Friday, July 1, 2011

Implicit Cost for Asset Allocators - July 1st 2011

"Minimizing implicit cost," all that work in an academic study to find out that it is something discretionary traders do everyday in smoothing entries and exits on trades. Traders trying to position appropriately will scale in with smoothed market timing. Perhaps this concept is not well understood to the pure asset allocator and pure traditional portfolio managers.

Analyze Capital LLC

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