
Jason Ye
Associate Director, Strategy Indices, S&P Dow Jones Indices
Associate Director, Strategy Indices, S&P Dow Jones Indices
Jason Ye is Associate Director, Strategy Indices at S&P Dow Jones Indices. He focuses on alternate beta strategies including factor-based strategies, dividends, and volatility, as well as quantitative, thematic, and asset-allocation strategies. In his role, Jason works closely with the Sales, Marketing, and Global Research & Design departments to bring new ideas to market.
Prior to his current role, Jason was a Senior Associate at Dimensional Fund Advisor’s Research Group, where he worked with global investors on research and design of factor-based equity strategies. Jason started his investment career with Microsoft’s Capital Markets team, which managed the firm’s internal equity strategies.
Jason earned a Bachelor of Economics from the University of International Business and Economics in Beijing, a Master of Science from the University of Washington, an MBA from the UCLA Anderson School of Management, and he is a CFA charterholder.
In our previous blog (part II), we introduced SPACs’ lifecycles, as well as the potential benefits and risks of investing in SPACs. In this blog, we will focus on SPACs’ liquidity. In general SPACs’ liquidity is poor when seeking the target, surges on the deal announcement date, and remains low relative to the S&P SmallCap…
In the previous blog, we introduced SPACs and discussed market trends that emerged given SPACs’ popularity. In this blog, we will discuss SPACs’ lifecycle, as well as the benefits and risks of investing in SPACs. SPAC Life Cycle There are three stages in a typical SPAC life cycle. 1. A SPAC’s IPO When SPAC sponsors…
SPACs have been raising funds faster than ever before. In 2020, SPACs raised close to USD 100 billion in public offerings, which is more than in the prior 10 years combined (see Exhibit 1); the average IPO size also doubled from 2019 (see Exhibit 2). On July 22, 2020, Bill Ackman’s Pershing Square Capital Management…
The quality factor has been outperforming the S&P 500® YTD, an accelerating trend in place since 2019.[i] In the small-cap space, however, quality underperformed the S&P SmallCap 600® in 2019 (see Exhibit 1). Despite this short-term divergence, quality has exhibited consistent premium in large caps and more profoundly in small caps throughout its history. To…