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- Insights & Research
- Who We Serve
- What We Do
- About Us
- Insights & Research
Quantitative Research
Explore cutting-edge quantitative insights, harnessing over 25 years of industry leading expertise.
FEATURED RESEARCH
Trade Tariffs: Unprecedented But Not Uncharted
Explore the historical performance of asset classes and equity factors during periods of elevated protectionism.
We present four key considerations for investors integrating ESG objectives into long-term investment frameworks.
Leveraging AI to shine a light on the hidden connections between companies
Low volatility equities have provided favorable risk-adjusted returns over the long-run and in 2025. But design decisions can lead to a range of outcomes.
In this research, we examine how inflation impacts asset returns using an extensive 150-year dataset—the most comprehensive of its kind.
In this paper, we offer a practical framework for integrating Scope 3 into your portfolios, thus aligning both climate and total return objectives.
Concerned about elevated valuations and market concentration in large cap stocks, investors are showing increasing interest in small cap stocks.
We assess the performance of a machine learning-based, long/short factor timing strategy in the large-cap U.S. equity market.
We explore the changing landscape for dividend yield in the U.S. equity market.
We uncover fundamental value using a systematic approach in corporate bond markets.
We apply a form of unsupervised machine learning to derive the probability of being in a stressed economic state.
We leveraged a dataset spanning 150 years to unveil investment returns across inflationary scenarios.
Is the 2023 growth rally a stock rally, or merely a style rally? We review the recent growth rally to see what exposures investors are really paying for.
Adaptive factor definitions capture underlying signal momentum while maintaining persistent factor exposure.
Unsupervised learning algorithms may be a useful way of neutralizing anti-growth biases.
Passive ESG investing has become increasingly active. It’s time for a rethink.
Equal Weighting creates more problems than it solves. There are better ways.
Factors work in Emerging Markets too. Explore the return and diversification benefits.
Analysis reveals how beta asymmetry works – and when it doesn’t.
A new volatility regime has delivered more return for less risk.
The benefits of style factors come with the cost of cyclicality. Diversification is the key to staying invested.
Our Investment Management Experts
Michael Hunstad is President of Northern Trust Asset Management (NTAM), where he is responsible for developing long-term business strategies, delivering world-class investment solutions and services for its clients, cultivating strategic relationships, and developing talented investment professionals.
Peter Zymali is a senior portfolio manager and is responsible for portfolio management for the firm’s Quality ESG strategy. He serves as a member of the Northern Trust Sustainable Investing Council as well as the Proxy Voting Committee. He currently is the lead manager of the Northern U.S. Quality ESG mutual fund.