Does the “Buck” Stop Here?
While the U.S. dollar may be poised for a short-term rebound, the long-term direction for the U.S. dollar is down, as emerging markets untether themselves from the greenback.
Research Publications Archive
The Great and Powerful Fed?
While equity markets celebrate Fed rate cuts, underlying conditions (and thus our long-term outlook) are little changed.
Has U.K. Property Finally Peaked?
It looks increasingly like U.K. property has seen its highs for this cycle.
A Brief Guide to 130-30 Funds
“130/30” has become the most common shorthand for describing an investment strategy that relaxes the long-only constraint of traditional equity portfolios and incorporates both long and short equity positions, while maintaining a 100% net equity exposure to the market. The report analyzes what is behind the recent surge of 130/30 products and how to potentially…
Opportunistic Credit Funds Hoping for Fire-Sale Prices
Managers go shopping in the aftermath of the credit conflagration.
Global Survey-Vive la Difference?
While global equity markets rose more or less in sync from early 2003 until the recent outbreak of volatility, returns are likely to diverge as the credit bubble unwinds.
The Trouble with European Financials
While exposures to “toxic waste” debt are tough to pin down, European financials face a tough road ahead.
Hedge Funds: A Framework for Making Strategy Allocation Decisions
This expansive report discusses our approach to strategy allocation by providing the basic framework for allocation decisions, the key return drivers and investment backdrops in the core marketable alternative strategies, and recommendations for program construction. It also contains a performance review of the five core marketable alternative strategies: long/short equities, distressed securities, convertible arbitrage, merger…
The Jig Is Up: The End of Easy Credit
Whether the current turmoil in the credit markets intensifies or slowly blows over, the days of easy credit financing are over.
Anatomy of a Credit Crunch
A look at the origins and extent of the credit crackup in the United States.