Beyond Bulls & Bears

K2 Advisors: It’s the End of the Fed’s World as We Know It
Alternatives

K2 Advisors: It’s the End of the Fed’s World as We Know It

Market volatility returned with a vengeance towards the end of 2018, with numerous uncertainties invoking memories of the Great Recession. K2 Advisors’ Robert Christian and Brooks Ritchey believe the most recent turmoil has been a function of some asset-price distortions stemming from central bank actions. They explain what it all means for investors—and for hedge-fund vehicles in particular.

Risk On, Risk Off, or Risk Uncertain?
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Risk On, Risk Off, or Risk Uncertain?

While big market swings can be unsettling to many investors, there are a number of alternative investment strategies that aim to turn volatility into opportunity, according to K2 Advisors’ Brooks Ritchey and Robert Christian. They outline some of the market challenges they see ahead, and why they believe certain hedge strategies could find fertile ground.

Third Quarter Hedge-Fund Strategy Outlook: K2 Advisors
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Third Quarter Hedge-Fund Strategy Outlook: K2 Advisors

“While things remain relatively tranquil on the surface, macroeconomic concerns―including geopolitical hot spots, growing political uncertainty in Europe, trade wars and major central bank policy divergence—all pose legitimate problems for market stability. In addition, perhaps one the most overlooked concerns today is the threat of continued rising interest rates in the United States.” - K2 Advisors, July 25, 2018.

Science Fiction to Science Fact: The Rise of the Machines
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Science Fiction to Science Fact: The Rise of the Machines

“Exponential growth in computer processing speeds, advances in big data, open-source software and cloud computing have all converged over the last decade to move AI from the realm of science fiction to science fact.” - Mat Gulley and Ryan Biggs

Why Liquid Alternatives Now
Alternatives

Why Liquid Alternatives Now

“The availability of liquid alternative vehicles has expanded rapidly over the past decade, paired with a strategic interest to provide retail investors with access to diversified sources of potential alpha to complement their traditional portfolios.” David Saunders, K2 Advisors

Third-Quarter Hedge Fund Strategy Outlook: K2 Advisors
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Third-Quarter Hedge Fund Strategy Outlook: K2 Advisors

The recent recovery in commodity prices has relieved some of the emerging economies’ economic pressures that had been evident during 2015. As a result, valuations of select emerging-country equity and sovereign bond investments remain attractive relative to those available in developed markets.

What an (Economic) Drag It Is Getting Old
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What an (Economic) Drag It Is Getting Old

The world is getting older (much older in some geographies), and to us this is without question becoming a meaningful drag on economic growth—one that will likely persist into the future.

The Intangible Art of Operational Due Diligence
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The Intangible Art of Operational Due Diligence

The ‘artistic’ nature of operational due diligence (ODD) is a human exercise, and one that cannot be readily quantified and cataloged … The abstract or intangible qualities of a solid ODD program—wisdom, experience and judgment—cannot be overstated.

ZIRPs and NIRPs and Unintended Consequences
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ZIRPs and NIRPs and Unintended Consequences

There are countless examples in history, some more hubristic than others, in which man’s efforts to address a problem or control a system have resulted in miserable failure―regardless of best-laid plans or intentions.

Complexity, Critical States and Tributaries of Uncertainty
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Complexity, Critical States and Tributaries of Uncertainty

We are always uncertain, and so we must always be prepared and sheltered appropriately for living in the uncertain world, investment portfolios notwithstanding.