Category: Insights
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Asset Allocation 201: Synthetic vs. Strategy Replication
In the early 2000s, several firms attempted to synthetically replicate hedge fund indices using statistical modeling and liquid ETFs. The problem? They reverse-engineered the risk/return profile but not the underlying investment strategy. The results looked good on paper—until the global financial crisis hit. When markets turned, these models failed to…
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Third Wire Counterweight Newsletter: January 2025
To subscribe to our newsletter visit us on LinkedIn: Well, here we go – 2025! 🙂 Last month, I shared a link to a conversation I was fortunate to have with William J. Kelly, CAIA (former CEO of CAIA Association, Congrats on the retirement!!!) and Andrew Akers, CFA from PitchBook. True…
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Third Wire Counterweight Newsletter: December 2024
To subscribe to our newsletter visit us on LinkedIn: Happy Holidays! As we wrap up 2024, I hope you’re planning some well-deserved time with family and friends. We’re cooking up some great things to kick off 2025, so we’re a little swamped, but we will definitely enjoy a little R&R to…
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Industry Perspective: A Candid Conversation About the Future of Private Equity – Evolution, Revolution, or Replication?
Listen to the full discussion here: The transcript below has been edited to improve readability. Introduction While the broader private equity industry is seemingly united in its continuing push around ‘democratization’ and ‘evergreen’ funds, we believe the real story about the best way for individuals to access the Private Markets…
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Third Wire Counterweight Newsletter: November 2024
To subscribe to our newsletter visit us on LinkedIn: You know what keeps me up at night? 🙂 Actually, not much keeps me up at night. I sleep like a baby. But it did seem like a dramatic way to introduce our latest (and first) paper, The ‘Problem’ with Alternative Investments.…
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Third Wire Counterweight Newsletter: October 2024
To subscribe to our newsletter visit us on LinkedIn: I’ve been sitting here thinking about what to cover in this month’s introductory letter. I’m having the semblance of an idea for a longer thought piece: goals-based asset allocations vs. liquidity (or lack thereof). How can illiquid investments, over time, complicate the…
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Paper: The ‘Problem’ with Alternative Investments.
This shift marks a fundamental change in how many firms believe your clients should approach risk, return, and diversification in modern portfolios.
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Third Wire Counterweight Newsletter: September 2024
To subscribe to our newsletter visit us on LinkedIn: You know what grinds my gears? What gets my goad? What really chaps my hide? You want to watch me go from zero to livid in like 3 seconds flat? Let’s talk about fees for alternative investments. I recently did a quick…
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Asset Allocation 201: Fees—The Silent Performance Killer
Helping clients create the financial future they desire requires more than just selecting the right investments. With the growing push to “democratize” alternative investments, investors are increasingly attracted to these products. However, an often-overlooked aspect is the profound impact that fees can have on overall performance. Successfully investing in alternative…
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Third Wire Counterweight Newsletter: August 2024
To subscribe to our newsletter visit us on LinkedIn: Well, folks, it’s been quite a month, hasn’t it? B-Boys and B-Girls in the Olympics. Major changes on the campaign trail—fingers crossed that we’re not just rearranging the deck chairs. And, like many others, we had CNBC running in the background most…