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20 Jan 2021 2020 and Its Aftermath: Ballast Your Portfolio to Thrive in a Rapidly Changing World

Posted at 10:00h in Whitepapers

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 with a discussion...

01 May 2020 Solving the ESG Dilemma: How to Advance One’s Values While Also Improving Performance

Posted at 08:36h in Whitepapers

Using our ESG universe, we observe that the majority of funds have underperformed the wider market over the last decade....

22 Apr 2020 Systematic Macro: What, How and Why Should I Care?

Posted at 09:25h in Whitepapers

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....

19 Sep 2019 Are Trend Strategies Dead?

Posted at 12:49h in Whitepapers

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...