31 December 2025 Behavioral Alpha Benchmark Ranking: A Tale of Two Firms
Our latest (three years ended December 31, 2025) Essentia Behavioral Alpha Benchmark ranking shows a pronounced downturn in decision-making outcomes across the ranked universe.
Q3 2025 Behavioral Alpha Benchmark Ranking: From Selection to Execution
This quarter’s results show a shift in the drivers of decision-making skill — from stock selection toward capital-allocation and timing decisions.
Winners and Losers in a World Without Quarterly Reporting
The question of whether quarterly earnings reporting promotes or undermines long-term value creation is back on the table. With U.S. policymakers once again considering a shift to semi-annual reporting, it’s worth asking: what would such a change really mean?
Q2 2025 Behavioral Alpha Benchmark Ranking: Adding Value
Reversing a downward trend, active equity manager decision-making added value in the three years ending 30 June 2025.
Asking the Right Questions of Active Investment Managers
Knowing what to ask – and how to ask it – matter more than ever.
Q1 2025 Behavioral Alpha Benchmark Ranking: Skill Under Pressure
As decision-making scores extend a multi-quarter decline, skilled managers continue to stand out for their consistent performance.
The Behavioral Alpha Benchmark: Q4 2024 Ranking
Our 36-month decision-skills analysis finds strength in small caps, declining hit rates, and a new leader in our ranking.
Active Equity Fund Management Isn’t Dying – It’s Evolving
For active managers, the path ahead is narrower and more demanding, but those who can align with evolving investor needs and deliver tangible value will find that their relevance is not obsolete.
The Behavioral Alpha Benchmark: Q3 2024 Ranking
Our portfolio manager assessment identifies the top five investment decision-makers, while powerful new insights emerge from our analysis.
The Link Between Decision-Making and Investment Returns
Our new paper describes the relationship between investment skill and returns – and could revolutionize portfolio manager evaluation.