1Q 2024 Unlimited Hedge Fund Barometer
Hedge Fund performance in the first quarter was the best in more than 3 years, driven by an unusual combination of...
The Best Skill or the Most Luck?
One of the hardest things to do in investment management is figure out if outcomes are a function of luck or skill.
Far From Perfect: Inverted Yield Curves Don't Reliably Predict Recessions or the Direction of the Markets
On October 25, 2022 the yield curve flipped to inverted and has remained so for the nearly 500 days since.
Who Is Better: Hedge Fund Allocators or Dart-Throwing Monkeys?
Every hedge fund allocator dreams of finding the portfolio of managers that reliably outperforms...
What's Under the Hood? What Matters for ETF Liquidity
Understanding the liquidity of an individual stock, bond, or futures contract is...
Improving the Odds With Diversification
Alpha strategies are intended to provide a differentiated return stream from stocks and bonds...
Not All in in Mega Cap Stocks? That's Prudent But Currently Underperforming
US stocks outperformance of pretty much everything returned again in 2023...
Don't Overweight Cash Unless You're a Market-Timing Genius
Effectively timing the market requires extreme skill. Fortunately, diversification allows...
Where To Turn When Stocks and Bonds Move Together
Historically, 60/40 investors have relied on bonds to protect their equity positions and preserve capital through market down-turns..
The Fees Are Too Damned High for Most Liquid Alts
Liquid alternatives products often offer the allure of returns that could benefit most...