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Blogs
How ESG Innovation and ESG Regulation Can Work Together to Fight Greenwashing and Achieve ESG Goals
April 26, 2022
by Guillaume Detrait, President & Chief Risk Officer [email protected] For more than 2 years, Welton has been engaged in the process of preparing our ESG Advantage strategy to comply with the global regulatory and reporting frameworks including SFDR and UNPRI, two of the most advanced frameworks that are shaping the sustainability agenda in the investment space. Now that we are close to the end of this process, I wanted to share some thoughts on why we have been so committed to this endeavor. It is our view that the regulation of ESG strategies to prevent greenwashing – a term that...
Blogs
How Welton ESG Advantage Helped Investors Navigate Q1 2022
April 6, 2022
The first quarter of 2022 threw a daunting number of curves at investors. The confluence of higher inflation brought about, in part, by the lengthy pandemic, the Russian war with Ukraine and the January tech meltdown producing a sharp spike in market volatility. Markets took a beating, and ESG stocks were no exception. In its wake, there is a good amount of hand-wringing among ESG supporters and finger-pointing from others about the limitations of ESG investing. Reflecting back on the quarter I’d like to point out two factors that may have contributed to this circumstance, and how Welton ESG Advantage’s...
Blogs
My Career in ESG Investing is Rooted in My Upbringing
March 15, 2022
“It is not in the stars to hold our destiny but in ourselves.” ― William Shakespeare My ESG journey began with Welton about two years ago, but sustainability is deeply rooted in me by virtue of my unique upbringing. My father is a true visionary, and I recognized that at a very young age. I like to think that behind all my micro-decisions was this intention to take a page out of his book. Although I come from a conventional Indian family based in a small town, my parents have always been standouts. When I was about 10, my father...
Blogs
Commodity Surge Is Just the Latest Event in a Rollercoaster 3-Year Macro Ride
March 8, 2022
Not long ago commodity prices were falling, now they’re surging. Today, I see green across every quote in every commodity sector from my front-row seat managing the trade flow for $7B in Macro positions. At the start of the pandemic-induced global shutdown in 2020, we witnessed dramatically falling commodity prices as uncertainty soared, sending assets downward in a risk-off environment. Conversely, we now see commodity prices rocketing to multi-year highs as we enter yet another risk-off environment. Energy is at multi-year highs, industrial metals highest in a decade, and markets like wheat are limit up for several days running. What...
Blogs
What Do Medical and Financial Research Have in Common? (Unfortunately). And, What Can You Do to Protect Yourself?
December 8, 2021
Regrettably, only a fraction of published medical research is reproducible by other investigators. This is no surprise to those of us who contribute or follow medical advancements. Hundreds of reviews have documented tens of thousands of examples. From cancer biology to clinical treatment tools to any study involving survey techniques and more, only a fraction of research will stand the test of time by proving true in others’ hands. Investors face a similar challenge. This article from Bloomberg, “The Finance Research Crisis is All Too Real,” highlights the same pattern in financial research. Though causality varies, the net result is...
Blogs
Seeking Protection from Inflationary Spikes? Some thoughts.
November 11, 2021
How might an investor protect themselves from the recent inflationary spike? How might they rationally act as the news is worsening? From a macroeconomic investor perspective, I offer caution in reacting to the news. The crescendo of news transmits multiple signals. Carrying both information and urgency, the news feeds behavioral tendencies. Investors can easily be lured into actions driven by the urgency, ultimately losing the return advantage embedded in the information. Short-term inflation is no doubt a problem. The massive shift in consumer preferences from services to goods simultaneous with global liquidity injections has snarled the supply side. Disruptions and...
Blogs
What Investors Should be Listening for at this Year’s COP26 Climate Conference
October 25, 2021
We’ve all seen it in the headlines this year or experienced it firsthand. No. Not the pandemic. The other major pressing problem affecting the entire planet – climate change. Raging forest fires, droughts around the entire west of the US, major floods in Europe, power outages in Texas due to unusually severe cold weather. The list goes on and on. This November, world leaders, business leaders, diplomats, scientists and a bevy of negotiators will be gathering in Glasgow for COP26, the annual United Nations conference to develop a framework to combat climate change. The main goal of the two-week affair...
Blogs
Insights and Tips for Those Considering the CFA’s “Certificate in ESG Investing”
August 10, 2021
In my role as an ESG Data Analyst and Trader at an investment management firm, I spend a good part of each day grappling with how to successfully integrate ESG factors into our ESG program, a multi-asset ESG long/short strategy combining ESG US mid-large cap equities and ESG global derivatives. One of the challenges for the investment industry as a whole in developing sustainable investment approaches has been finding ways to meet the demand for more sophisticated ESG products that address some of society’s biggest environmental, social and governance challenges as well as meet the risk / return objectives of...
Blogs
Human vs. Machine in Investment Management – Time to Reframe the Debate
July 15, 2021
Human versus machine. Which is superior? It’s a centuries-old question that continues to fascinate us. Regrettably, for investors, it often fascinates to the point of distraction. But, investors are only human. And when investors are both the questioner and a stakeholder in the answer, they cannot seem to turn away. Whether in higher-order games like chess, low complexity industrial automation, or admixture processes such as legal discovery, investors diligently follow the inroads of sophisticated software advances. The potential impacts upon them are too significant to ignore. For investors, however, there is a logical progression of their diligence and curiosity. Self-reflection...
Blogs
How OKRs Helped Us Navigate Growing Pains and Boost Investment Focus for Our Clients
June 24, 2021
by Guillaume Detrait, President & Chief Risk Officer [email protected] During my 13-year tenure at Welton, I’ve overseen periods of growth, change, and the 2020 Covid pandemic crisis. And while each of these periods brought its own unique challenges, one organizational framework has recently helped us weather them all. That framework is known as Objectives and Key Results, or OKRs for short. I want to share our continuing experience to benefit those less familiar and to stimulate discussion with experienced OKR managers to advance learning for us all. Management By Objective (MBO) – Where we began Beginning in 2010, we formalized...
Blogs
Towards the Development of an ESG Scoring Framework for Derivatives
June 8, 2021
As the appetite for sustainable investing grows, investors are increasingly seeking investment options that go beyond the commonly available long-only equity ESG funds. Welton has written elsewhere, (“Solving the ESG Dilemma: How to Advance One’s Values While Also Improving Performance”), about how building in multi-asset class strategies into an ESG framework can improve performance. But if we truly want to allocate our investment dollars in ways that solve some of our greatest environmental and social challenges and that gain wider adoption by the investment marketplace, we need to develop multi-asset ESG products that can help us build more sophisticated ESG...
Blogs
The Unprecedented $1.9T Stimulus Package and What It Might Mean for Investors in the Weeks and Months Ahead
March 12, 2021
For macroeconomic investors the passage of this bill is a watershed event, but its implications for what comes next are likely even more consequential. The new $1.9T economic relief package that was passed by Congress this week and signed into law yesterday, is without question the most ambitious anti-poverty agenda in a generation. Economists estimate that low- and moderate-income Americans will benefit the most from this aid, especially individuals earning $75,000 or less and couples earning $150,000 or less. The number of Americans living in poverty is predicted to drop in 2021 by as much as a third because of...
Whitepapers
2020 and Its Aftermath: Ballast Your Portfolio to Thrive in a Rapidly Changing World
January 20, 2021
How quickly the world can change! 2020 serves as a reminder of the dramatic market swings that are possible over short calendar year periods. The year began with the markets collapsing as the scale of the global COVID-19 pandemic took shape. This was followed by massive global economic stimulus and eventual vaccine optimism, producing a sizeable market rally by year’s end. We examine the underlying macroeconomics at play during the year and the likely implications for the markets going forward. Among them, we note that potential volatility due to continued global capital flows may have implications for investors. We close...
Blogs
Does the DOL have it wrong? How Pensions Can Satisfy Their Fiduciary Duty And Still Invest Responsibly
November 18, 2020
Can you be a responsible investor and still live up to your duties as a fiduciary? Recent regulatory developments from the U.S. Department of Labor (DOL) would lead one to believe investors have to make a choice and if that choice involves non-pecuniary vehicles then such investments would be prohibited. The recent guidance gives financial risk and returns primacy over any other factors, such as ESG investing, and went so far as to recommend barring ESG considerations from investment decisions by pension funds. I believe the DOL has this wrong. Responsible investing strategies don’t need to come at a cost....
Whitepapers
Solving the ESG Dilemma: How to Advance One's Values While Also Improving Performance
May 1, 2020
Using our ESG universe, we observe that the majority of funds have underperformed the wider market over the last decade.
Whitepapers
Systematic Macro: What, How and Why Should I Care?
April 22, 2020
Global Macro practitioners can be divided into two camps: discretionary and systematic. Discretionary practitioners develop a top-down macroeconomic view and engage in concentrated positions based on discretionary assessments of fundamental data such as GDP, exchange rates, inflation, debt levels, and supply-demand dynamics.
Whitepapers
Are Trend Strategies Dead?
September 19, 2019
Investors have asked us this question given the lackluster, and frankly disappointing, performance of many of their Trend managers prior to 2019. Industry observers have opined on this as well, and they sometimes attribute disappointing performance to things like: too much capital in the strategy, lower levels of overall market volatility, the effects of quantitative easing, and myriad other reasons. We decided to conduct some research and draw our own conclusions. Here’s what we found…
Whitepapers
Tail Risk: About 5x Worse Than You May Think
March 3, 2017
After enduring the (40%) global equity market collapse of 2008, investors large and small are eager to reexamine the perils posed by equity market “tail risk” events.
Whitepapers
Diversification: Often Discussed, but Frequently Misunderstood
March 3, 2017
Diversification remains the cornerstone of modern portfolio theory. Yet, during the financial crisis many “diversifying” investments readily followed the direction of the equity markets as they collapsed in 2008 and 2009.
Whitepapers
Finding Diversification: The Geometry of Time and Correlation
March 3, 2017
When someone says ‘time is on their side,’ they’re saying time is working in their favor, and almost always from a long-term perspective.
Whitepapers
Diversification Revisited: What Changed During this Recovery?
March 3, 2017
The financial recovery since early 2009 has been a most welcome reprieve from the lowest depths of the Global Financial Collapse (GFC).
Whitepapers
Going Up: Where to Find Returns if Interest Rates Rise
March 3, 2017
With corporate bond and U.S. Treasury rates near 100-year lows after a 30-year steady decline, investors everywhere are pondering the consequences if interest rates begin to rise.
Whitepapers
When Bonds Fall: How Risky Are Bonds if Interest Rates Rise?
March 3, 2017
Thirty-one years ago the yield on corporate Aaa bonds reached its 100-year peak of 15.5%. That date was in September, 1981, and rates for corporate bonds and U.S. Treasuries have fallen ever since, with both rates resting near 100-year lows today.
Whitepapers
Pension Shortfall: Solving for the Missing 2%
March 21, 2016
Pension plan sponsors face significant challenges. Retirement obligations continue to increase, and the two major equity market set-backs in 2000 and 2008 have produced widening funding gaps.
Whitepapers
Managed Futures: A New View
June 3, 2010
Managed futures is one of the oldest and most established alternative investments, yet many investors are unfamiliar with the strategy’s performance traits.
Media
Blogs
The Big Picture: With the war, E, S, and G have collectively moved back to the fore
May 2, 2022
B. G., Opalesque Geneva In this interview, Dr. Patrick Welton, founder and CIO of Welton Investment Partners, offers his observations on the major macro themes expected to affect the commodity markets, including crude oil, and ESG investing this year. Welton is an alternative asset manager based in New York City and Carmel, California, founded in 1988, that invests in alternative investments, quantitative investments, managed futures, statistical arbitrage, global macro, multi-strategy, ESG, and sustainable finance. According to him, the war in Ukraine represents a new inflection point and has resulted in E, S, and G (environmental, social, and governance) collectively moving...
News, Articles, & PR
The Big Picture: Debt, growth and rates' abnormal relationships creating abnormal conditions (Part II)
January 14, 2022
B. G., Opalesque Geneva In this interview, Dr. Patrick Welton, founder and CIO of Welton Investment Partners, an alternative asset manager, offers his observations on the major macro themes expected to affect the markets in 2022. In this final part, he talks about ESG standards and the rise of low carbon as an asset class in its own right. He also says the relationships between debt, growth and rates, a three-body problem, are now less stable than usual. Finally, he sees “pretty sharp tipping points” in the Chinese economy through the country’s unstable debt levels and its zero-Covid policy. Click...
News, Articles, & PR
The Big Picture: Watch out for continuing supply-chain issues and moving commodity prices this year (Part I)
January 13, 2022
B. G., Opalesque Geneva In this interview, Dr. Patrick Welton, founder and CIO of Welton Investment Partners, an alternative asset manager, offers his observations on the major macro themes expected to affect the markets in 2022. Welton Investment Partners specialises in global macro and ESG; it has $1.3bn in AuM and is based in New York and California. The firm has recently sold a minority stake to Nile Capital Group Holdings, LLC, a private equity firm based in Los Angeles. The financial terms of the transaction were not disclosed. In part 1, Dr Welton says supply chain issues and their...
News, Articles, & PR
Nile Capital Group Completes Strategic Investment in Welton Investment Partners
January 12, 2022
New York, NY – Jan. 12, 2022 – Welton Investment Partners (“Welton” or the “Company”), an over $1B Global Macro and ESG investment manager, today announced that Nile Capital Group Holdings, LLC (“Nile”) has completed a strategic minority investment in the Company. Financial terms of the transaction were not disclosed. “We look forward to collaborating with Nile’s experienced team. Their well-known prior successes and excellence align with ours,” said Dr. Patrick Welton, Founder and Chief Investment Officer of Welton. “We have a deep commitment to our business as evidenced by our continuous investment in investment staff, processes, and systems, and...
News, Articles, & PR
Why Covid Delta variant emergence may be positive for equities and bonds
August 24, 2021
B. G., Opalesque Geneva According to Dr. Pat Welton, founder and CIO of Welton Investment Partners, a U.S.-based quantitative and ESG hedge fund manager, the Covid Delta variant emergence is likely an intermediate-term positive for equities and bonds. On a related matter, even though market reactions are often attributed to new data and announcements, he says, market reactions should be attributed to impact from investors. He explains why in this interview. Opalesque: You say the Delta variant emergence is likely positive for equity and bonds. Could you explain? Dr. Pat Welton: As a medical doctor and former medical faculty, I...
News, Articles, & PR
Welton ESG Advantage Shortlisted for “ESG Equity Strategy of the Year”
August 21, 2021
We are pleased to announce that Welton ESG Advantage was shortlisted for this year’s Pension Bridge Institutional Asset Management Awards. ESG Equity Strategy of the Year | (Welton ESG Advantage – Shortlist) A complete list of all shortlisted managers can be found here. Winners will be announced on October 6, 2021. Click here to learn more about Welton ESG Advantage # # # *To be considered for the Pension Bridge Institutional Asset Management Awards a manager must submit an application to the organizer regarding their firm and programs for review. There are no fees charged by the...
News, Articles, & PR
Welton Global Shortlisted for “Quant/Systematic Strategy of the Year”
August 21, 2021
We are pleased to announce that Welton Global was shortlisted for this year’s Pension Bridge Institutional Asset Management Awards. Quant/Systematic Strategy of the Year | (Welton Global – Shortlist) A complete list of all shortlisted managers can be found here. Winners will be announced on October 6, 2021. Click here to learn more about Welton Global # # # *To be considered for the Pension Bridge Institutional Asset Management Awards a manager must submit an application to the organizer regarding their firm and programs for review. There are no fees charged by the organizer for a manager...
News, Articles, & PR
Marshall Wace, Brahman, Welton See Hedge Fund ESG Assets Grow (FUNDfire)
March 3, 2021
Patrick Welton and Basil Williams were interviewed to discuss the goals and design behind Welton’s growing ESG Advantage program which was launched in 2020. ESG Advantage takes a multi-asset class approach to sustainable investing, and its investors today include insurance companies, family offices, and institutional clients. Article by Lydia Tomkiw here (Paywall)
News, Articles, & PR
Welton Earns Three Shortlist Nominations for HFM’s Upcoming U.S. Quant Performance Awards 2021
January 5, 2021
We are pleased to announce that Welton Global and Welton Trend were shortlisted for this year’s HFM U.S. Quant Performance Awards 2021. Multi-Strategy Quant | Welton Global Systematic Macro Fund | Welton Global Trend Follower | Welton Trend A complete list of all shortlisted managers can be found here. Winners will be announced on February 25, 2021. *To be considered for the HFM US Quant Performance Awards, a manager must submit an application to the organizer regarding their firm and programs for review. There are no fees charged by the organizer for a manager to participate in the selection process. From the...
News, Articles, & PR
Welton ESG Advantage Selected as a Finalist for “Best ESG Investment Fund: Multi-Asset” in the Upcoming ESG Investment Awards 2021
December 4, 2020
We are pleased to announce that Welton ESG Advantage was selected as a Finalist in the upcoming ESG Investment Awards 2021. Best ESG Investment Fund: Multi-Asset | Welton ESG Advantage A complete list of all finalists can be found here. Winners will be announced on February 4, 2021. *To be considered for the ESG Investment Awards, a manager must submit a nomination to the organizer regarding their firm and programs for review. There are no fees charged by the organizer for a manager to participate in the selection process. From the manager applications submitted, finalist managers are identified by the...
News, Articles, & PR
Welton Global Awarded Top Performer status by Investors Choice Awards Americas 2020
June 29, 2020
We are pleased to announce that Welton Global has been awarded “Top Performer” status in the Managed Futures Fund Category of the Investors Choice Awards Americas 2020 sponsored by Allocator. The annual Investors Choice Awards honor fund managers that have achieved outstanding risk adjusted absolute returns. All funds which are kept up to date on the Allocator platform are considered for an award nomination. The Top Performer Awards are granted to the select few funds which have outperformed their wider peer group in each category. Winners are determined purely based on quantitative risk adjusted returns. For 2020 Allocator extended the...
News, Articles, & PR
Welton Investment Partners Launches ESG Advantage; Designed For Challenging Markets Like COVID-19 And Beyond
June 17, 2020
New Strategy Designed to Provide Equity-Like Returns in Good Times While Mitigating Market Risk During an Economic Downturn Integrates Proven Welton Trading Strategies to Improve Outcomes for the Responsible Investor New York – June 17, 2020 – Welton Investment Partners (Welton), the alternative investment manager specializing in innovative, non-correlated, actively managed strategies that incorporate quantitative expertise for maximum investor impact, today announced the launch of ESG Advantage. ESG Advantage offers investors a new way to integrate risk mitigation strategies to improve investor outcomes for sustainable investing in the public equities markets. The strategy seeks to elevate ESG away from market...
News, Articles, & PR
Can Quant Strategies Improve ESG Performance? (Impact Alpha)
June 9, 2020
“The COVID crisis has refocused people on the fact that there is investment risk, and it’s often highly unpredictable,” says Welton’s Basil Williams. Read More
News, Articles, & PR
"ESG Has Failed to Outperform for Years. Is this a Fix?" (Institutional Investor)
May 13, 2020
News, Articles, & PR
Welton Trend Wins Best Trend-Follower at HFM's US Quant Awards 2020
February 28, 2020
We are pleased to announce that our Welton Trend program won Best Trend-Follower at HFM’s US Quant Performance Awards 2020. In addition, Welton Global made the shortlist for Best Systematic Macro Fund, while Welton Nexus made the shortlist for Best Quant Equity. Best Trend-Follower | (Welton Trend – Winner) Best Systematic Macro Fund | (Welton Global – Shortlist) Best Quant Equity | (Welton Nexus – Shortlist) Encompassing the full breadth of CTA managed futures and quant hedge funds the HFM US Quant Performance Awards celebrated those firms outperforming their peers on February 26, at the Metropolitan Club, New York. The...
News, Articles, & PR
Welton Earns Three Nominations for HFM's Upcoming U.S. Performance Awards 2019
October 17, 2019
We are pleased to announce that Welton Global and Welton Trend were shortlisted for this year’s HFM U.S. Performance Awards 2019. Managed futures (CTA) under $1bn | Welton Trend Managed futures/CTA long-term performance (5 years) under $1bn | Welton Trend Macro under $1bn | Welton Global A complete list of all HFMWeek nominees can be found at the shortlist here. Winners will be announced on November 20, 2019 *To be considered for the HFM US Hedge Fund Performance Awards, a manager must submit an application to the organizer regarding their firm and programs for review. There are no fees charged by the organizer...
News, Articles, & PR
Industry Veteran, Basil Williams, Joins Welton Investment Partners as President
March 26, 2019
NEW YORK, NY, March 26, 2019 — Welton Investment Partners today announced the hiring of Basil Williams as President, a new position. Williams joins Welton’s senior leadership in managing the overall business, including oversight of the firm’s investment products, operations, and expansion initiatives. Based in New York City, Mr. Williams will report to Dr. Patrick Welton, CEO and CIO. Williams brings deep general management experience as a 30+ year industry leader, both as an investment manager and allocator. He is a proven investor in alternative strategies having traded a broad suite of relative value strategies during his 20 years at...
News, Articles, & PR
Welton Trend Wins Best Trend-Follower at CTA Intelligence's 2019 U.S. Performance Awards
February 25, 2019
We are pleased to relay that our Welton Trend program has won Best Trend-Follower at CTA Intelligence’s 2019 U.S. Performance Awards. Welton Global was also a finalist for The Best Systematic Macro Fund. Best Trend-Follower | (Welton Trend – Won) Best Systematic Macro Fund | (Welton Global – Finalist) To be considered for the CTA Intelligence US Performance Awards, a manager must submit an application to the organizer regarding their firm and programs for review. There are no fees charged by the organizer for a manager to participate in the selection process. From the manager applications submitted, up to...
News, Articles, & PR
Welton Earns Two Performance Award Nominations for CTA Intelligence's Upcoming 2019 U.S. Performance Awards
February 1, 2019
We are pleased to relay that our Welton Global and Welton Trend programs are nominated for two awards for CTA Intelligence’s upcoming 2019 U.S. Performance Awards. Best Systematic Macro Fund | (Welton Global) Best Trend-Follower | (Welton Trend) Winners will be announced on Wednesday, February 13, 2019 at an evening event at the Lotte New York Palace. To be considered for the CTA Intelligence US Performance Awards, a manager must submit an application to the organizer regarding their firm and programs for review. There are no fees charged by the organizer for a manager to participate in the selection process....
News, Articles, & PR
Welton Global wins "Macro - Long Term under $1bn" at HFMWeek's U.S. Hedge Fund Performance Awards 2018
October 19, 2018
We are pleased to announce that Welton Global won “Macro – Long Term under $1bn” at HFMWeek’s U.S. Hedge Fund Performance Awards 2018. Welton’s selection was announced at HFMWeek’s Awards ceremony at Cipriani’s in New York on October 18th. Full list of winners available here. *To be considered for the HFM US Hedge Fund Performance Awards, a manager must submit an application to the organizer regarding their firm and programs for review. There are no fees charged by the organizer for a manager to participate in the selection process. From the manager applications submitted, finalists are selected by the organizer...
News, Articles, & PR
Welton Employee Running for The Leukemia & Lymphoma Society's 2018 Man of the Year.
April 9, 2018
Welton would like to support and recognize Adam Roach for his candidacy for 2018 Man of the Year for the Leukemia & Lymphoma Society. Man & Woman of the Year candidates across the country compete in honor of a local boy and girl who are blood cancer survivors, to raise the most funds for blood cancer research. Every dollar counts as one vote, and the titles are awarded to the man and woman with the most votes at the end of the campaign. The top local fundraisers in the country win the national titles. “We are extremely proud to support...
News, Articles, & PR
Welton Trend Wins Best Trend-Follower Under $500M at CTA Intelligence's 2018 U.S. Performance Awards
February 28, 2018
We are pleased to relay that our Welton Trend program has won Best Trend-Follower Under $500M at CTA Intelligence’s 2018 U.S. Performance Awards. Welton Global was also nominated for two awards. Best Trend-Follower Under $500M | (Welton Trend – Won) Best CTA Long-Term Performance Over $500M (5 Years) | (Welton Global – Nominated) Best Diversified CTA Over $500M | (Welton Global – Nominated) To be considered for the CTA Intelligence US Performance Awards, a manager must submit an application to the organizer regarding their firm and programs for review. There are no fees charged by the organizer for a manager...
News, Articles, & PR
Welton Global Nominated for the 2018 Investors Choice Awards
February 3, 2018
We are pleased to relay that our Welton Global program has been nominated for the 2018 Investors Choice Awards. Best Managed Futures Fund – Long Term Performance | (Welton Global) Winners will be announced on Tuesday, March 27, 2018 at an evening event at the Plaza Hotel in New York. To be considered for the Investors Choice Awards Americas a manager must submit an application to the organizer regarding their firm and programs for review. There are no fees charged by the organizer for a manager to participate in the selection process. The scoring methodology incorporates a set of qualitative criteria...
News, Articles, & PR
Welton Earns Three Performance Award Nominations for CTA Intelligence's Upcoming 2018 U.S. Performance Awards
December 20, 2017
We are pleased to relay that our Welton Global and Welton Trend programs are nominated for a total of three combined awards for CTA Intelligence’s upcoming 2018 U.S. Performance Awards. Best CTA Long-Term Performance Over $500M (5 Years) | (Welton Global) Best Diversified CTA Over $500M | (Welton Global) Best Trend-Follower Under $500M | (Welton Trend) Winners will be announced on Tuesday, February 27, 2018 at an evening event at the Yale Club in New York. To be considered for the CTA Intelligence US Performance Awards, a manager must submit an application to the organizer regarding their firm and programs...
News, Articles, & PR
Welton Global ranked among the top-25 hedge funds by Barron's
June 20, 2017
Welton Global formerly known as Welton Global Directional Portfolio (GDP) ranked #22 among global hedge funds for outstanding annualized three-year compounded performance*. Read the full article here. Barron’s Penta rankings of hedge fund managers are based on data compiled by Barron’s and information supplied by hedge fund research firms, hedge funds and investors. A complete list of all 100 managers is available here. *Barron’s Penta Best 100 Hedge Funds list ranks investment programs based on annualized three-year compound performance. Research begins with information provided by three major hedge fund databases: BarclayHedge, Morningstar, and Preqin. They also rely on industry...
News, Articles, & PR
Welton QEP Wins "Newcomer - Equity" at HFM Awards
December 5, 2016
We are pleased to inform you that Welton’s Global Quantitative Equity Portfolio (QEP) won “Newcomer – Equity”* at HFMWeek’s US Hedge Fund Performance Awards 2016. Welton’s selection was announced at HFMWeek’s Awards ceremony at the Cipriani Hotel in New York on October 20th. Full list of winners available here. Welton’s Global Directional Portfolio (GDP) was nominated for two additional awards, “Fund of the Year Under $1 Bil” and “Managed Futures (CTA) Under $1 Bil.” *To be considered for the HFM US Hedge Fund Performance Awards, a manager must submit an application to the organizer regarding their firm and programs...
News, Articles, & PR
“Who Made Money in the Brexit Chaos? Machines, Not Humans” (The Wall Street Journal)
June 29, 2016
News, Articles, & PR
“Leading CTAs enjoy Brexit bounce” (CTA Intelligence)
June 27, 2016
“Leading CTAs enjoy Brexit bounce: Winton, ISAM, Fort, Welton among big winners from market volatility” CTA Intelligence June 27, 2016 Selected excerpts: CTAs were among the big winners of the fallout from the Brexit vote, latest performance estimates show. Managed futures strategies are set to see gains in the wake of the referendum, as other hedge fund strategies struggle amid the market turmoil, analysis by Lyxor suggests. Welton Investment Partners, a $600m manager based in California, saw all three of its quantitative programs experienced gains on Friday, including an equity stat arb strategy.” Full article available for subscribers here.
News, Articles, & PR
Welton GDP Wins CTA Fund of 2014 at Investors Choice America Awards
April 2, 2015
Welton’s Global Directional Portfolio (GDP) program selected as “CTA Fund of 2014” by a distinguished panel of established institutional investors. FOR IMMEDIATE RELEASE April 2, 2015 – California – Welton Investment Partners, a leading U.S.-based quantitative investment manager, won the prestigious “CTA Fund of 2014” award for the firm’s Global Directional Portfolio (GDP) program. Welton’s selection was announced at the gala Investors Choice America Awards ceremony at the Pierre Hotel in New York on March 31, 2015. The awards were judged by a distinguished panel of institutional investors. Judges evaluated qualitative criteria such as the investment process, risk management,...
News, Articles, & PR
Welton GDP Ranked Among Bloomberg’s Annual Top-25 Midsize Hedge Funds Globally in 2014
January 25, 2015
Welton GDP ranked #17 among midsize global hedge funds for outstanding 2014 performance. Bloomberg’s rankings of hedge fund managers are based on data compiled by Bloomberg and information supplied by hedge fund research firms, hedge funds and investors.
News, Articles, & PR
Are There Times When a Short-Term Mindset Could Benefit Investors? Yes, Suggests Research by Welton
October 7, 2014
Welton’s latest whitepaper explores one of the most mathematically reliable, yet least isolated sources of portfolio diversification, investment holding period. FOR IMMEDIATE RELEASE CALIFORNIA — Welton Investment Corporation today announced the release of their latest whitepaper, “Finding Diversification: The Geometry of Time and Correlation.” This paper examines the impact of holding period as a source of portfolio diversification. It finds that investments with shorter holding periods exhibit diminishing correlation to their longer-term, long-only equivalents, demonstrating that holding period can be a viable source of portfolio diversification. “Our research suggests that investments using shorter-term investment horizons are reliably non-correlated to longer-term,...
News, Articles, & PR
Welton Investment Joins Hedge Funds Standards Board as Signatory Member
September 26, 2013
FOR IMMEDIATE RELEASE CALIFORNIA — Welton Investment Corporation, a leading alternative investment manager specializing in quantitative global macro strategies, today announced that it joined the Hedge Funds Standards Board (‘HFSB’), a standard setting body for the hedge fund industry, as a signatory member. The HFSB brings together managers, investors, regulators and consultants from around the world to help determine how the hedge fund industry should operate. Over 106 Hedge Fund Managers so far have committed to the Standards accounting for over USD 500bn in AUM. Around 60 major international investors, including pension and endowment funds, sovereign wealth funds and funds...
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“Rising Rates: Where Can CTAs Look for Returns?” (CTA Intelligence)
August 1, 2013
News, Articles, & PR
When Bonds Fall: How Risky Are Bonds if Interest Rates Rise?
October 9, 2012
The Welton Visual Insight Series Thirty-one years ago the yield on corporate Aaa bonds reached its 100-year peak of 15.5%. That date was in September, 1981, and rates for corporate bonds and U.S. Treasuries have fallen ever since, with both rates resting near 100-year lows today. This trend can’t last forever of course, and today many bond investors are grappling with the notion of a rising interest rate environment. And because bondholders lose when rates rise, many are now wondering, how risky are bonds if interest rates rise? We’ll examine rate and bond price behavior over the last 90 years...
News, Articles, & PR
“Pension Shortfall: Solving for the Missing 2%” (Pensions & Investments)
July 11, 2012
“Pension Shortfall: Solving for the Missing 2%” Pensions & Investments July 11, 2012 Selected excerpts: “Unfortunately for plans relying solely on traditional equities and fixed income, the prospects look grim. Our analysis suggests these plans will likely experience a 2% shortfall per annum over the next seven to 10 years.” “For example, the plan sponsor with a 20% allocation to alternatives (and with the remaining 80% of its portfolio invested at the same traditionalist ratios) and a 7% per annum forward equity return expectation, is implying that its alternatives investments must return 17% in order to achieve an overall portfolio...
News, Articles, & PR
“CTAs Turn to Fundamental Models in Search of Diversification” (HFR)
April 2, 2012
News, Articles, & PR
“Medicine Man” (Institutional Investor’s AR Magazine)
December 9, 2011
“Medicine Man” Institutional Investor December 2011 Selected excerpts: “All of our investment strategies are based on capturing simple, recurring market behaviors or cash flows.” “Over the past few years, Welton has added new layers of management, beefed up its risk controls and added an independent member to the firm’s three-person governing board… ‘The depth of the team we have built, with management layers, internal auditing, all of these things that we have built, are to give the company long-term stability.’” “Welton says he expects to continue growing the firm’s asset base… [but] he has no asset target in mind… ‘Growing...
News, Articles, & PR
“Navigating Global Macro” (Foundation & Endowment)
August 1, 2011
“Navigating Global Macro” Foundation & Endowment Money Management August 2011 Selected excerpts: “Macro is a key ingredient in any well-diversified portfolio, particularly for nonprofits… Harnessing long-short capital flows between and among asset classes yields some of the most diversifying returns available to an investor… Moreover, because macro managers trade markets and currencies across the globe, diversified macro managers are not beholden to any particular sovereign currency fluctuations.” – Patrick Welton, CEO, Welton Investment Corporation +++ Full article available here.
News, Articles, & PR
Welton Names Chief Risk Officer, Guillaume Detrait
May 26, 2009
FOR IMMEDIATE RELEASE CARMEL, CA – Welton Investment Corporation (‘Welton’), today announced that Guillaume Detrait has joined the firm as Managing Director, Chief Risk Officer. He is based in the firm’s headquarters in Carmel, CA and reports to CEO, Patrick Welton. Mr. Detrait will oversee Welton’s enterprise risk management function, both ensuring that all major risk categories are properly mitigated and further consolidating sound business practices at Welton. “We’ve always appreciated the enterprise-wide need for risk management. Investment risk often garners much of the focus, but investment risk is really just a fraction of the firm’s total exposure. Formalizing the...
News, Articles, & PR
Welton Plans Expansion, New York Office Launch in 2009
February 4, 2009
FOR IMMEDIATE RELEASE NEW YORK – Welton Investment Corporation (‘Welton’), today announced plans to open a New York office in 2009, to be overseen by Justin Dew, who has joined the firm as Senior Managing Director of Strategic Development. The expansion is due to the firm’s growth and increasing investor base in New York, Europe and the Middle East. “We are excited to have a presence in New York and see this expansion as an evolution of our business,” said Patrick Welton, Chief Executive Officer. “We are delighted to have Justin on board. He brings a diverse industry background and...
News, Articles, & PR
Welton Added to the FTSE Hedge CTA/Managed Futures Index
February 4, 2008
FOR IMMEDIATE RELEASE CARMEL, CA – The Welton Global Directional Portfolio (GDP) has been selected to the FTSE Hedge CTA/Managed Futures Index, making GDP one of only a handful of programs comprising this investable index. “We’re honored by FTSE’s selection,” said Christopher Keenan, Marketing and Strategic Planning for Welton. “The FTSE index is a great fit for GDP because we rigorously manage the program to adhere to its style class, and ‘style representativeness’ was naturally a key consideration for FTSE.” Since inception in June 2004 through January 2008, the Welton GDP program has delivered +16.84% in average annual returns, and...
News, Articles, & PR
Welton Selects Graf von Bismarck for Distribution to the German Institutional Market
November 8, 2006
FOR IMMEDIATE RELEASE CARMEL, CA – Welton Investment Corporation announced today that it has secured the services of Graf von Bismarck & Associates AG to assist in marketing to institutional and family office investors within the German market. “We’re proud to partner with a firm of Graf von Bismarck’s caliber. Their reputation and experience make them an ideal partner for this segment,” said Jerry Harris, Director of Business Development for Welton. Founded in 1997 and headquartered in Munich, Graf von Bismarck & Associates AG is an independent financial services company dedicated to structuring and marketing premier alternative investment products to...
News, Articles, & PR
Welton Global Directional Portfolio (GDP) Selected for AlphaMetrix Mosaic Platform
September 20, 2006
FOR IMMEDIATE RELEASE CARMEL, CA – Welton Investment Corporation is pleased to announce the addition of its Global Directional Portfolio program (GDP) to the AlphaMetrix Mosaic Platform. The Welton GDP program is among a small group of programs approved by AlphaMetrix to provide “best of class” diversified trendfollowing exposure. “We’re proud that GDP was selected to help fill this very important category within the Mosaic manager roster,” said Chris Keenan, Marketing & Strategic Planning for Welton. As an online direct investment portal, the Mosaic Platform provides efficient access to global trading advisors with a focus on Commodity Trading Advisors (CTAs),...
News, Articles, & PR
Welton Global Directional Portfolio (GDP) Selected for AlphaMetrix Mosaic Platform
September 20, 2006
FOR IMMEDIATE RELEASE CARMEL, CA – Welton Investment Corporation is pleased to announce the addition of its Global Directional Portfolio program (GDP) to the AlphaMetrix Mosaic Platform. The Welton GDP program is among a small group of programs approved by AlphaMetrix to provide “best of class” diversified trendfollowing exposure. “We’re proud that GDP was selected to help fill this very important category within the Mosaic manager roster,” said Chris Keenan, Marketing & Strategic Planning for Welton. As an online direct investment portal, the Mosaic Platform provides efficient access to global trading advisors with a focus on Commodity Trading Advisors (CTAs),...
Events
Events
Beach Clean-Up with Save Our Shores
September 13, 2021
A big thank you to Save Our Shores, a local organization dedicated to preserving clean shores, healthy habitats and living waters within the Monterey Bay. It was our privilege to partner with you this month to help clean up our local beach.
Events
Reuters ESG Investment Conference panel to be co-led by Dr. Patrick Welton and Anthony Minopoli, President & CIO of Knights of Columbus
June 8, 2021
Event: Reuters ESG Investment North America 2021 Date: Wednesday, June 16, 2021. 1:15 PM – 2:00 PM EDT Location: Webinar Panel Agenda: Authentic ESG Fund Selection: Understand how new funds can demonstrate true, full ESG integration due to no encumberment of legacy positions. Panelists: Dr. Patrick Welton, Founder & CIO, Welton Investment Partners Anthony Minopoli, President and CIO, Knights of Columbus Moderator: Greg Roumeliotis, Corporate Finance & ESG Editor at Thomson Reuters
Events
Basil Williams Panelist at CRUX Data & Sustainability Summit
June 10, 2020
Date: Wednesday, June 23-24, 2020 Location: Virtual Agenda Day 2 | Wednesday, June 24 The Rise and Future of ESG Data State of the Market: ESG Investing 9:00 AM – 9:45 AM EDT In this session, leaders in ESG investing will address the current market landscape, discussing the latest trends in strategies and the disruptors in the market today. With the surge in ESG data, they’ll dig into what this means for companies and investors and highlight the challenges, shortcomings and misconceptions of ESG investing. SPEAKERS: Basil Williams, CEO, Welton Investment Partners Moderated by Naomi English, Executive Director & Head...
Events
Dr. Patrick Welton Speaking at the 2020 J.P. Morgan Macro Quantitative and Derivatives Conference
June 10, 2020
Event has passed, however, presentation is available by request to: [email protected] Date: Wednesday, June 10, 2020 Location: Virtual Agenda: 08:00 – 08:10AM Welcome and Opening Remarks Marko Kolanovic – Global Head of Macro Quantitative & Derivatives Strategy, J.P. Morgan Dubravko Lakos – Head of Equity Strategy & Quant Research, J.P. Morgan 08:10 – 09:20AM Keynote Presentation and Discussion Nassim Nicholas Taleb – Renowned Author, Researcher, and Scientific Advisor to Universa Investments 09:20 – 09:50AM The 3 Enduring Benefits of Systematic Macro; Will They Survive a QE Forever World? Pat Welton – Founder and CIO, Welton 09:50 – 10:20AM Tail Hedging: Cost,...
Events
How Quants Achieve Material Improvements in ESG Investment Performance - Opalesque Webinar, June 18th
May 21, 2020
Welton Investment Partners presents a new innovative approach to ESG Investing that seeks to suppress market risk and expand beyond market only returns. CEO Basil Williams, along with other members of the Welton Investment Team, discuss how this quantitative approach can improve an ESG portfolio’s risk/return profile. Register Here
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