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The following pieces reflect thoughts and perspectives that we found to be insightful.

Algebris Investments - The Silver Bullet September 2020

Algebris Investments, The Anti-Bubble Portfolio September 2020

With negative real rates on government debt, fat tails in volatility and liquidity and positive correlations between risky and risk-free assets, investors need to re-think portfolio construction. The recent experience of markets has taught us a few lessons. The first is to use a barbell strategy. ...

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Jericho Capital

Jericho Capital, 1Q 2020 Quarterly Review and Outlook, Excerpt

The first three months of 2020 presented difficulties that were unlike any other, and though we were relieved to have navigated the volatility as we did, it gave us little comfort knowing the tremendous and indiscriminate toll COVID-19 had taken, and will continue to take, on people the world over....

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Bristol Gold Group

Bristol Gold Group, Moral Hazard, July 2020

In our March report, we outlined the breadth and depth of the early-2020 financial-market collapse and detailed the unprecedented scope of U.S. monetary and fiscal policy response. In our April report, we examined performance and prospects for gold equities. In this report, we present our perspectiv...

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