Few people talk about the full cost of trading. Typically, managers and clients measure the cost of transactions – trades actually made – but ignore the opportunity costs associated with trades not made. Abandoning the attempt to buy an attractive stock or sell a mediocre stock because “the price got away” is a common occurrence in portfolio management, yet the foregone expected improvement in performance is rarely included in the cost of trading. Read more »
In 2004, capitalizing on more than a decade of experience managing long/short portfolios, Martingale became one of the first firms to offer 130/30 strategies in the institutional marketplace. Find out more »
