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Analysis, data, and ideas for investment professionals.

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March 2026

What Makes a Good Equity Research Report?

Eight criteria professional investors use to evaluate research quality — variant perception, falsifiable thesis, multi-method valuation, explicit scenario weights, substantive risk analysis, quantitative peer benchmarking, internal consistency, and a catalyst map.

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March 2026

What Makes a Good Equity Research Report?

Eight criteria professional investors use to evaluate research quality — and why most coverage fails at least three of them. Variant perception, falsifiable thesis, multi-method valuation, scenario weights, risk analysis, peer benchmarking, consistency, and catalyst maps.

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March 2026

Alternative Data for Portfolio Managers: A Buyer's Guide

Signal decay, vendor evaluation criteria, build vs. buy, cost-adjusted alpha, and the legal risks most PMs underweight. A practical 2026 guide for funds evaluating or expanding alt data programs.

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February 2026

Hedge Fund Interview Case Study Guide: How to Ace the Stock Pitch in 2026

54+ roles open at D.E. Shaw alone, $188K–$350K year-1 comp, and 24 hours to prove you belong. What the case study actually tests, how to beat the clock, and where to find the jobs.

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February 2026

NVIDIA Q4 FY2026 Earnings: We Called $78B, Rubin Is Ahead of Schedule

Stock dropped 5.5% despite beating consensus by $7B. Our supply-chain model nailed the guidance. Here's what the earnings call reveals about Rubin, the sell-the-news pattern, and where NVDA goes from here.

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February 2026

NVIDIA Q4 FY2026 Earnings Preview: What the Supply Chain Says About Guidance

Bottom-up CoWoS and HBM analysis projects $73–78B Q1 guidance vs. Street's $71B. Full scenario framework inside.

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February 2026

The State of the Hedge Fund Industry in 2026

$6.06 trillion AUM, multi-strategy dominance, fee compression, technology spend, quant talent wars, and geographic shifts — the complete landscape for institutional investors.

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February 2026

The Alternative Data Arms Race: What Hedge Funds Are Actually Buying

Inside the $11.65 billion market projected to reach $135 billion by 2030 — who's spending what, the 7-stage evaluation process, and why signal decay changes everything.

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