Welcome to Quantitative Management Associates Quantitative Management Associates (QMA) combines analytical discipline and seasoned judgment to deliver customized investment solutions. QMA manages $58 billion* in domestic and international assets across a broad range of strategies for:

• domestic and international corporate clients
• public pension plans
• mutual funds
• endowments and foundations
• multi-employer pension plans

QMA identifies investment opportunities by blending the output from quantitative models with the seasoned judgment of 26 investment professionals (including 6 PhD’s) averaging 19 years of experience.
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* $58 billion as of 3/31/08. Quantitative Management Associates LLC (QMA) manages approximately $58 billion in assets, including approximately $4 billion that QMA, as a balanced manager, allocated to investment vehicles advised by affiliated and unaffiliated managers, and approximately $7 billion that QMA allocated to investment vehicles advised by QMA

Featured Research
Why Have Estimate Revision Measures not Worked in Recent Years
(Journal of Portfolio Management, Spring 2008)
An alpha indicator can lose its efficacy if too many investors use it in their trading decisions. Thus, a robust alpha factor model should consider how much of the information in a signal may already be reflected in stock prices.
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Does Relaxing the Long-Only Constraint Increase the Downside Risk of Portfolio Alphas?
(The Journal of Investing, Spring 2007)
In a well-diversified portfolio, relaxing the long-only constraint should not increase the downside risk of portfolio alphas. This is likely even if the underlying stock selection strategy has a bias towards stocks with negatively skewed returns.
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Market Reviews & Outlook QMA's quarterly review of the equity markets and strategic outlook including the equity markets value relative to the fixed income market.
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