• Weekly Research Briefing: Portfolio Warping

    November 11, 2019

    So the Fed cuts rates three times and pauses. Then, the Fed’s Charles Evans suggests that they might let inflation run toward 2.5%. Throw in a few economic green shoots, and some hopes of a China trade deal, and now global bond prices are under pressure, yield curves are un-inverting and cyclical stocks have lifted their heads off the mat and are now getting up on one knee.

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  • Bounded Rationality:
    Tapping Investor Behavior to Source Alpha

    Tapping Investor Behavior to Source Alpha

    Behavioral biases influence even the most expert investors, and often create a predictable pattern of how future company expectations could evolve.

     

     

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  • Wall Street Mood Monitor

    September 2019
    Wall Street Mood Monitor 9/2019 thumbnail

    The Wall Street Mood Monitor is a three-factor model gauging the climate or “mood” for active management within each sector. The factors include sentiment, earnings trends and correlations. Find out which sectors may be a sweet spot for active management.

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  • Defining Alpha...It's Skill Not Excess Return

    Alpha vs Excess Return

    Alpha may be a common investment term, but it remains commonly misunderstood. Market observers often define alpha simply as a fund’s outperformance relative to a benchmark. This misconception is not only incorrect, but ignores what alpha truly identifies: manager skill.

     

     

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  • The New Core Allocation:
    Long/Short Equity

    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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