How to Increase Global Wealth Inequality for Fun and Profit

Bruce Knuteson

Papers from arXiv.org

Abstract: We point out a simple equities trading strategy that allows a sufficiently large, market-neutral, quantitative hedge fund to achieve outsized returns while simultaneously contributing significantly to increasing global wealth inequality. Overnight and intraday return distributions in major equity indices in the United States, Canada, France, Germany, and Japan suggest a few such firms have been implementing this strategy successfully for more than twenty-five years.

Date: 2018-11
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