• The Long/Short Advantage

    Long/short equity can limit volatility within the portfolio, stabilize the sequence-of-returns and narrow the possible outcomes to help investors and their advisors better plan.
     
     

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  • The New Core Allocation: Long/Short Equity

    With equity valuations at elevated levels, subdued economic growth due to changing demographics and stubbornly low productivity gains, as well as a bleak outlook for fixed income, advisors are challenged to rethink foundational portfolio elements of investor portfolios—which means seeking out strategies that bolster the core going forward.

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  • The Math of a Big Loss

    The Math of a Big Loss

    Too many investors fail to realize that it’s not only about the loss of monetary resources, but also the loss of time in which to make them back. Too many investors fail to realize that it’s not only about the loss of monetary resources, but also the loss of time in which to make them back.

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  • Three Reasons Small Caps Should be Part of Your Equity Allocation

    Investors are currently faced with a troubling dilemma: U.S. equities are expensive on most measures, but equity exposure continues to be rewarding and the opportunity cost of being left behind is non-trivial. We advocate for an approach that both acknowledges the increasing risk in the equity markets and that simultaneously seeks advantage in relatively cheaper assets.

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  • Bounded Rationality: Tapping Investor Behavior to Source Alpha

    We believe a better opportunity to outperform the market comes instead from anticipating investor behavior. In the following pages, we explain how behavioral biases shape the expectations around a company and ultimately influence its stock price. These biases often lead to a predictable pattern of how investor expectations will evolve and offer a rare opportunity to capture alpha in an otherwise
    efficient market.

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