Jacobs Levy Home
Firm Profile
Equity Research
Jacobs Levy Center
BF/JL Awards
JLM Simulator
Site Search
Contact Info


Jacobs Levy Equity Management focuses exclusively on managing U.S. equity portfolios for institutional clients. Strategies offered by the firm include long equity, defensive equity, 130-30, and market neutral long-short portfolios. Building on the pioneering research of founders Bruce Jacobs and Ken Levy, the firm has developed a unique, multidimensional, dynamic approach to investing that combines human insight and intuition, finance and behavioral theory, leading-edge quantitative and statistical methods, and over 25 years of ongoing proprietary research. Jacobs Levy manages assets for a prestigious global roster of corporate defined benefit and defined contribution plans, public retirement systems, sub-advised funds, and endowments/foundations, including many of Pensions & Investments’ “Top 200 Pension Funds/Sponsors.”

“Smart Beta versus Smart Alpha,” by Bruce I. Jacobs and Kenneth N. Levy, Journal of Portfolio Management, Summer 2014. article

Smart beta strategies aim to outperform the capitalization-weighted market through relatively simple alternative weighting methods that emphasize a handful of factors such as size, value, momentum, or low volatility. Though similar in some respects to passive index investing, smart beta strategies are the product of active choices and should be compared with proprietary active multifactor investment strategies (“smart alpha”). Smart beta strategies exploit fewer return opportunities, tend to be more static, and have less control of risk exposures. Furthermore, because of their reliance on a small number of factors, smart beta strategies can run into liquidity and overcrowding problems that can adversely impact their performance. Smart alpha may be the smarter choice.

Highlights from the Second Annual Jacobs Levy Center Conference   Highlights from the First Annual Jacobs Levy Center Conference and Presentation of the Wharton-Jacobs Levy Prize to Harry M. Markowitz
Pictured (l-r) Bruce Jacobs, Professor Jeremy Siegel, Ken Levy
Pictured (l-r) Bruce Jacobs, Nobel Laureate Harry Markowitz, Ken Levy
Jacobs Levy Equity Management Center for
Quantitative Financial Research
Conference on Quantitative Finance
April 25, 2014
The Wharton School
  Jacobs Levy Equity Management Center for
Quantitative Financial Research
Forum on Quantitative Finance
October 23, 2013
New York, NY

© Jacobs Levy Equity Management. All rights reserved.