As the economic cycle starts to turn, we believe a change is needed.
Quantitative easing is being replaced with quantitative tightening, accommodative monetary policies are being withdrawn and US Treasury yields are starting to climb.
How do we continue to generate attractive performance?
We believe active, unconstrained decision making is what will differentiate returns, through alpha-focused approaches.
Liquid alternative strategies – with their uncorrelated and flexible nature – provide one of the most compelling allocation solutions to the challenge of investing in an environment of rising rates, elevated dispersion and the return of volatility.
Read the latest thoughts and insights from our alternatives experts.
Evolution and reversals
We examine how the economic developments of the past 30 years have changed the investment landscape, giving rise to alternative strategies.
Macro: Thinking ideas, trading in the real world
Generating alpha in macro investing requires a different type of thinking, one which in its purest form is a return on judgement and insight, not the mere accumulation of numbers, facts and knowledge. The paper explores macro investing, from the toolkit at the investor’s disposal, to the skillset required, to forming views and ultimately execution.
Liquidity: Binary to continuum
The financial crisis and the coincidental events brought us a more mature investment industry. We discuss the importance of liquidity when running an alternatives fund, from the liquidity offered to investors to the terms agreed with the leverage providers. We also delve deeper into how liquidity has shaped the investment industry recently, from the rise of liquid alternatives to stronger corporate governance and regulation.
Alternative UCITS: More to come
A deep-dive into the evolution of ‘Alt UCITS’ and how the universe is set to enjoy a strong growth trajectory, but the landscape is far from equal. While the quantity of funds available is increasing, quality remains debateable – assessing manager skill and the opportunity set remains of utmost importance.
Avengers, alternatives and a fresh investment environment
Few would have predicted the turbulent evolution of Marvel Comics would pre-empt the path of financial markets. But both worlds featured 90s hysteria, early 00s excesses and a game-changing blow-up. For Marvel, the outcome was a reformulation from paper to cinema must-see; in the investment world, we are seeing the reboot of alternatives.