The torments of Value investing

Alexis FLAGEOLLET, PhD
Financial Engineer
Written by Alexis Flageollet, Financial Engineer at Seeyond, September 2021
In the first part of this two-part research paper, we discuss the role that the profound transformation of financial markets and investor behavior may have played in the evolution of the performance of Value, an investment style popularized more than 100 years ago by eminent investors. Indeed, the market context of the last two decades, which has become more competitive and systematic, may have been a source of destabilization of the risk/return profile of Value, going against historical observations
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