The State of Risk Management
How effective is your method of managing portfolio risk? We
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The asymmetry zone
This blog post is available as a PDF here. Summary  The math
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Indexed Annuity: Masking Risk, Not Destroying It
What is an Indexed Annuity? In recent conversations with current and
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Alpha is not a risk management technique
You can download this blog post here. Summary Investors often
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The Cost of Protection
This blog post can be downloaded here. Summary One of
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When ingredients spoil
This post is available as a PDF here. Summary We break
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Putting Current Volatility Into Perspective
Putting the current S&P 500 downside volatility into perspective.
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Missing the Best and the Worst
By missing the best market days, one can often also miss the worst market days and achieve an better outcome than simply buying and holding.
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Hedge Hunting: Wrangling the VIX
Can ETF instruments like VXX and XIV be combined to get the benefits of spot VIX exposure without all the negative roll yield of futures?
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2 Ways to Lower Portfolio Drawdown
Portfolio drawdown can be reduced by allocating to strategies with lower drawdown, but low drawdown strategies are not the only way to manage downside risk.
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But Let’s Assume We’re Wrong
This weekly commentary is available as a PDF here. Commentary Summary
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Volatility: Good, Bad, or Indifferent?
Special Announcement We’ll be hosting our usual monthly strategy review
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Buying the dip or catching a falling knife?
With Global X FTSE Greece 20 ETF $GREK down nearly
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Checking your portfolio more frequently ensures you see more losses
A PDF version of this commentary can be downloaded here. Special
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Questioning your most dangerous assumptions: is your glide path too risky?
Glide paths are built from historical return assumptions: but do past returns from U.S. stocks paint too rosy a picture?
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The Search for Crisis Alpha: Weathering the Storm Using Relative Momentum
2nd place paper in the 2015 NAAIM Wagner Award competition exploring the use of relative momentum on U.S. Treasury investments to increase crisis alpha
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Can you avoid rising rates with high carry assets?
First: the takeaways Expected return for an asset class is
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risk budgeting
Risk Budgeting (with Spreadsheet)
Risk budgeting is the process of allocating portfolio weights to target a specific risk profile. We have included a spreadsheet that simplifies this process
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