Worried About Volatility? Go Global (Bonds)
Investors worried about interest-rate volatility should think hard about their commitment to the US bond market. And not just because US rates are poised to rise. Over the past quarter century, US fixed income has been more volatile than the hedged global bond market, often significantly so. But that’s not all: even US bonds’ volatility has been more volatile. Meanwhile, hedged global bonds have preserved more capital during down periods.
Michael Mauboussin: Challenges and Opportunities in Active Management And Using BAIT #MICUS
Michael Mauboussin's notes from his presentation at the 2020 Morningstar Investment Conference, held on September 16th and 17th. Q2 2020 hedge fund letters, conferences and more Michael Mauboussin: Challenges and Opportunities in Active Management Michael Mauboussin is Head of Consilient Research at Counterpoint Global in New York. Previously, he was Director of Research BlueMountain Capital, Read More
The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams.