Systematic Fixed Income by Scott Richardson: A 15-Part Book Retelling
Book: Systematic Fixed Income: An Investor’s Guide Author: Scott A. Richardson, Ph.D. Publisher: John Wiley & Sons, 2022 ISBN: 9781119900139
Systematic Fixed Income: An Investor's Guide
Setting the Stage: What Fixed Income Is and Why It Matters
Book: Systematic Fixed Income: An Investor’s Guide Author: Scott A. Richardson, Ph.D. Publisher: John Wiley & Sons, 2022 ISBN: 9781119900139
Strategic Asset Allocation: Why Bonds Belong in Your Portfolio
Book: Systematic Fixed Income: An Investor’s Guide Author: Scott A. Richardson, Ph.D. Publisher: John Wiley & Sons, 2022 ISBN: 9781119900139
Tactical Asset Allocation: Can You Time Bond Markets?
Book: Systematic Fixed Income: An Investor’s Guide Author: Scott A. Richardson, Ph.D. Publisher: John Wiley & Sons, 2022 ISBN: 9781119900139
Do Active Fixed Income Managers Actually Beat the Benchmark?
Book: Systematic Fixed Income: An Investor’s Guide Author: Scott A. Richardson, Ph.D. ISBN: 9781119900139 Publisher: John Wiley & Sons, 2022
How to Pick Government Bonds Systematically Using Value, Momentum, and Carry
Book: Systematic Fixed Income: An Investor’s Guide Author: Scott A. Richardson, Ph.D. ISBN: 9781119900139 Publisher: John Wiley & Sons, 2022
Corporate Bond Investing 101: The Market, Credit Spreads, and Default Risk
Book: Systematic Fixed Income: An Investor’s Guide Author: Scott A. Richardson, Ph.D. ISBN: 9781119900139 Publisher: John Wiley & Sons, 2022
Value, Momentum, Carry, and Defensive Signals for Corporate Bonds
Book: Systematic Fixed Income: An Investor’s Guide Author: Scott A. Richardson, Ph.D. ISBN: 9781119900139 Publisher: John Wiley & Sons, 2022
Emerging Market Hard Currency Bonds: How Systematic Selection Actually Works
Book: Systematic Fixed Income: An Investor’s Guide Author: Scott A. Richardson, Ph.D. Publisher: John Wiley & Sons, 2022 ISBN: 9781119900139
Portfolio Construction for Systematic Fixed Income: Signals, Optimization, and Constraints
Book: Systematic Fixed Income: An Investor’s Guide Author: Scott A. Richardson, Ph.D. Publisher: John Wiley & Sons, 2022 ISBN: 9781119900139
Liquidity and Trading in Bond Markets: Why Bonds Are So Hard to Trade
Book: Systematic Fixed Income: An Investor’s Guide Author: Scott A. Richardson, Ph.D. Publisher: John Wiley & Sons, 2022 ISBN: 9781119900139
Sustainable Fixed Income Investing: Does ESG Actually Matter for Bonds?
Book: Systematic Fixed Income: An Investor’s Guide Author: Scott A. Richardson, Ph.D. ISBN: 9781119900139 Publisher: John Wiley & Sons, 2022
Systematic Fixed Income Portfolios: Real Results for IG, HY, and Credit Long/Short
Book: Systematic Fixed Income: An Investor’s Guide Author: Scott A. Richardson, Ph.D. ISBN: 9781119900139 Publisher: John Wiley & Sons, 2022
Systematic EM, Global Aggregate, and Unconstrained Bond Strategies Explained
Book: Systematic Fixed Income: An Investor’s Guide Author: Scott A. Richardson, Ph.D. ISBN: 9781119900139 Publisher: John Wiley & Sons, 2022
Systematic Fixed Income: Key Takeaways and Final Thoughts on Richardson's Book
Book: Systematic Fixed Income: An Investor’s Guide Author: Scott A. Richardson, Ph.D. ISBN: 9781119900139 Publisher: John Wiley & Sons, 2022
Systematic Fixed Income by Scott Richardson: A Complete Guide to Bond Investing
Bonds are boring. That’s the general take, right? Stocks get all the attention. Crypto gets all the hype. Bonds just sit there collecting interest like a savings account with extra steps.
Setting the Stage for Fixed Income Investing: What Every Investor Should Know
Previous: Introduction to the Series
Before we get into the weeds of bond investing, we need to agree on some basics. What even is a bond? How big is this market? And what does “systematic” mean when people throw that word around?
Why Bonds Belong in Your Portfolio: Strategic Asset Allocation Explained
Chapter 2 asks a question every investor should care about. Why put money in bonds at all? Stocks get more attention, they’re flashier, and over long periods they tend to return more. So what’s the case for fixed income?
Tactical Asset Allocation in Fixed Income: Timing Bonds With Value, Momentum, and Carry
So you own bonds. You collected your term premium and credit premium from Chapter 2. Good. But can you do better than just holding them? Can you turn the dial up when bonds look attractive and dial it down when they don’t?
How Active Fixed Income Managers Really Perform: The Case for Systematic Investing
You know those fund managers who claim they’re beating the market with skill? Richardson basically pulls back the curtain in Chapter 4 and says: most of them are just loading up on credit risk. That’s not alpha. That’s beta wearing a fancy suit.
Selecting Government Bonds Systematically: Rate-Sensitive Asset Security Selection
So you want to pick government bonds. Not just any bonds. You want to pick the right ones, from the right countries, at the right part of the yield curve. Chapter 5 of Richardson’s book shows you how to do that systematically.
Picking Corporate Bonds: Credit-Sensitive Security Selection (Part 1)
Government bonds had 13 sovereign issuers to choose from. Corporate bonds? Try over 3,000 issuers and 15,000 individual bonds across developed markets alone.
Corporate Bond Selection: Momentum, Carry, and Machine Learning (Part 2)
Previous: Picking Corporate Bonds: Credit-Sensitive Security Selection (Part 1)
In Part 1, we covered value signals and default models for corporate bonds. Now let’s get into the other three investment themes: momentum, carry, and defensive. Then we’ll see what happens when you combine them all. And yes, we’ll talk about machine learning too.
Emerging Market Bonds: Hard Currency Security Selection for Systematic Investors
Emerging market bonds sound exotic. But they are actually a massive, growing slice of the global fixed income universe. We’re talking about $29.6 trillion in total EM fixed income as of 2020. And yet most investors either ignore them completely or treat them as a single homogenous bucket of “risky stuff.”
Liquidity and Trading in Fixed Income: Why Bonds Are Harder to Trade Than Stocks
You can build the most brilliant bond portfolio model in the world. But if you can’t actually trade the bonds you want, none of it matters.
Sustainability in Fixed Income: Does ESG Actually Help Bond Investors?
Previous: Liquidity and Trading in Fixed Income
ESG is everywhere. Every asset manager talks about it. Every pitch deck has a slide on it. But does sustainability data actually help you pick better bonds?
Putting It All Together: Systematic Fixed Income Portfolios in Action
You made it to the final chapter. Ten chapters of signals, risk models, portfolio construction, trading costs, and sustainability considerations. Now the question is simple: does all of this actually work?