…to the US dollar that wouldn’t experience the gains or losses associated with shifting currency prices. One such product completely changed the fortunes of a relatively small ETF provider and…
…fees not included in the asset management costs: legal fees, taxes and something called ‘monitoring and oversight’ fees. That last one sounds funny to me, since I would have assumed…
…these types of orders is that it removes human judgement from the equation in times of extreme stress, which in our view is often when you need the judgement. Last…
…based portfolio, and he’s right. Cliff’s solution, known as risk parity, takes equal risk within stocks and bonds (and other asset classes like commodities and credit). The chart below shows…
…Thorpe created a hedge fund that earned 20 percent per year for decades, net of his fees, which was one percent of the assets under management and 20 percent of…
…bonds lost a lot of value, they were a very small part of the fund, less than 0.05 percent, by my estimation. And, since interest rates fell substantially, the rest…
…anyone see The Terminator?. I’m nervous about the unintended consequences, like the connection between social media and teen depression. From an investment standpoint, I’ve heard pitches for AI-powered strategies for…
…his long-running hedge fund dedicated to shorting. Chanos uncovered the fraud at Enron and enjoyed a series of big successes, but it was still hard to fight the tide. I’m…
…of our duties is to determine the client’s willingness and ability to take risk. Helping clients understand their risk tolerance is important so they are comfortable with their portfolio’s volatility,…
…curb inflation, which gives the doves a little more ammunition to keep rates lower for longer. The doves also appear to be saying that we shouldn’t just be concerned with…
