The Evolving Landscape of Fixed Income Investing
Ardea IM explore how relative value can add diversification to core investment grade credit portfolios by adding to relative value with uncorrelated returns and effective portfolio diversification.
Insights
Rethinking Portfolio Diversification: Why Relative Volatility Outweighs Correlation
Dr Laura Ryan’s research challenges the traditional reliance on correlation for diversification, emphasising that relative volatility and volatility predictability are more critical metrics for effective risk reduction.
Protection from ‘unknown unknowns’
Named after Janus, the Roman god often depicted with two faces (one that looks to the past and one to the future), January is the month of new beginnings. The month we put lessons from the past year into action and the month we navigate the economic predictions for the year ahead.
Restoring (and retaining) balance
With Trump trades flooding the equity market in the run up to the US elections; a sell-off in the treasury markets since then; and Bitcoin hitting an all-time high this month, it is fair to say, that for some investors at least, the last few months have been a bare-knuckle roller-coaster ride. In a quest […]
Balancing Opportunity and Risk: Navigating Corporate Bonds in 2024
A common theme in 2024 has been ongoing demand for corporate bonds. As to be expected, institutional investors have favoured higher quality investment grade bonds, but demand for sub-investment grade (high yield) and private credit has also been strong.
Balancing Opportunity and Risk: Navigating Corporate Bonds in 2024
A common theme in 2024 has been ongoing demand for corporate bonds. As to be expected, institutional investors have favoured higher quality investment grade bonds, but demand for sub-investment grade (high yield) and private credit has also been strong. Perhaps this should be of no surprise. Interest rates have peaked in the developed world and […]
The Capital Preservation Characteristics of Ardea IM’s Pure Relative Value Strategy
Financial markets are at an interesting juncture, with equity indices at an all-time high and forecast central bank cuts promising relief to wary fixed income investors. Inflationary pressures are moderating, and fears of a major economic downturn seem to have evaporated. For many, the much-desired Goldilocks scenario appears to be playing out. However, every major […]
Troubled times ahead?
The saying that all good things must come to an end is a bittersweet reflection of reality.
Finding Alpha Podcast | Amplifying the diversification benefits of Fixed Income
Given the uncertainty created by a looming US election, interest rate expectations constantly readjusting and geopolitical risks, having additional sources of diversification in portfolios can provide protection during periods when volatility spikes and markets are stressed.
Livewire ‘The Pitch’ with Gopi Karunakaran
This month Gopi Karunakaran caught up with Hans Lee from Livewire Markets for a deep dive into the world of Relative Value investing.