Downside protection

Investor appetite for hedge funds has picked up at precisely the right time

From individual investors all the way to multi-strategy hedge funds, anyone operating in a multi-asset context must be aware of tail risks.

In an environment of heightened market uncertainty and volatility, investors need to consider the portfolio guardrails they have in place to help withstand market...

“Rule number 1: never lose money. Rule number 2: never forget rule number 1” – Warren Buffett In times of heightened market and economic uncertainty, investors must...

While it may not feel like it, the market drawdown this year has been relatively calm and orderly, at least in so far as the foremost equity ‘fear gauge’ is...

Inflation is increasing rapidly around the world, with Australian consumer price inflation hitting its highest level in more than 20 years at 5.1%. In response,...

“Inflation is not a problem.” That seems to be what the bond market is saying, an important bellwether as bonds are particularly ill-disposed towards bouts of...

Global equities are setting new record highs while the world economy is on its knees. This divergence has many investors concerned about market valuations and taking...

“Time in the market beats timing the market – almost always.” - Ken Fisher The idea of being able to time the market is emotionally appealing. After every significant...

Following on from my recent note “The Upside of Diversification” (available on the Koda Capital Insights page here), I want to now turn to a related theme that is also...

Today I wanted to provide some depth on how we use VIX products to manage risk in The Vega Fund portfolio. As far as we know, we’re the first fund in Australia to...

As Peter Lynch once famously said “You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t...