Alternative Links: Winton’s Milestone

Winton:

David Harding’s Winton Capital Passes $30 Billion for First Time – (Bloomberg)

Our Interview with David Harding – (Attains Alternatives Blog)

Managed Futures & Currencies:

The Almighty U.S. Dollar – (MorningStar)

Long the U.S. Dollar and Loving It – (Attains Alternatives Blog)

A Look a the Euro by the Numbers – (Attains Alternatives Blog)

Managed Futures Predictions:

5 Predictions for Managed Futures post 2014 – (CTA Intelligence)

Managed Futures 2014 Review & 2015 Outlook – (Attains Alternatives Blog)

Proprietary Trading:

Proprietary trading: truth and fiction – (Peter Muller)

Diversification:

Diversification Means Always Having to Say You’re Sorry – (The Investor’s Paradox)

Diversification Sucks – (Attains Alternatives Blog)

Commodities:

Commodities – Time To Start Reloading – (ValueWalk)

WHY IT’S A BOOM TIME FOR PALM OIL: INTERVIEW WITH CHONG KIM SENG – (Open Markets)

Robo-Advisors:

Broken Values & Bottom Lines – (Medium)

Alternatives:

Vanguard tiptoes into the liquid alternatives market – (Investment News)

Diversification Sucks

With US Stocks pushing up to new all time highs once again this week, we’re seeing more talk of going with simple over complex, just doing the basic 60/40 portfolio, and so forth. We’re seeing more of the feeling – “Diversification Sucks!  I would be waaaaaaaay better if was just 100% long US Stocks… or even better, 150% or 250% long.”

We had some clever things to say on this topic, but found the following post out there by James Osborne of Bason Asset Management (from a few months ago) which said it much better:

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Alternative Links: “We Basically Controlled the Oil World”

Crude Oil:

“We basically controlled the oil world,” said  Al Kaplan, former president of Phibro’s energy unit. Mr Kaplan. “It was quite amazing. We had very good people. There was no price dissemination, so we used to tell people what the price was.”

Rise and Fall of a Commodities Powerhouse – (FT)

3 reasons for oil’s crazy bounce – (MarketWatch)

7 Technical Indicators to tell when the Crude Sell Off is Done – (Attain Alternatives Blog)

Managed Futures:

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Pursuing Portfolio Perfection

It’s 5 years into the one of the biggest stock market bull runs of all time, and all looks fine for the aging bull even after this brief downturn in October.  For many, this has been a great run and they’ve been doing quite well during it. For many others, it’s been rather annoying, as their “smart” choice of diversification has under performed recently.

But here’s the deal – it’s not about beating the S&P 500. You’re on the quest to find a portfolio that best matches your needs before retirement. For some, that’s so far in the future, you’re not worrying about volatility. For some, it’s within reach, and you want to protect what you have before something bad happens. For some, you’re looking for something in between the two. So what’s your “Perfect Portfolio?” It’s not an easy question to answer, and many pros have tried (check out Meb Faber’s impressive list of asset allocation strategies and stats here). The basic portfolios to consider in our mind are the following:

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