Patient Capital Management: Equity valuations are approaching bubble like levels. As in every other period of excess, market sentiment is buoyed by proclamations of further gains and the fear of loss is replaced by the greed for more gains.
See full Vito Maida’s Patient Capital Management – Q2 2014 in PDF format here.
A decade ago, no one talked about tail risk hedge funds, which were a minuscule niche of the market. However, today many large investors, including pension funds and other institutions, have mandates that require the inclusion of tail risk protection. In a recent interview with ValueWalk, Kris Sidial of tail risk fund Ambrus Group, a Read More