Stumbling Giants

3rd March 2016

Look out for George Cadbury’s Stumbling Giants article on Pensions Management Institute, where you can also download the PDF version.

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Annual Letter

3rd March 2016

The course of investment markets over 2015 was volatile, and their path at the start of this year has been even more turbulent. In such an unsettled environment, it is easy to let emotions take over and fall into the trap of believing that the world is falling apart.

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The ‘Perverse’ Investment Consulting Industry

24th November 2015

An article in FTfm yesterday entitled ‘Perverse’ consulting sector slammed highlights the anti-competitive practices of the big three consultancies and the resulting damages caused.

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MLPs: Has the Baby Been Thrown Out with the Bathwater?

20th November 2015

Until about a year ago, investors were clamoring to invest in Master Limited Partnerships (“MLPs”). These companies, which engage in the transportation, storage, processing, and production of natural resources, stand to profit from the energy renaissance taking place in the U.S.

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The Endowment Model Still Works

30th October 2015

Yale’s investment office, the progenitor of the formerly ballyhooed and more recently maligned “endowment model,” recently released results for their fiscal year 2015, which ended on 30th June.

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Fundamentals for the Long Term

22nd October 2015

Sometimes even Cassandra catches a break. Two years ago we warned of the dangers of ‘risk parity’, an investment approach balancing portfolio allocations by risk before leveraging up the result, and with recent market stress it has been back in the headlines

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Why We Are Optimistic

4th September 2015

Unless you spent the last weeks of August languishing on a remote island, disconnected from the world (which some of you actually might have been), you are aware of the recent spike in market volatility

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Is There a Negative Relationship Between Hedge Fund Size and Performance?

21st July 2015

Earlier this year, Gatemore commissioned Cass Business School to conduct the most comprehensive study to date on the relationship between hedge fund size and performance.

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Illusion of Control

28th May 2015

"Being on a hot streak is one of the most dangerous things that can happen to a professional or individual investor”: these counterintuitive words are a key takeaway from a recent Wall Street Journal piece on the illusion of control and the importance of staying grounded in the face of investment success.

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The New Paradigm in Oil

27th April 2015

An April 22nd article in the New York Times entitled “New Balance of Power” details the waning influence of OPEC on world oil prices and the rising primacy of market forces, declaring that “the United States is overtaking the Organization of the Petroleum Exporting Countries as the vital global swing producer that determines prices.”

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