Hedge fund allocation and liquid alternatives, custom-built for one client at a time. My approach is defined by a clear hierarchy of priorities: the client comes first, the portfolio allocation second, and the manager selection third. I assist sophisticated investors in evaluating hedge funds and liquid alternatives, selecting managers, and constructing portfolios tailored to their
Is the Market’s Beta Always 1? In my last post, I talked about how professional managers are seeing their portfolios “not following the script.” Last night, a friend, a great market scholar, pulled a chart out of his hat that sums it up perfectly. Thanks for sharing it. Historical correlations and betas are no longer
With just under a week left until month-end, the S&P 500 closed last week in negative territory, down -1.05% MTD, as shown in the chart below. Will it manage to close June in positive territory? We know that the war(s), comments from the U.S. President, and statements from Warsh (Powell’s successor) generated some volatility last
The S&P 500 surged 2.63% last week, closing Friday at a fresh all-time high and leaving an unfilled gap from Wednesday open. This gap highlights the ongoing tug-of-war between bulls and bears. To navigate the eventual pullback, watch sector rotation closely: if capital shifts from XLK to other areas rather than fleeing to cash, expect
Two sides could return to Pakistan by week’s end. Bearish themes that used to dominate simply aren’t present anymore. Equity markets are looking strong month-to-date, showing solid momentum. We’re currently up about 5.5% for the month as of yesterday’s close, and roughly flat year-to-date at +0.5%. The last 10 trading days have been especially positive,
