The Hedge Fund Journal

July 25th, 2020

The End of The Golden Era for Risk Parity

Investors will face muted returns for the next decade. 

Forbes

March 23rd, 2020

Coronavirus Strikes A Deadly Blow To Risk Parity

Risk Parity was dealt a heavy blow underperforming a more traditional 60/40 diversified portfolio allocation since January 2020. Risk parity managers claim that the strategy performs well in all major economic environments. So why is it performing so abysmally now?

Marto Real Time Update

March 9th, 2020

Developed Markets Strategy

At this point we would use the extreme levels to get closer to flat risk and look for tactical opportunities to trade while biding our time on clarity of direction. 

Marto Real Time Update

February 26th, 2020

Developed Markets Strategy

Consistent with our view entering 2020 that risk assets were more fully priced than not, we have been advocating maintaining a risk-off portfolio principally comprising trades where we felt the cost of being wrong carried limited downside.

Forbes 

April 25th, 2019

3 Reasons Why Gold Will Outperform Equities And Bonds

Historically, gold’s early use cases revolved around money – a form of “medium of exchange”. After the second world war however, several countries and their respective currencies, started to shift away from the gold standard and migrated towards a fiat currency system.

Forbes 

November 8th, 2018

Market Indicators That Foreshadow the Next Recession

One of the leading indicators foreshadowing the next recession is a break in market correlations. Correlations are inherently unstable and when economic and political uncertainty rises, using static correlation analysis is not adequate.

Forbes 

April 18th, 2018

5 Reasons Why Now Is A Good Time To Buy U.S. Equities

Between a potential trade war with China on the horizon, military and geopolitical conflict in Syria, and a multitude of events and uncertainty surrounding the Trump administration, investors have been wary of a potential market sell-off that hasn’t arrived.

Forbes 

January 26th, 2018

Volatility And Uncertainty: Is 2018 The Year For Macro Investing?

Previous year volatility, as measured by the standard deviation of daily market price movements in equities, bonds and other asset classes, remained at very low levels compared to historical norms.

Institutional Investor 

April 11th, 2016

Asset Managers, Prepare to Have Your Business Disrupted

The combination of new technologies and shifting demographics and client needs is bringing a sea change to the asset management industry.

Forbes

July 15th, 2020

Parking Is Dead. Long Live Parking

I had the pleasure to speak with Gianni Maxemin, an experienced technology entrepreneur. He is currently the CEO of PiedParker and previously worked at Hearst Media and Google’s Launchpad. We talked about the parking industry in today's world of Covid-19 and the new forms of parking technology.

Forbes

March 12th, 2020

2020 Bear Market Demystified in Bullet Points

2020 Bear Market is the largest since 2008. Today stocks plunged even as Central Banks stepped in. The S&P 500 shed 10% falling into Bear Market and bringing the total decline to 26% since January. The cause is twofold: market panic due to the COVID-19 pandemic and Russia-Saudi Arabia oil price war.

Forbes

March 4th, 2020

4 Reasons Why Investors Should Not Panic And Buy The Equity Dip

There have been very few corrections during the last decade when investors could have jumped in. We believe that the uncertainty around the coronavirus scare will create short-term market volatility and further opportunities for investors to buy the dip.

Forbes 

February 26th, 2020

The Economy Strikes Back Against Coronavirus

The increased probability that the coronavirus has escaped its China quarantine to become a global pandemic halted equities seemingly unstoppable rally. Yet Noah Kindler, a Silicon Valley-based entrepreneur is optimistic about the global economy’s ability to adapt to the threat.

Forbes

January 27th, 2019

A Toothless FAANG

Technology has formed the bedrock of the 21st century. It has reshaped our daily lives and captured our imaginations. Not surprisingly, tech has become the growth engine of equity markets. In the 1990’s, IT stocks reflected less than 10% of the S&P 500’s market capitalization.

Forbes

September 9th, 2018

What Assets to Buy During the trade War With China

The impact of the trade war appears to have largely been incorporated into the pricing of certain assets. While we believe that the trade conflict with China is set to escalate before the mid-term elections in the US.

Forbes 

April 9th, 2018

Digital Currency Economy: What Is The Future Of Your Bitcoins?

Spectacular gains of over 3000% in 2017 followed by spectacular volatility in 2018 make this asset class stand out. On one side, digital currency libertarians and techies herald the arrival of financial freedom from the establishment

Forbes 

January 9th, 2018

European And Canadian Rate Markets Outlook

Currently, one of the largest positions in our portfolio is a short in the European long-dated bonds, concentrated in German government bonds.

Forbes

July 2nd, 2020

Return Of The Airport: What Airports Invest In To Survive Covid-19

Brian Cobb, whose job is to envision the future for aviation and to implement progressive, yet effective solutions, shared his perspective of the challenges airports are facing due to the Covid-19 pandemic and the investments they are making in order to make flying safe again.

Forbes

March 11th, 2020

US Treasuries Are Not a Safe Haven in a Bear Market

In a bear market, traditionally investors have flocked to US Treasuries which historically have been inversely correlated to equities - when stocks fall, bonds appreciate. However, in the 2020 bear market, bonds are no longer an attractive safe haven for investors.

Marto Real Time Update

February 27th, 2020

Developed Markets Strategy

Consistent with our view entering 2020 that risk assets were more fully priced than not, we have been advocating maintaining a risk-off portfolio principally comprising trades where we felt the cost of being wrong carried limited downside.

Forbes 

January 17th, 2020

Five Macro Themes for 2020

The markets are entering 2020 on the opposite footing to where they were a year ago. In our fundamental view, asset prices are more fully priced as risk premiums are highly compressed precipitating a cautious position and an active relative value structuring and trading approach.

Forbes

November 28th, 2018

The Trade Of The Decade: Betting On Bitcoin

Despite this year’s bloodbath in the crypto-asset space, the industry will likely still generate considerable investor surplus in the long-run.

Forbes 

June 27th, 2018

Market Turbulence Creates Long-Awaited Opportunity For Macro Investors

The timing for hedge funds might have finally come. In recent years, hedge fund performance has been disappointing investors.

Forbes 

February 12th, 2018

What Caused The Equity Market Sell-Off And How To Protect Your Portfolio

After an 19.4% rally last year and a head spinning 4.8 % appreciation in January, the S&P dropped by 6.2% in three days whiling the January gains. 

Institutional Investor

June 21th, 2016

The 2016 Hedge Fund Rising Stars: Katina Stefanova

Marto Capital founder, CEO and CIO Katina Stefanova was bitten by the entrepreneurial bug at an early age.