The beta space is a powerful way to map the investment strategies of semi-diversified investors. Three metrics define the beta space: regular or exogenous betas (x-βs), linked to macroeconomic cycles; endogenous betas (n-βs), related to innovation hazards; and a combination of the two — the...

Frequently investors have much more information than they can possibly digest. Developing and employing efficient information processing machinery to handle large amounts of data in a consistent way is the key to success in this environment. In this article we argue that it is critical for...