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 […]
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 […]
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 […]
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 […]
Managed Futures and Multi-Strategy Funds: The Search for Diversification
Understanding exactly what you’re getting in the Alternatives space is as important as ever.
Managed Futures has seen 17 Billion dollars worth of new money throughout the first half of 2016 while Hedge Funds have seen an outflow of 34 Billion.
The upshot is to identify whether your fund uses swaps and then to know that you’re likely going to pay more for it than is on the tin.
All this week Attain will be in attendance at financial conferences across the country, speaking with professionals from every corner of the world of finance, all as part of our effort to answer one seemingly simple question: why alternatives?
The CFA Institute National Conference is underway, and if James Montier’s opening remarks are any indication, we’re in for a great week of research, analysis, and education.