Only showing the latest backtest versions without disclosing their out-of-sample degradation
Backtesting today’s static holdings (managers, asset allocations, sub-asset-classes) into the past - filled with look-ahead bias
Charging fees that are on par with the tracking error of the strategy
Asking candidates at job interviews to reveal ‘interesting new factors and data-sets’
Publishing quant ideas, methods, and factors that you would not actually use to manage assets
Factor explaining someone’s alpha - is a feat in attribution models, not factor investing
Taking out track records of under-performing strategies from third-party performance databases
Moving track-records to another category to improve rankings
Using live-only strategies to demonstrate that a certain type of managers has alpha - add back dead / inactive strategies (eVestment has point-in-time data)
Showing 10-year expected return forecasts on a monthly frequency - not implementable
Non-disclosing portfolio managers’ percent of personal wealth (or corresponding asset class allocation) invested in their own strategies
Not setting bonuses based on cumulative since inception performance
12 Quant Business Practices to Improve