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Jeff Shen: Bad environment for value investors in 2020

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Jacob Wolinsky
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Notes from BlackRock's Jeff Shen presentation from the 2020 SohnX San Francisco Conference.

See the full coverage here.

Q2 2020 hedge fund letters, conferences and more

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Jeff Shen Managing Director, Co-CIO of Active Equity and Co-Head of Systematic Active Equity, BlackRock

  • How to think about big data and AI
  • Bad environment for value investor in 2020
  • Looking at factors
  • Growth and momentum
  • Gap between growth and value
  • Seen this in late 1990s
  • What is core of investment process is the focus
  • Core exposure what matters
  • Chasing
  • Beware of crowding
  • Entering late cycle of market
  • Use data to determine which companies are outperforming à using alternative data
  • Should form a macro view of what is going on in world with alt data
  • Job postings
  • Policy
  • NLP to...

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Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob covered small caps, worked recruiting members for a large hedge fund community and freelance financial journalism. Jacob lives with his wife and five kids in Passaic Park NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal ID. Other methods of secure communication are also available. FD: Most of my portfolio is in I mostly purchase broad-based ETFs, mutual funds or individual bonds - I do this for performance reasons and to avoid any potential conflict of interest or occasional receipt of insider information. I will disclose if I have a stake in any company, but in general I have few stocks and I avoid any trading especially around topics I am covering.