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What is alpha decay in finance, and are past returns indicative of future returns after all? Answer by Julien Penasse, Assoc Prof of Finance at University of Luxembourg

United statesJulien penasseDavid mcleanRolf banzProfessor of finance at university luxembourgAssociate professorJeffrey pontiffUnderstanding alphaManagement scienceAlpha decayPast returnsFuture returnsStock marketInvestment strategy