Investment Strategy Insights

RMBS: A Potentially Compelling Opportunity for Fixed Income

In the U.S., hundreds of billions of dollars of mortgages are issued every year. Mortgages that meet certain government requirements (loan size, LTV ratio, etc.) can be sold to or guaranteed by government backed agencies, including Fannie Mae, Freddie Mac, and Ginnie Mae.

RMBS: A Potentially Compelling Opportunity for Fixed Income

In the U.S., hundreds of billions of dollars of mortgages are issued every year. Mortgages that meet certain government requirements (loan size, LTV ratio, etc.) can be sold to or guaranteed by government backed agencies, including Fannie Mae, Freddie Mac, and Ginnie Mae.

Buffered Annuities: Buyers Beware!

We generally believe there is a place and time for most structured annuity segment types given their hedge characteristics and the strong levels of definition that clients truly appreciate.

Creating a More Efficient Tail Risk Hedge Strategy

Since stocks began their massive rebound from the Global Financial Crisis in 2009, and particularly the years between 2016 and 2018, equity declines have been so sudden and limited that long-term trend following has not had enough time to re-position effectively.

Creating a More Efficient Tail Risk Hedge Strategy

Since stocks began their massive rebound from the Global Financial Crisis in 2009, and particularly the years between 2016 and 2018, equity declines have been so sudden and limited that long-term trend following has not had enough time to re-position effectively.

Why Ratings are not a Significant Factor When Trading Legacy Non-agency RMBS

When investors first familiarize themselves with corporate and municipal bonds, they quickly learn that credit ratings from S&P, Fitch, and Moody’s are of paramount importance when it comes to pricing bonds and assessing risk.

Improving an Investor’s Managed Futures Strategy

There’s no denying that managed futures mutual funds have underwhelmed recently. There are two major reasons for this recent performance...

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