s winning article “adds to our understanding of factor performance in active portfolios.”

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Oct 14, 2020

Stanford Professors Win Nobel Award for Research on Auctions

by James Comtois, Pensions & Investments, October 14, 2020: Paul R. Milgrom and Robert B. Wilson were awarded the 2020 Nobel Prize in Economic Sciences for their work on auction systems. In the article, Bruce Jacobs observes that “their insights have been applied around the world to the sale of everything from airport... landing slots to government bonds.” Jacobs added that “with Lawrence Glosten, Milgrom applied work on auction markets to explain how market makers create a bid-ask spread (different prices for buyers and sellers) to recoup losses from trades with informed traders who may have superior information.”

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May 04, 2020

An Interview with Bruce I. Jacobs

An Interview with Bruce I. Jacobs, Principal, by Portfolio Management Research, May 4, 2020: Bruce Jacobs discusses the key research concepts that serve as the foundation of Jacobs Levy Equity Management’s investment practice, including disentangling equity factors, smart beta vs. smart alpha, integrated long-short portfolios, introducing the idea of 130-30 portfolios, is 130-30 the right amount of leverage, financial market simulation, his book co-authored with Ken Levy, Equity Management: The Art and Science of Modern Quantitative Investing, and his two books on market crises, Capital Ideas and Market Realities: Option Replication, Investor Behavior, and Stock Market Crashes and Too Smart for Our Own Good: Ingenious Investment Strategies, Illusions of Safety, and Market Crashes. He also recounts the origins of the Bernstein Fabozzi/Jacobs Levy Awards, which recently celebrated their 20th anniversary.

Bruce Jacobs Interview
Portfolio Management Research
New York City
Interviewed February 2020
Released May 2020
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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

Concepts that form the foundation of our approach

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Security prices, technology, and prediction

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We are a signatory to the United Nations Principles for Responsible Investment.