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Quantitative Research

Explore cutting-edge quantitative insights, harnessing over 25 years of industry leading expertise.

FEATURED RESEARCH

Uncovering Alpha in the Networked Economy

Leveraging AI to shine a light on the hidden connections between companies.

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We distill key insights from our recent publication in The Journal of Portfolio Management and translates them into how we implement momentum for clients at NTAM.

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We present four key considerations for investors integrating ESG objectives into long-term investment frameworks.

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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.

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In this research, we examine how inflation impacts asset returns using an extensive 150-year dataset—the most comprehensive of its kind.

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In this paper, we offer a practical framework for integrating Scope 3 into your portfolios, thus aligning both climate and total return objectives.

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Concerned about elevated valuations and market concentration in large cap stocks, investors are showing increasing interest in small cap stocks.

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We assess the performance of a machine learning-based, long/short factor timing strategy in the large-cap U.S. equity market.

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We explore the changing landscape for dividend yield in the U.S. equity market.

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Clarifying the impact of a net-zero commitment on equity portfolios.

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We uncover fundamental value using a systematic approach in corporate bond markets.

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We apply a form of unsupervised machine learning to derive the probability of being in a stressed economic state.

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We leveraged a dataset spanning 150 years to unveil investment returns across inflationary scenarios.

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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.

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Adaptive factor definitions capture underlying signal momentum while maintaining persistent factor exposure.

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Unsupervised learning algorithms may be a useful way of neutralizing anti-growth biases.

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Passive ESG investing has become increasingly active. It’s time for a rethink.

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Equal Weighting creates more problems than it solves. There are better ways.

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Factors work in Emerging Markets too. Explore the return and diversification benefits.

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Analysis reveals how beta asymmetry works – and when it doesn’t.

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A new volatility regime has delivered more return for less risk.

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The benefits of style factors come with the cost of cyclicality. Diversification is the key to staying invested.

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Our Investment Management Experts

Guido Baltussen
Global Head of Quantitative Strategies

Guido Baltussen serves as the global head of quantitative strategies at Northern Trust Asset Management, where he oversees business development, research, innovation, and thought leadership initiatives. He previously led the firm’s international quantitative teams across Europe, the Middle East, Africa (EMEA), and Asia-Pacific (APAC) regions as head of quantitative strategies, international.

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The proactive, holistic guidance we provide clients is supported by the deep expertise of our thought leaders. Access up-to-date global analysis and market insights from our experts.

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