Macro and commodity traders offer effective downside protection. They act early as trends emerge across markets. The Crossbow Trading Portfolio has delivered strong results during past corrections.

A new study shows why U.S. pensions shifted from equities to alternatives: not risk appetite, but rising return expectations. Hedge funds stand out as the most dynamic allocation. Consultant views play a central role—making alternatives key to long-term diversification.

Matt Kavian challenges the myth of pure skill: it's not better signals, but better implementation that drives outperformance. His model shows how constraints, crowding, and market impact shape results—highlighting why smaller allocations often deliver more alpha.

Davor Cvijetic addresses the dilemma facing Swiss bond investors in a zero-rate world and presents a compelling alternative: a liquid, uncorrelated hedge fund portfolio designed to deliver stable returns without extending duration or taking on credit risk.

Stefan Steiner provides you an insight, why we think AI is in a bubble: soaring capex, artificial demand, distorted valuations, and unsustainable economics signal excess. The question is not if, but when the correction hits.

Tariffs, fragile data and geopolitics keep markets uneasy. David Friche explains why CB Global Trading keeps smiling—converting dislocations into convex, uncorrelated returns via active macro and selective strategies. Key takeaways: convex alpha, diversification, downside resilience.

Davor Cvijetić and Ivo Felder visited more than 20 managers in New York. Their discussions highlighted regime shifts, opportunities in healthcare, renewed convertible issuance, and evolving fund structures – offering valuable insights into today’s hedge fund landscape.

Stefan Steiner met 11 managers in Hong Kong: they remain constructive on Asia, highlighting China’s recovery potential, value in Japan, strong merger arbitrage dynamics, and regional inefficiencies. A surprise TWD move rattled markets, raising concerns about JPY or HKD volatility.

What Are Skilled Investors Buying and Selling?

Hidden Risks

How Global Macro hedge funds turn market shocks into opportunities – uncorrelated to equities and bonds.
Benefit from flexible strategies that create real value in volatile times.

What does the return to zero rates mean for CHF investors – and which alternatives can still deliver stable returns?
Find out why an active, liquid alpha portfolio makes all the difference now.

Davor Cvijetić met with nine Macro and Equity managers, discussing rate hikes, geopolitical risks, and defence spending, with positioning spanning selective equity longs and macro trades amid sticky inflation.

Unser Event „Märkte zwischen Politik und Fundamentaldaten“ war ein voller Erfolg – herzlichen Dank an alle Gäste und Referenten für das grosse Interesse, spannende Einblicke und den angeregten Austausch beim Apéro.

David Friche met with Macro, Commodity, and Digital Asset managers, focusing on US election scenarios, fiscal policy shifts, and inflation risks, while positioning varied from “Trump trade” strategies to long-term bearish views amid weak European and slowing Chinese outlooks.

Discover the 'Ten Common Mistakes Investors Make When Allocating to Hedge Funds' as identified by Francois-Serge Lhabitant. From misunderstood correlations to over-diversification, this guide helps investors avoid pitfalls and enhance their hedge fund strategies for better returns.

The CB Global Commodity Portfolio (USD) has outperformed the SG Commodity Trading Index and global equities over the past five years. With seven specialized managers and negative correlation to equities and bonds, it delivered strong returns in 2022. More managers will be added soon.

After years of stagnation, commodities are surging, driven by supply shortages, global shifts, and geopolitical tensions. Stefan Steiner explains how commodity trading strategies have outperformed, providing diversification and risk reduction, and why this trend is likely to continue.

Richard M. Ennis questions the myth of endowment exceptionalism in his study of 41 large US endowments (2009-2023). Despite claims of structural advantages, he finds a 0.9% annual underperformance, with 12 out of 15 years trailing a customized benchmark.

Passive strategies thrived with strong markets and low fees, but a correction could limit returns. Active products aren’t the solution—consider absolute return strategies for better performance.