Trend following strategies and crisis alpha

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Trend following strategies capture upward and downward trends in traditional markets; this has made such strategies popular alternative investments for financial advisers looking for assets uncorrelated with equities, bonds and

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15 Jun 2021

Market commentary: Markets focussed on May CPI; Fed being given the benefit of the doubt

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1. Markets focussed on May CPI. Fed being given the benefit of the doubt but there is doubt! All eyes tonight on the May CPI report. The market expectation is

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11 Jun 2021

Are you experienced? (Apologies to Jimi Hendrix)

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While continuing to acknowledge a more positive outlook as far as growth and employment are concerned, the absence of any “lived experience” of price or wage inflation will likely see

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01 Jun 2021

Markets give the Fed the benefit of the doubt – but there is doubt

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The inflation scare on the back of April’s CPI ‘blowout’ appears to have abated somewhat. A concerted effort from key Federal Reserve speakers, who have sought to cast any inflation

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28 May 2021

Long/short investing – a strategy to capture equity market exuberance

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What is a long/short strategy? A long/short equity strategy is designed to take advantage of the upside of markets, while minimising potential downside risks. The strategy seeks to profit from

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17 May 2021

Too much rather than too little remains the least risky pathway for the RBA

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There were no real surprises in RBA Governor Lowe’s Statement issued following the latest RBA Board meeting. While continuing to acknowledge a more positive outlook insofar as growth and employment

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07 Apr 2021

Moore’s Law and the race for the rest of the chessboard

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Gordon Moore, the famous founder of Intel, set forth his prediction in 1965 that the number of transistors per silicon chip should double every two years. In this this paper

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18 Mar 2021

The wealth effects of climate change

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Addressing a group of financial advisers during a recent webinar, Munro Partners CIO Nick Griffin called climate change the ‘biggest S-curve’ – or greatest investment opportunity – of his lifetime.

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11 Mar 2021

Will current Fed policy lead to inflation?

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Various key Fed spokespeople, including Chair Powell, Vice Chair Clarida and FOMC member Brainard, have all appeared to downplay nascent concerns that current Fed policy, combined with fiscal stimulus, may lead to

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26 Feb 2021

Structural and cyclical influences driving focus on rising inflation

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The following are some comments from Steve Miller, an adviser at GSFM, on inflation and bond yields. He also looks at the minutes from the Federal Open Market Committee (FOMC)

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19 Feb 2021