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The ability to forecast returns is essential to any strategy, and it is the inspiration for our firm’s name. “Racon” is a maritime radar transponder that identifies obstacles, hazards and landmarks for ships at sea … Read more
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Alas, the theory is elegant but flawed, as anyone who lived through the booms and busts of the 1990s can now see. The old financial orthodoxy was founded on two critical assumptions in Bachelier’s key … Read more
Please expect to see our latest research in the near future!… Read more