An alpha of +3.5% during 4Q24. CY25 will reward prudent risk control unlike over the last few quarters. Read our Investor Note for more.

A few names surfacing in our Top Holdings, including a tactical hedge for the high uncertainty market setup. More in the 3Q24 Investor Note.

It's Nvidia's playground and we are all playing in it. Over the last 6 months, roughly 60% of the S&P 500 returns have been driven by 5...

Our Fund is off to a steady start in what promises to be an interesting year on the macro front. Please review the 1Q24 Factsheet for more.

After being flat from 24Jan23 to 31Oct23, the ACWI sprinted after listening to Mr. Powell. We walked but clearly not fast enough.

An economic season transition is unfolding in plain sight. Yet many investors remain in denial. Moderate for more remains our mantra.

Invert, always invert. In a world craving artificial, we prefer being real. That's 2Q23 in a nutshell.

1Q23 just flew by! But I'm not eager to fly just yet. Let's just say we are gliding slowly and smoothly, balancing the yin and the yang....

For capital market investors, 2022 was painful. The global stock and bond markets witnessed nearly $35 trillion vaporize during 2022 -...

As anticipated, it's turning out to be a test of patience for global market participants. Amidst the volatility and carnage, we have a...

1H22 is over. And it's more of the same at Mash. The carnage continues and so does our wait (I have no interest whatsoever in trying to...

As Munger says, it's waiting that helps you as an investor and most just can't stand to wait. Well, we waited and got rewarded. Once...

Defense was the keyword during 2H21 and remains so for 1Q22. Please review What am I thinking? and What were you thinking? for a broader...

We are halfway through 2021. Alpha and Beta on portfolios and Delta on COVID variants seem top of mind. Sharing a Global Multi-Asset...

In the process of increasing our allocation to "real assets" and "alternatives". Sharing the Global Multi-Asset allocation as of 31Mar21.

2020 is behind us. How are we positioned for 2021? Sharing a Global Multi-Asset allocation as of 31Dec20 along with updated performance...