Insights

Since the GFC, a combination of prolonged ultra-low interest rates to sustain economic growth and fiscal and monetary backstops at times of trouble has helped support earnings growth and appreciating valuations, ultimately fueling the ...

Multi-PM platforms have experienced a surge in popularity driven by strong risk-adjusted performance and alpha generation capabilities. However, with higher fees and expense pass-throughs, investors are left wondering: is it worth the ...

Mr. Ren Wu is a senior hedge fund risk officer with decades of experience across multi-strategy funds across North America and Asia. He discusses the nuances of risk management in the current market environment and the changing face of ...

Financial research has established that the number of investable factors and assets is limited, and fund exposure to these factors can fluctuate over time. Hedge funds and mutual funds invest in various markets, such as equity, bond, ...

Over the past few years the world has grasped that semiconductors are now as central to modern economies as oil. Integrated circuits, or chips, are both difficult and costly to produce. The global economies’ dependance on just a handful of ...

Overview Of The Convertibles Market Convertible securities (“CB”, or “converts”) offer investors the potential for equity-like appreciation while providing the downside risk protection of a fixed-income instrument. The defensive nature of ...

Bear Market Duration And Depth The average and median bear market lasts around a year and a half. Certain bear markets have been very brief, for example, the recession of 1990-91 only led to a short, shallow, stock market decline. ...

In February of this year, we highlighted a trend amongst hedge funds of locking up investors capital for longer time periods, but we noticed that this trends applied to a small number of successful managers, both in terms of recent ...

Most hedge funds report returns only with lower frequency, e.g., weekly or monthly. Yet, many market events play out during a few days only. This imposes the risk that one might miss important dynamics when looking at a time series of ...