Melissa R. Brown, CFA - Managing Director of Applied Research

As Managing Director of Applied Research, Melissa Brown generates unique insights into risk trends by consolidating and analyzing the vast amount of data on market and portfolio risk maintained by Axioma. Brown’s perspectives help both clients and prospects to better understand and adapt to the constantly changing risk environment.

Most recent articles by Melissa R. Brown, CFA

Do Yield Curve Inversions Impact Factor Performance?

A client recently asked an intriguing question: “Do style factors behave differently after a yield-curve inversion?” One might think they would, but that turned out not to be the case. 

Posted 08.16.19 Melissa R. Brown, CFA

New Axioma Risk Model Shows UK Bests Many Regions in Return Opportunities

The introduction of an upgraded risk model provides us with a new opportunity to look at factors, and whether we can expect their risks to be compensated over time.

Posted 08.08.19 Melissa R. Brown, CFA

Notes on The Meltdown

The Russell 1000 fell more than 5% from July 31 to August 5, and other indices were similarly down. Owing to those market moves, the risk environment abruptly changed.

Posted 08.06.19 Melissa R. Brown, CFA

These stocks may be crowded … But it doesn’t mean they are riskier than they used to be

We ran a risk analysis of the 19 stocks the WSJ recently listed as some of the market’s most crowded trades, compared with the broader market.

Posted 07.30.19 Melissa R. Brown, CFA

What Is a Factor? The Impact of the Long-Only Constraint

In a follow-up to a recent paper, we drill down into the impact of a long-only constraint.

Posted 06.27.19 Melissa R. Brown, CFA