Insights

In the past decade, traditional long-only portfolios — typically composed of equities and government bonds — have provided reliable diversification benefits due to the generally negative correlation between stocks and bonds. However, since ...

The hype around generative AI (GenAI) in financial services is loud—but for hedge fund allocators and due diligence professionals, the signal is what matters. But for these professionals, it’s critical to understand not just whether a ...

Systematic investing has profoundly reshaped equity and futures markets. From high-frequency trading to long-horizon factor investing, quant models have established themselves as foundational. Yet in corporate credit – a multi-trillion ...

For decades, the public and private markets were distinct arenas. Public markets were all about liquidity, transparency, and daily pricing. Private markets offered access to longer-term, illiquid opportunities in exchange for potentially ...

The Limits of Traditional Diversification For decades, investment portfolios have leaned heavily on the 60/40 equity-bond model, grounded in the assumption that these asset classes offset each other. That model came under serious strain in ...

In today's investment landscape, the lines between public and private markets are becoming less defined. As companies and investment vehicles move more freely between these two realms, it's critical for investors to have reliable methods ...

You’ve probably come across headlines like “Fed Eyes Hedge Fund Leverage” or “Regulators Target Repo Market Risks.” These stories point to a broader question: What exactly are hedge funds doing with repurchase agreements (repos), and why ...

Not so long ago, we wrote a piece explaining Portable Alpha and how attractive it can seem: you take a solid alpha source (hedge fund, alternative strategy, etc.) and “port” it onto a cheap beta exposure (futures on equities, bonds, or ...

In our previous blog post, we introduced Credit Risk Transfer (CRT) transactions, also known as Significant Risk Transfer (SRT) transactions. Both terms—CRT and SRT—are often used interchangeably within the financial industry, so for ...