Beyond Bulls & Bears

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

“The bottom line is that we believe the massive tide of low-cost money that lifted all boats and allowed for carefree sailing is receding. Investors who are not prepared for this change may be exposed to significant risks.” - K2 Advisors

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

“While we cannot predict market tops or bottoms, we can be prudent in how we position portfolios contextually. Perhaps now is the time to consider dialing back risk to some degree. We believe the easy money in this cycle has already been made.” - K2 Advisors

Are Hedge-Fund Strategies Entering a “Silver Era”?
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Are Hedge-Fund Strategies Entering a “Silver Era”?

“We’ve seen evidence that the current market landscape could become a nurturing environment for certain hedge-fund strategies, but we’re only just at the beginning and believe more opportunities could crop up during this silver era." – Brooks Ritchey, K2 Advisors

Hedge-Fund Strategies Get a Second Wind
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Hedge-Fund Strategies Get a Second Wind

After three disappointing years in the middle of this decade, it’s been a smoother course for hedge-fund strategies over the past 12 months. K2 Advisors’ Senior Managing Director Brooks Ritchey offers his analysis to explain why he sees some tailwinds ahead.

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

K2 Advisors seeks to add value through active portfolio management, tactical allocation and diversification across four main hedge strategies: long short equity, relative value, global macro and event driven. In their third-quarter (Q3) 2017 outlook, K2 Advisors’ Research and Portfolio Construction teams share the key market events they have an eye on, along with the select strategies that represent their “top convictions.”

Why Liquid Alternatives Now
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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

K2 Advisors : Why We Like Activist Hedge Strategies
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K2 Advisors : Why We Like Activist Hedge Strategies

The market and economic environment is perhaps more favorable to activist investment strategies today than it has been in some time. With the outlook for growth muted, corporate balance sheets flush with cash, financing rates still very low, and an increasingly hospitable public attitude toward activist investors—the opportunity set appears robust.

Helicopter Money: Pulling a Brick with a Rubber Band
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Helicopter Money: Pulling a Brick with a Rubber Band

Helicopter money may be an interesting theoretical idea and fun mental exercise in hypotheticals for economists to engage in, but in my humble opinion that is where it needs to stay—in theory.

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

We expect overall volatility to increase across the global markets, and often emerging markets are more volatile than their developed counterparts. With this volatility we anticipate the arrival of opportunity, and we believe it will likely be manifest across all three major asset classes—equity, fixed income and currency.

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.

An Alternative View on Volatility

An Alternative View on Volatility

Based on our current economic outlook, with financial markets still coming to terms with, among other issues, China’s slowing growth rate and uncertainty about global interest rates, we anticipate volatility will be around for some time—and may even escalate.