Insights

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 ...

Executive Summary March 2025 was marked by meaningful dispersion across quantitative investment strategies (QIS), driven by regionally divergent equity market dynamics, a weakening U.S. dollar, rising interest rate volatility, and a ...

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 ...

When investors commit to a hedge fund with an extended lockup, it might seem like a small price to pay in pursuit of exceptional returns. After all, strong managers often say, “Trust us; we need the time and stability to execute our ...

Index arbitrage is one of those market strategies that operate in the background, quietly profiting from market mechanics that many investors barely notice. Yet, for those who understand it, it’s a powerful way to capitalize on predictable ...

The landscape of hedge fund investing has undergone a profound transformation over the past two decades. What began as a relatively straightforward fund-of-funds model has evolved through separately managed accounts (SMAs) and now into ...