Publications
Risk & Discipline
A complete walk-through of the September 2026 fund crisis in Turkey: how the loop was built, why the run was inevitable, what investors and the index lost, and why the new SPK rules are the right response.
Fund Update
An overview of the GNH Fund — what it is, how it is structured, and what it is designed to do for investors seeking systematic exposure to Turkish equities.
Methodology & Research
Holding many stocks is not the same as being diversified. Understanding what diversification actually means — and how to measure it — changes how portfolios are built.
Investor Explainer
Alpha and beta are two of the most cited terms in investment management. Here is what they actually mean — and why the distinction matters for how the GNH Fund is managed.
Methodology & Research
The term 'quantitative research' suggests complexity and opacity. In practice, it is a discipline defined by testability, honesty about limits, and a direct connection between research and portfolio decisions.
Risk & Discipline
Volatility is one of the most used and most misunderstood concepts in finance. Here is how we think about it — and why treating it as the enemy leads to worse portfolios.
Methodology & Research
There is a lot of noise around the term 'systematic investing.' In practice, it means something specific — and different from what most people assume.
Methodology & Research
Every statistical estimate built from historical returns contains both real information and noise. Here is how we separate the two — and why it matters for the portfolios investors hold.