Billionaire hedge fund manager David Einhorn criticizes the current market for favoring large companies over smaller, potentially undervalued ones. He argues that the dominance of passive investing by major ETF issuers like Vanguard and BlackRock stifles shareholder activism and hampers corporate governance. Einhorn also points to the lack of IPOs as a sign of a broken market.
As the market grapples with geopolitical risks and interest rate uncertainties, investors may consider exploring alternative investment approaches. Quantitative and passive investing strategies offer opportunities to navigate these challenges and potentially generate returns. Julien Palardy, Managing Director and Head of Quantitative and Passive Investing at TD Asset Management, shares his team’s strategies that aim to address these factors. These strategies encompass alpha-driven approaches, risk-driven strategies, and dividend strategies, catering to various investor objectives.
