- The Master of Long/Short: Deconstructing Steve Cohen's Approach to Equity Hedge Fund Strategy
A detailed breakdown of the long/short equity strategy, the bread and butter of Steve Cohen's hedge fund success.
alternative data·5 min read - The Dividend Factor: Analyzing and Trading CEFs for Income
For income-oriented investors, closed-end funds can be a rich source of dividends. This article examines how to analyze a CEF's dividend policy, the sustainability of its distributions, and how to trade CEFs for income.
alternative data·7 min read - Beyond the Discount: Trading Corporate Actions in Closed-End Funds
An in-depth analysis of how to trade corporate actions in closed-end funds, including tender offers, rights offerings, and liquidations. This article provides a framework for evaluating the profitability and risks of each type of event.
alternative data·8 min read - The Future of Closed-End Funds: New Structures and Strategies
The closed-end fund industry is constantly evolving. This article explores the latest trends and innovations in the CEF space, from new fund structures to new investment strategies, and what they mean for traders.
alternative data·7 min read - A Trader's Guide to the Risks of CEF Investing
Closed-end funds offer unique opportunities, but they also come with a unique set of risks. This article provides a comprehensive overview of the risks that CEF investors face, from discount risk to leverage risk to management risk.
alternative data·7 min read - The Double-Edged Sword: Understanding and Trading Leveraged CEFs
Leverage can amplify both gains and losses in closed-end funds. This article explores the mechanics of leverage in CEFs, its impact on discounts and volatility, and provides strategies for traders to manage the associated risks.
alternative data·7 min read - Beyond the Narrative: Quantitative Strategies for REIT Trading
Move beyond qualitative analysis with this guide to quantitative REIT trading. Learn to develop data-driven strategies using factors like value, momentum, and quality to identify systematic trading signals and gain a competitive edge.
alternative data·7 min read - Amplifying Returns and Managing Risk: An Advanced Guide to Trading REITs with Options
Demystify REIT options with this advanced guide. Learn to use calls and puts for bullish and bearish strategies, generate income with covered calls, and manage risk to enhance your trading performance.
alternative data·7 min read - Infrastructure Debt: A Defensive Fixed-Income Alternative with Equity-Like Upside
A detailed analysis of infrastructure debt as a distinct asset class. This article covers credit analysis, covenant structures, and the potential for capital appreciation, providing a guide for fixed-income investors seeking diversification and enhanced returns.
alternative data·8 min read - Due Diligence in Litigation Finance: A Forensic Approach to Vetting Opportunities
Thorough due diligence is the bedrock of successful litigation finance investing. This article outlines a forensic approach to vetting opportunities, covering the three pillars of legal merits, damages, and collectability.
alternative data·7 min read - Deconstructing Public-Private Partnership (PPP) Structures in Infrastructure
A detailed examination of the financial structures and risk-sharing mechanisms of Public-Private Partnerships (PPPs). This article provides traders with a guide to evaluating the investment potential and inherent risks of PPP projects.
alternative data·8 min read - Secondary Markets for Litigation Finance: Opportunities and Risks
The emerging secondary market for litigation finance claims offers new liquidity options for funders. This article analyzes the opportunities and risks for both buyers and sellers, and the complexities of pricing and structuring these transactions.
alternative data·7 min read - Calculating Alpha: Advanced Return and Risk-Adjusted Metrics in Litigation Finance
Simple ROI is insufficient for evaluating litigation finance investments. This article introduces sophisticated risk-adjusted performance metrics such as the Sortino and Calmar ratios, and discusses the challenges of benchmarking in this opaque asset class.
alternative data·7 min read - The Endowment Model for the 99%: Practical Challenges and Feasible Alternatives
An honest assessment of the difficulties smaller institutions and individual investors face when trying to replicate the endowment model. We explore the barriers of high minimums, access to top-tier managers, and the true cost of illiquidity, while proposing more practical, alternative strategies.
alternative data·9 min read - Lease Rate Factor (LRF) Arbitrage in Cross-Border Aircraft Leasing
An examination of the opportunities for arbitrage in lease rate factors (LRFs) across different legal and tax jurisdictions. The article details the structuring of cross-border leasing transactions to exploit discrepancies in depreciation schedules, withholding tax rates, and currency fluctuations.
alternative data·8 min read - The Role of Power-by-the-Hour (PBH) Agreements in Engine Leasing
An in-depth look at power-by-the-hour (PBH) agreements in the context of engine leasing. The article explains how these agreements work, their advantages and disadvantages for both lessors and lessees, and their impact on the valuation of engine assets.
alternative data·8 min read - Understanding the Tax Implications of Life Settlement Investments
This article provides an in-depth analysis of Understanding the Tax Implications of Life Settlement Investments, offering expert insights and practical applications for seasoned traders and investors in the life settlement market.
alternative data·2 min read - Navigating the Complexities of Aircraft Repossession
A legal and practical guide to the process of repossessing a commercial aircraft. The article covers the legal framework for repossession, the practical challenges involved, and the strategies that lessors can use to protect their interests.
alternative data·8 min read - Ethical Considerations in the Life Settlement Market
This article provides an in-depth analysis of Ethical Considerations in the Life Settlement Market, offering expert insights and practical applications for seasoned traders and investors in the life settlement market.
alternative data·2 min read - Calculating IRR in Life Settlements: A Practical Guide for Investors
This article provides an in-depth analysis of Calculating IRR in Life Settlements: A Practical Guide for Investors, offering expert insights and practical applications for seasoned traders and investors in the life settlement market.
alternative data·2 min read - Future Trends in the Life Settlement Market: What Investors Need to Know
This article provides an in-depth analysis of Future Trends in the Life Settlement Market: What Investors Need to Know, offering expert insights and practical applications for seasoned traders and investors in the life settlement market.
alternative data·2 min read - Detecting and Avoiding Fraud in Life Settlement Investments
This article provides an in-depth analysis of Detecting and Avoiding Fraud in Life Settlement Investments, offering expert insights and practical applications for seasoned traders and investors in the life settlement market.
alternative data·2 min read - End-of-Lease (EOL) Transition Management for Lessors
A practical guide for lessors on managing the end-of-lease (EOL) transition process. The article covers the key steps involved, from the initial inspection of the aircraft to the negotiation of the return conditions and the remarketing of the asset.
alternative data·7 min read - Viatical vs. Life Settlements: A Comparative Analysis for Investors
This article provides an in-depth analysis of Viatical vs. Life Settlements: A Comparative Analysis for Investors, offering expert insights and practical applications for seasoned traders and investors in the life settlement market.
alternative data·2 min read - Modeling Maintenance Reserves in Aircraft Lease Agreements
A technical guide to the modeling and negotiation of maintenance reserves in aircraft lease agreements. The article covers the calculation of reserve rates for airframe, engines, and other major components, as well as the structuring of payment and drawdown schedules.
alternative data·7 min read - Valuing Aircraft Asset-Backed Securities (ABS)
A comprehensive framework for the valuation of aircraft asset-backed securities (ABS). The article details the process of analyzing the underlying collateral, forecasting cash flows, and applying appropriate discount rates to determine the fair value of the securities.
alternative data·9 min read - The Securitization of Life Settlements: Opportunities and Risks
This article provides an in-depth analysis of The Securitization of Life Settlements: Opportunities and Risks, offering expert insights and practical applications for seasoned traders and investors in the life settlement market.
alternative data·2 min read - Sovereign Wealth Funds as Catalysts in Private Equity and Venture Capital Allocation
Sovereign Wealth Funds (SWFs) have transformed private equity and venture capital markets by providing scale, patient capital, and strategic influence. This article examines their allocation strategies, risk-return profiles, and impact on fund dynamics with empirical examples and quantitative insights.
alternative data·9 min read - Royalty and Streaming Agreements: An Alternative Way to Invest in Mining
An in-depth look at royalty and streaming agreements as an alternative investment vehicle in the mining sector, including their valuation and associated risks.
alternative data·9 min read - Benchmarking the Unbenchmarkable: A Guide to Performance Measurement for Alternative Investments
Alternative investments, such as private equity, hedge funds, and real estate, have become an increasingly important part of institutional portfolios. However, the unique characteristics of these asset classes make them notoriously difficult to benchmark. Unlike traditional stocks and bonds, which are traded on public exchanges and have readily available price data, alternative investments are often illiquid, opaque, and have long investment horizons. This makes it challenging to construct a mea
alternative data·3 min read