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Since launching our effort in April 2008, we have published on a
variety of investment themes. Among the topics we have examined: global
inflation trends, volatility pairs trades, Fed policy, hedge fund correlation,
and the underpinnings of equity volatility. Please see the links below for our
archive of previous work. Throughout 2008, we have been bearish on equity market
fundamentals and bullish on equity volatility. |
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Our view has been that the deterioration of credit market
fundamentals along with the severe headwinds facing the US consumer were setting
the stage for protracted period of economic weakness and substantially higher
equity volatility. We expected the VIX to rise substantially (though not to 80!)
as it hovered around 20 throughout the summer. Our strategy effort is designed
to be flexible and actionable and to help clients achieve better
returns. |
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.
Our effort is a constant work in progress and we welcome feedback on
ways we can enhance our product to be of maximum value for our
clients. |
