“A manager attribute which predicts poor future performance is hubris. It leads to lack of openness to different perspectives, new information and better methods. The over-confidence also leads to unwarranted concentration in portfolio and excessive risk-taking.
We operate in an industry where short-term performance is dominated by randomness. Many managers take credit for luck, which then breeds hubris. That hubris sees “alpha” as bragging right and leverage for big bonus. They forget “alpha” is our duty toward clients, and good luck should accrue to clients because it is likely driven by client’s good Karma.”
—Jason Hsu, Chairman & CIO
We are quants who are deeply aware of all the flaws and limitations of the systematic approach and generally very skeptical of our own wonderful backtests and short-term live results.
We hold deep respect for fundamental research. We learn from the best stock pickers—rigorously test their hypotheses, and formalize these insights into our systematic investment approach.
We aim to transform the financial industry's reputation of prioritizing fees over value. Our commitment is to align our success with our clients' by ensuring we do well only when they outperform.
100+ Media Mentions
Members of Rayliant's research team have been widely recognized for their expertise, with publications in leading journals and accolades from some of the industry’s most prestigious awards. Our experts are frequently featured in prominent financial publications and appear on television to provide insights on global markets.
Experienced, Minority-led Investment Team
Award-Winning Research
4 Graham & Dodd Awards
3 Bernstein Fabozzi/Jacobs Levy Awards
3 William F. Sharpe Awards
Seasoned Portfolio Management
Average Investment Experience: 20 Years
Former team at PIMCO & Research Affiliates
Quantitative Research Expertise
Average Research Experience: 8 Years
Team includes PhDs, CFAs, & MFEs
50+ Papers
Leading journals on factor investing, machine learning, portfolio construction, and alpha decay
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