large cap

“There is an argument to be made that absent private companies at this point, you're not really capturing what small caps historically gave you because these companies are not coming public anymore. They're coming public as large caps.”

“Mobuson did a study where he showed that when large caps outperform, alpha's harder to find because they crowd everything out.”

“Both those things impact small caps more so than large caps, and so the spread between large caps and small caps is the widest it's ever been.”

“I was surprised as I looked at the industry data to see that in many cases, there was much wider dispersion at that earlier phase of a manager's life cycle, that fund one, fund two type era, but it was dispersion in both ways. The average was better than mid c…”