Live research from the Relevance archive.
Original analysis on credit, allocation, and the structures behind institutional portfolios.
When the Illiquidity Premium Shrinks Private vs Public Credit
What Tighter Spreads and Rising Risks Reveal About Today’s Trade-off Private credit’s remarkable growth phase appears to be stabilizing.
Read articleResearch NoteThe Secret to Beating your Portfolio Benchmark
The Secret to Beating your Portfolio Benchmark Much has been written about the challenges active managers face in outperforming market
Read articleResearch NoteImproving Active Investment Performance
The beginning of the year is a natural time to assess investment success. Some strategies will have done better than
Read articleResearch NoteAre More Options Better? For Skilled Alternative Managers, Yes.
By now many, if not all professional Canadian investors have heard of AT1 bonds or Limited Recourse Capital Notes, as
Read articleResearch NoteAre you Buying Fair Assets at Wonderful Prices or Wonderful Assets at a Fair Price? A fixed income perspective.
The world of investing would be a wonderful place if we could do the same thing year in and year
Read articleResearch NoteAlternative Manager Selection – What to look for?
The case for and use of alternatives is well established and allocations are rising. Many factors are contributing to the
Read articleResearch NoteThe Canadian Mortgage-Backed Risk Myth
Many Canadians are no stranger to debt. Canadian debt levels are among the highest in the world with household debt
Read articleResearch NoteWear a Mask if you Invest in Crowded Spaces
Do markets look expensive or attractive? How much risk should one take and where? A recent piece, Coming into Focus,
Read articleResearch NoteRise of the Zombies….Are they Creeping into Portfolios?
Zombie companies are companies that are no longer viable businesses but have been able to survive on the abundance of
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The thinking behind the allocations.
Quarterly research notes for institutional allocators.