Global Value and Income Dispatch

Strategies for the next market and on being greedy when others are fearful

  • Giorgio Caputo
  • Robert Hordon
  • Adam Gittes
01 Feb 2019
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View PDF   Download PDF  
  • Why markets are different these days and why investors must adapt to the ‘next market, where liquidity can be illusory and fleeting.
  • Our flexible investment strategy across credit and equities can capitalize on market dislocations, like the one seen in Q4.
  • We took advantage of market stress and deployed roughly 1,000 basis points into equities, ending the year with an equity exposure in the Fund of above 50%.  


The views expressed are those of the portfolio manager as of January 2019, are subject to change, and may differ  from the views of other portfolio managers or the firm as a whole. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice.

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