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Disentangling Diversification
You may hear that "it’s a stock picker’s market." This environment could be characterized as a sector picker’s market. To measure the importance of sectors, this text decomposes total market dispersion into within-sector and cross-sector effects.
An Explanation Of Private Market Fund Fees
Preqin recently published the results of its institutional investor survey, which focused on private fund fee terms and conditions. The results showed that transparency around fees, rather than the amount of fees charged, were of primary concern.
0DTE Options Unmasked
We wrote about weekly options nearly a decade ago after the exchanges listed them and volumes subsequently skyrocketed. We are seeing nearly the same phenomenon with 0DTE options (zero days to expiration) along with similar eye-catching headlines.
Why We May Be Only In The Early Stages Of A Banking Crisis
The first half of 2023 saw the beginning of a banking crisis that will have repercussions for years to come, which will lead to a period of consolidation within the banking industry as well as a rethink of the role of banks in the US economy
Investment Fund Tokenization For Mass Adoption Or Better Distribution?
The move to tokenization of specific asset classes is accelerating and there are various initiatives and real-world products that aim to arrive at a digitally-native future for financial services.
The Relationship Between Blockchain Fundamentals And Native Token Prices
Do fundamentals drive returns in digital asset markets? After all, fundamentals are absolutely key to understanding valuations of traditional assets like stocks and bonds. Let's take a look and attempt to answer that question.
A Case For Distressed Hedge Fund Strategies And How To Enhance Returns
Investor interest in distressed investing is growing rapidly -- and rightfully so. While the current economic cycle has been prolonged due to high levels of liquidity, fiscal stimulus, and suppressed default rates, the tides have begun to shift.
REITs As Building Blocks And Hedging Tools For Private Investors
The purpose of REITs is to allow individual investors to invest in large-scale, income-producing real estate. Law requires to REITs pay dividends at least once annually, many REITs pay quarterly or monthly. It’s regular and reliable income.
What Happened To Equity Volatility In 2022?
This text will investigate the phenomenon of the flattening skew and how volatility impacts the value of the CBOE VIX index. Learn what options-based strategies are attractive during this time of uncertainty. 
Managed Futures: A John Bogle Moment?
The benefits of investing in managed futures have been well-documented. Incorporating this strategy can enhance returns, mitigate risks, and improve diversification. But what is the best way to take advantage of the benefits of managed futures?
Reducing The Risk Of Momentum Crashes
On average, investing in previous winners and short selling previous losers offers highly significant returns that other common risk factors cannot explain. However, momentum also displays huge tail risk.
Real Estate Can't Be The Keystone Of Your Portfolio
The idea that REITs borrow some risk characteristics from stocks and bonds while behaving like a different asset class has to be abandoned. That implies that REIT can’t be the keystone of one’s portfolio.
The Spectacular Past And Concerning Future Of The 60-40 Portfolio
We believe that perhaps no innovation in the history of investing has created more wealth than the 60/40 Portfolio. This portfolio invests its total value in 2 market segments, with 60% of the value invested in stocks and the remaining 40% in bonds.
Diversification Versus Hedging: Which One Should Investors Pursue?
The base requirements for any diversifying strategy should be uncorrelated returns to stocks, specifically when stock markets crash or decline, and positive returns. But it is remarkably difficult to identify products that fulfill these two criteria.
Dispersion Is The Name Of The Game
Overall, it is fair to say that Private Equity activity is cooling down, but not falling off a cliff.
Is Boutique An Advantage In Venture Capital?
The challenge is not just to get into venture capital, but to get into the right funds within venture. The catch-22 is that the quality funds don’t need any more capital. The demand is often greater than the supply.
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