Newsletter 2015

(click title to download)

Date  Title Description
December, 2015

Explains cycles of investing performance and the interaction with investor psychology.  Also discusses Bond Market volatility and Quantitative Investment Strategy Test Results.

September, 2015

Analysis of Long Term Income portfolio performance. Plus a discussion of Market Cycles, Valuations and the Price of Risk.

June, 2015

Analyses the factors impacting fixed income strategies over the last 12 months.  Plus a performance review for the Long Term Value strategy and a note on deflation pressure from China.

March, 2015

Applies game theory to analyze the dynamics of the oil market. Plus a performance review for the Short Term income strategy.