Unlimited Blog
Considering the Benefits of Dynamic Leverage
Folks who have been in the asset management business long enough have witnessed that most financial assets experience long cycles of favor (booms to bubbles) and disfavor (“lost decades”).
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A Prime Opportunity To Improve Diversification
2022 was a difficult year for most investors and advisors. The one silver lining is that this…
The Role of Gold In a Portfolio
Gold is a unique financial asset. It is best thought of as a non-interest bearing real asset…
L/S Equity Has A Fee Problem, Not a Performance Problem
Long Short Equity hedge funds have taken a lot of heat in the press recently. After years of…
Lessons From Volcker’s Inflation Fight
All eyes are on Chairman Powell’s speech this week for his thoughts on how he will tackle today’s…
Diversified Alpha is Better Than Constrained Beta
Investors are always looking for a way to reduce their risk while preserving upside. That’s why..
Where Does All The Hedge Fund Alpha Go?
The vast majority ends up in managers’ pockets. No wonder they have so many yachts. For years…
Hedge Funds Outperform During Recessions
During recessionary periods, it’s much better to hold hedge funds than it is to have a traditional 60/40 mix..
Repeating Bogle’s Folly with Hedge Funds
Low cost index funds yield better returns than a portfolio of high cost managers. What was seen…
Today’s Liquid Alts Are a Terrible Deal For Investors
Managers of liquid alts have promised strong returns, low market correlation and better…