Pioneering Investment Research

Bruce Jacobs and Ken Levy pioneered the “disentangling” of numerous factors that influence stock returns

Proprietary Approach

Ongoing in-house research creates proprietary models 


Our multidimensional process combines human insight, finance, and behavioral theory with the latest quantitative and statistical methods


Our dynamic, forward-looking approach pursues opportunities in changing market environments

Committed to innovative equity research

As the pioneer of the “disentangling” process that helped revolutionize equity investing, we manage equity strategies for a prestigious global roster of institutional clients.

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Latest News

Sep 15, 2023

University of Maryland Finance Professor Wins Wharton-Jacobs Levy Prize

by Rob Kozlowski, Pensions & Investments, September 15, 2023: Albert S. “Pete” Kyle is the recipient of the 2023 Wharton-Jacobs Levy Prize for Quantitative Financial Innovation for his research on market microstructure. The award recognizes Kyle for his 1985 paper, “Continuous Auctions and Insider Trading,”... which introduced a model of informed trading that has been widely adopted in academia as well as by traders. Erika James, Dean of the Wharton School, called Kyle’s paper “groundbreaking in that it substantially enhanced understanding of the functioning of financial markets for academic researchers and financial practitioners.”

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Aug 16, 2023

Japan's GPIF Lays Groundwork for More Active Management

by Douglas Appell, Pensions & Investments, August 16, 2023: Japan's Government Pension Investment Fund has awarded a mandate to Jacobs Levy Equity Management, selected through a process that used quantitative, data-driven screens of manager skill. As of March 2023, the account size was reported as $1.56 billion.

Jul 11, 2023

Harry Markowitz: An Appreciation

by John Guerard, Wilmott Magazine, July 11, 2023: In John Guerard’s tribute to Harry Markowitz (Part II), he reviews the longstanding, collaborative relationship between Bruce Jacobs and Ken Levy and Markowitz, which included the development of the JLM Market Simulator and an examination of the optimization of portfolios with short positions... John also notes that Bruce and Ken extended Markowitz’s mean-variance optimization model to include a term that captures the unique risks of leverage. Bruce and Ken were great friends of Harry for decades and their collaboration produced four articles.

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Tribute to Harry Markowitz, 1927 – 2023

In honor of our friend and colleague, Harry Markowitz, we share Bruce’s remarks on the occasion of the 25th anniversary of Harry winning the Nobel Prize.

Bruce Jacobs Keynote
Harry M. Markowitz XXV Nobel Prize Celebration
UC San Diego
October 16, 2015
Bruce Jacobs Interview
"Jacobs Levy: The Art and Science of Investing"
Davos 2020, TBD Media
January 2020
Bruce Jacobs Interview
Portfolio Management Research
New York City
Interviewed February 2020
Released May 2020

Concepts that form the foundation of our approach

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Security prices, technology, and prediction

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We are a signatory to the United Nations Principles for Responsible Investment.