| At Macro Risk Advisors, our value proposition centers on consistently
delivering actionable, alpha generating ideas to institutional clients. Central
to this pursuit is our market strategy effort, a daily communication in which we
uncover themes that impact the risk / reward landscape while providing specific
trade recommendations. Our one-page daily note (examples are featured to the
right) is a sophisticated yet accessible read that has appeal to investors
across the asset spectrum. Among the topics we have examined: quantitative
easing and its impact on equity volatility, hedge fund correlation levels, gold
option skew, tail risk hedging and sovereign risk. Our highly flexible approach
allows us to focus on what matters to clients at a given point in time.
In a market where uncertainty is high, we help assess the relative merits of
investment decisions by examining "risk" in its many forms. We bring our
understanding of the risk profiles of various asset classes - and the manner in
which they interact - to provide insights that clients can utilize to better
navigate the macro investment landscape. For example, our Systemic Risk
Dashboard puts in context more than 50 unique measures of risk across equities,
credit, commodities, FX and rates and enables us to draw broad conclusions as to
what factors are most critical to driving market returns and volatility. Earlier
in 2010, MRA made a bold and contrarian call that the US equity market
substantially underappreciated the implications of the sovereign risk emerging
in Europe. Our work with clients on implementing low cost, convex hedging trades
proved quite valuable in mitigating portfolio volatility.
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