News

Largest Macro Opportunities Have Tail Risks

Largest Macro Opportunities Have Tail Risks

In today’s global macro environment, the largest investment opportunities also possess significant downside tail risks. That means the most attractive valuation opportunities exist in markets and currencies where there is geopolitical risk or negative macro thematic influences.The most fundamentally attractive global equity markets are in ... [read more]

Market Focus: Rising Rates – Five Ideas for Your Portfolio

Five Ideas for Your Portfolio

The Federal Reserve raised interest rates in December and March, and several voting members have indicated that at least two more rate hikes are likely to come in 2017 and three more in 2018. In isolation, the emergence of a tightening wouldn’t be particularly troubling for investors. After all, it’s part of the normal economic cycle of expansion, ... [read more]

Long-Short Mutual Funds: The Rodney Dangerfield of Investing

Long-Short Mutual Funds

In a blazing bull market (for the S&P 500, at least), alternative strategies sit in the shadows, awaiting the day when they will again be called on to help clean up the mess that a fallen bull market left behind. In particular, long-short strategies are chronically misunderstood. They are essentially the Rodney Dangerfield of investing: “they ... [read more]

American Century Creates New Long-Short Fund

American Century Long-Short Fund

As many would suggest, the writing is on the wall - add value or get out of the way. The indexing train is on the tracks and running full steam ahead, obliterating any high-fee, benchmark hugging active manager that isn't earning its stripes. And right behind that train, just in case the first one didn't pulverize you, is the smart beta train. ... [read more]

2 New Alternative ETFs Seek Absolute Returns In Any Market

Alternative ETFs Seek Absolute Returns In Any Market

The premise of positive returns in any market is an alluring proposition for risk adverse investors.  These types of alternative strategies were once the realm of sophisticated hedge funds and institutional portfolios.  However, they are now starting to make their way into the accounts of mainstream investors via exchange-traded funds ... [read more]

Institutions Have Appetite for Smart Beta Hedge Funds

Smart Beta Institutional Investors

A survey conducted by Citi Prime Finance revealed that an overwhelming majority of institutional investors are planning to increase their allocations to risk premia and/or smart beta investments over the next three years. Citi’s survey included investors and intermediaries, mostly institutional, representing nearly $1 trillion of combined assets ... [read more]

The Kerfoot Alternatives Update

The Kerfoot Alternatives Update

There's clearly a never ending stream of news and activity related to alternative investments, and Matthew Kerfoot, a leading attorney in the sector, periodically sends around an update of industry activity. We are pleased to publish his most recent update below:Happy 2017!  Neuberger celebrates with their 10 investment themes in 2017.  Of ... [read more]

What to Do When Bonds Are No Longer the Answer

What to Do When Bonds Are No Longer the Answer

Bonds have been your best buddy. They have been right there with you during the 1987 crash, the Enron fiasco, the 1990 recession, the Asian Currency Crisis, the Dot-Com Bubble, and the Financial Crisis. From Reagan to Bush to Clinton to W. Bush to Obama and now to Trump, investing in fixed income securities through funds, ETFs or individual bonds ... [read more]

Hedge Fund Flows and Performance Negative in October

October Hedge Fund Performance

Citi released its report on hedge fund activity for October highlighting flows, performance, leverage and short activity over the month. In a change of direction from September, both flows and performance were negative in October. Investors pulled more than $14 billion out of hedge funds in October, while aggregate performance of funds fell in the ... [read more]

The Long and Short of Long-Short Dividend Investing

Long Short Dividend Investing

Financial advisors, fill in the blank: retirement ______?  If you said “income,” you have plenty of company.  After all, while many retirees and pre-retirees hope to use their accumulated wealth to leave an estate, give to charity and pursue other goals, the most common concern they have is maintaining a reliable level of cash flow that they can ... [read more]