Traditionally, there have been two methods of equity investing – active and passive. More recently, however, a third option has come into play. Claiming that the market is inefficient and that passive indexing can be improved upon, institutional investors set out to create a product that seeks to exploit market inefficiencies by overweighting certain equity […]

Over the last two decades, hedge fund investing has been heralded as a way to avoid stock market volatility.  Any investment strategy that delivers on such promises cannot be ignored!  Now the task is to find such an investment.  It will not be easy, since the number of hedge funds has soared in recent years.  […]

No one saw it coming! In hindsight, a simple review of the supply/demand equation clearly foreshadowed a crisis in the making. The quiet advance of the U.S. as a top global producer of oil surprised the markets as well as economists (Chart 1). Oil is a commodity and, by very nature, cyclical. The theory that […]