• Expertise and Diligence Need Not Apply

    January 2017

    The year 2016 is in the books, and thanks in part to a strong fourth quarter, equities again delivered in spades. Value stocks and small caps led the way, with returns of 18.4% (Russell 3000 Value) and 21.3% (Russell 2000).

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  • The Fact(or) of the Matter Is

    December 2016

    There is a tendency in our industry to look at alternative investments as separate and distinct from traditional strategies. But at the most basic level, both alternative and traditional strategies invest in the same assets: equities, bonds, commodities and currencies.

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  • A Whole New World

    November 2016

    We are two weeks post-election, and clearly, “the times they are a changin’.” Concerns of deflation have quickly shifted to inflation, causing the bond market to go through convulsions. The yield on the 10-year Treasury has increased roughly 50 basis points since the election…

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  • Is the destination or the journey?

    October 2016

    Increasingly, we’ve been thinking about the way that investors view risk in the planning stages, as opposed to how they experience risk in real time. And no surprise, there is a not-so-insignificant delta between those perspectives.

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  • Performance Reporting’s Frankenstein

    September 2016

    Through mid-September the classic 60/40 portfolio has produced a return of 5.5%, with the S&P 500 Index up 5.7% and the Barclays Aggregate Bond Index advancing by 5.2%.

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