Category: Why Alternatives?

18 Jan 2017

Alternative Links: The Fiduciary Rule

A “fiduciary duty” is the highest standard of care recognized in American law. Among other things it means that you must act solely in the best interest of the client at all times.” Cliff Asness – Caveat Investor? The “Fiduciary Rule” and Unintended Consequences – (ValueWalk)   The well-known “crisis alpha” characteristics of trend-following strategies […]

11 Jan 2017

Alternative Links: Scapegoats

As AQR sees it, computer-driven funds are just scapegoats in a doomed quest to explain jarring market movements. Topping the enemies list is JPMorgan Chase & Co.’s Kolanovic, viewed by many as a gnomic visionary after calling an equity rout in the summer of 2015, blaming forced selling by automated funds. Wall Street’s Most Famous […]

19 Dec 2016

Commodity ETFs are a Bad Long Term Bet – Duh

For what seems to be the first time in what we can tell, there are other people out there warning investors of the dangers of Commodity ETFs. This week, the Financial Times beatifically outlined one of the many issues with these sort of products, such as $USO, $UNG, and $CORN. Investors have learnt the hard way […]

08 Dec 2016

Where is all the Managed Futures Money Going?

If you were to ask for the growth of Managed Futures assets in 2015, you might get different answers depending on who you ask. Barclayhedge will tell you $8.5 Billion, we think that number is more about $10.5 Billion, and a third party recently made the claim of as high as $30 Billion at a […]