• Masters of Long/Short Equity  

    U.S. “Open”

    September 17, 2020
    Toller Miller, CIMA®

    This week is a special one in my family…it’s time for the 120th U.S. Open Golf Championship. As a young boy growing up, I loved watching my golf heroes like Watson, Nicklaus, Norman, Couples, Stewart. Every year on Father’s Day, I would sit and watch with my dad (a personal hero of mine) and dream about how amazing it would be to stand there with that trophy in my hands after enduring what is commonly known as the toughest test a golfer can face.


    Podcast Recommendation: Balancing in a Crisis

    September 10, 2020
    Harin de Silva, CFA, Ph.D., and the Analytic Investors Team,
    Guest Contributors

    Last month, Harin de Silva, CFA, Ph.D., Portfolio Manager for the Wells Fargo Asset Management Analytic Investors team and sub-advisor to our long/short equity strategies was one of three guests featured on the podcast, On the Trading Desk® with Brian Jacobsen. In it, he discusses how the strategy navigated the ups and downs of 2020 and how they plan on approaching the continued uncertainty for the rest of the year.


    In the next few years, a client’s evaluation of their advisor will boil down to the professional’s ability to do two things: add alpha and keep them invested. True, these have always been core components of an advisor’s role, but in the coming years they will take on added significance.

    Why? It’s a function of a low-return environment, and the psychological roller coaster that is likely to unfold.


    We recently asked readers of our popular market commentary, the Weekly Research Briefing, to submit market-related questions for author Blaine Rollins, CFA. We had several interesting questions come in so we thought we would use this week’s blog to share some of Blaine’s responses.

  • What is Alpha  

    Why Alpha Matters

    August 19, 2020
    361 Team

    While the term “alpha” is widely used, in our experience, it’s not particularly well understood. Alpha, properly defined, is return in excess of what could have been expected given the risks assumed to generate the returns. Notice that this is not strictly outperformance relative to a benchmark, but rather, its relative performance given the level of risk taken.