by Nicolas Rabener | Jun 1, 2020 | Uncategorized
Bonds & The Invisible Thief Watching Inflation Wreak Havoc in Fixed Income June 2020. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARYUS bonds generated positive total returns in most inflation regimesReturns were mixed when inflation was above 4%Real...
by Nicolas Rabener | May 26, 2020 | Uncategorized
Tactical ETFs: Tactfully No, Thank You? “Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” – Sun Tzu May 2020. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Tactical investing...
by Nicolas Rabener | May 18, 2020 | Uncategorized
Cheap vs Expensive Factors Are Expensive Factors More Risky? May 2020. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Factors can be valued like stocks Factor valuations have not changed structurally over the last 30 years Cheap factors outperformed...
by Nicolas Rabener | May 11, 2020 | Uncategorized
The Case Against Factor Investing Long Live Plain Beta? May 2020. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Factor investing is likely the best option for investors seeking to outperform the market However, the cyclicality of factors makes factor...
by Nicolas Rabener | May 4, 2020 | Uncategorized
Merger Arbitrage: Arbitraged Away? Another Questionable Diversification Strategy May 2020. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY As AUM in merger arbitrage has increased, alpha decreased Investors can access merger arbitrage via hedge funds, bank...
by Nicolas Rabener | Apr 27, 2020 | Uncategorized
Tail Risk Hedge Funds Fix the roof while the sun is shining. April 2020. Reading Time: 10 Minutes. Author: Nicolas Rabener. SUMMARY Tail risk funds tend to be most in demand when they are least attractive Short-term bonds provided similar benefits to tail risk funds...
