New Age Alpha, a Rye-based asset management company, has unveiled a direct and custom indexing platform dubbed SPACE (Systematic Personal Asset Customization Engine).
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Investments in “smart beta” products remain popular, and this is likely the inevitable result of an evolution of investing that began half a century ago. “Markets are efficient so you cannot expect to outperform” was the refrain coming from the ivory towers of academia. Around the 1970s came index investing, making investors an appealing promise: