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Adam Butler, CFA, CAIA

29 posts

Adam Butler is Chief Investment Officer of ReSolve Asset Management, sub-advisor to an alternative allocation strategy at Rational Funds. He manages ETF and futures based strategies including a global risk parity ETF, two Adaptive Asset Allocation funds, and a multi-strategy hedge fund. Adam is also author of the book Adaptive Asset Allocation: Dynamic Global Portfolios to Profit in Good Times and is ranked in the top 1% of authors by paper downloads on SSRN. He has authored over a dozen papers and dozens of articles on asset allocation; factor investing; quantitative methods; and portfolio optimization. Adam holds both CFA and CAIA charters and appears on BNN Bloomberg and CNBC.

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1 min

ReSolve Riffs: Money Supply, Inflation and Asset Prices with WidsomTree’s Jeff Weniger

For the last 12 years, the Fed and other major central banks have exerted overwhelming influence and power over investors’ behavior and capital markets. Since the pandemic began, governments have been forced to step up and unleash a fiscal tsunami to help ailing economies during the deepest recession in living memory.

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2 min

ReSolve and Dan Egan Opine: What do Investors Really Want?

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1 min

Videos & Podcasts

ReSolve’s Riffs on Value Investing

We were joined this week by our friends Wes Gray (Alpha Architect) and Tobias Carlisle (Acquirers Funds) to discuss value investing, its prolonged winter and how it has fared in the current environment.

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1 min

Videos & Podcasts

ReSolve’s Riffs on Cryptocurrencies – Digital Gold or Millennial Bubble

Among hot and contentious topics in investing, cryptocurrencies certainly rank top of the list – including their designation as a form of currency. From a techno-libertarian experiment, Bitcoin, its peers and particularly the blockchain technology that underpins them, have morphed into a global phenomenon that promises to revolutionize finance itself.

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1 min

ReSolve’s Riffs on Leverage over Beverages: The Risk/Reward of Vol Targeting

Most pension plans and other institutional investors with long-term liabilities are faced with an enormous mismatch between the return assumptions in their actuarial models and the combination of sky-high equity valuations and rock-bottom bond yields. Some have chosen to address their funding gaps by adding leverage to their portfolios

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1 min

Videos & Podcasts

ReSolve’s Riffs on Gold vs Treasury as Disaster Protection

The recent pandemic-led selloff has once again highlighted the importance of having ballast in portfolios to deal with extreme equity volatility – and ultimately protect investors from disastrous outcomes.

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1 min

ReSolve’s Riffs Part Two: Crouching Bull, Hidden Bear: Second Chance for Investors?

Joined by good friend Corey Hoffstein (Newfound Research), the team analyzed the aggressive recovery in stocks over the last few weeks and the apparent disconnect from the harsh broader economic reality.

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1 min

Resolve Riffs on the Great Tail Protection Debate

Join us for our inaugural episode of the “ReSolve’s Riffs” series where the team will go live on Youtube every Friday at 3pm over cocktails to discuss topics that are…

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1 min

The Pandemic Portfolio Podcast: Risk Parity, Convexity and Multi-Asset Factors in Extreme Markets

How long will the recession last? How deep will it be? What are the long-term implications for the economy, markets, and society? The global pandemic has ushered in a period of extreme uncertainty and investors are left with too many unanswered questions and afraid for their portfolios. Where do we go from here?

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2 min

Adaptive Asset Allocation: A Different Way to “Manage Futures”

By most measures U.S. stocks and global bonds have pushed well into high valuation territory, which has preceded periods of very-low prospective returns in the past. For investors to achieve the same results as they achieved over the past 10 years in the next decade, we will have to experience a third major bubble in a row.