Alternative Strategies
We build unique diversifiers for a changing world. Our strategies seek to deliver as mounting political, geopolitical, monetary, and fiscal forces bring previously dormant portfolio considerations to the forefront.
Our alternative strategies leverage the full capabilities of our investment team’s experience over multiple decades running both discretionary and systematic strategies. Our approach is distinct in the industry, leveraging macro awareness, data-driven processes, and market-tested risk management.
We offer six strategies across three categories: Volatility, Trend, and Inflation. Within Volatility, we operate two Long Volatility strategies, and one alpha-seeking Volatility Relative Value strategy. Within Trend we offer two fully systematic strategies, one of which is focused on major markets, and another on alternative markets. Our forthcoming Inflation strategy seeks to benefit from an inflationary backdrop and higher potential inflation volatility.
Have you read?
Observations on Post-Covid Inflation Data: We've received two months of inflation data since the coronavirus shut down and they paint an interesting picture of the economy. The impact is broadly but not exclusively deflationary. It’s these divergences that tell a story of a recession very different from those in recent history. Historically recessions have been broad based demand destructions but recent data reflect something more complex…
Improving the Industry’s Dominant Portfolios: We explore a positive-expectancy portfolio overlay that is negatively-correlated to risk assets. We first published the research last April and have updated it following the dramatic Q1 2020 real-time stress-test. With US treasury yields so close to zero, and thus unable to provide a material offset to equity/credit risk, never has this overlay been so vital in the construction of durable portfolios…