Thomas W. Tobin

If you think portfolio risk management is just about diversification, think again. This article sheds light on some surprising strategies that challenge common perceptions. Here are some thought-provoking takeaways: - Did you know that reducing the number of investments in a portfolio can sometimes actually decrease risks? It's all about strategic selection. - Contrary to popular belief, actively managing risk doesn't necessarily mean more frequent trading. In fact, a hands-off approach can be a smart move. - One of the key points discussed is the importance of understanding the correlation between investments, a factor often overlooked in risk management strategies. - Asymmetric risk and the role it plays in portfolio management is explored, offering a fresh perspective on balancing risk and return. - Ever considered tail risk hedging? This article dives into this lesser-known strategy that can enhance risk management effectiveness. Share your thoughts and feelings on these unconventional risk management strategies. https://lnkd.in/ecgSpH93

What is Portfolio Rebalancing? Portfolio rebalancing and weighting are powerful risk management strategies and particularly relevant after large price moves in either direction.   https://lnkd.in/buihSvE

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Check out my macro notes just released:) Some interesting insights from the Snb and Norges decisions today along with thoughts on the S&P 500's outperformance in the last month against global asset classes. Enjoy:) https://lnkd.in/gcaEFYje

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[NEW REPORT] We are pleased to share the findings from the third annual CAIS-Mercer Alternative Investment Survey. The report uncovers insights from over 500 financial advisors exploring key themes such as current allocations across key alternative asset classes and expected adjustments over the next few years. Download the full report to discover the latest trends in alternative investing. bit.ly/49Gtprx #AlternativeInvestments #investing #WealthManagement #investments

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Fidelity Portfolio Manager Paul McElroy says that the recent surge in interest surrounding weight-loss drug manufacturers, especially those producing FDA approved GLP-1 treatments, may present an opportunity. Market-leading firms like Eli Lilly, with their robust portfolio of treatments, may be poised for significant growth. The market is slowly realizing the transformative potential of these treatments, not just in the health care sector, but also in influencing consumer behavior, potentially impacting consumer staples and discretionary companies. For example, apparel and footwear companies could experience sales growth as people embark on their weight-loss journey. Want to explore some other ideas? Read this new article by Paul McElroy to see where else he thinks opportunity lies: https://bit.ly/4beBkvf

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December indigestion caused by the Federal Reserve's comments today? The S&P was humming along until the FOMC cut 25 bps as expected, and the changes to the statement were trivial (although the vote to cut wasn’t unanimous). Chairman Powell wasn’t a reassuring voice at this meeting, and the market’s confusion led to hawkish projections and speculations for 2025. The S&P 500 closed at the day's lows, -3%. Capital flow was heavy at 145%. Today's move lower in the stock market was significant. We’re below the 50-day moving average for the first time since September. We’re not oversold (yet), and we’re (only) back at mid-October levels. From a technical standpoint, the rest of December should be a race for the exits….but dip-buyers will (most likely?) do their thing. It's worked for the last 12+ years, so why stop now? Considering today’s drop is rooted in a market unprepared for a Fed that wasn’t gung-ho with spiking the punch bowl a lot more, it could mean that once investors relax and think, they won’t believe this is all that bearish. If that’s the case, watch for an enjoyable bounce back. In summary, the fundamental landscape isn’t radically altered; however, the emotional landscape temporarily is.

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Thanks for having me Eagle Alpha team and for allowing me to share Vanda Research's tactical macro approach, as well as our latest insights on retail flows. #tacticalmacro #investing #retailflows #flowsandpositioning

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If you're looking to gain insight into the future of healthcare and biotech innovation, don't miss out on David Khougazian's interview. As an Executive Partner at Flagship Pioneering in Boston, David brings a wealth of experience to the table. In the interview, he discusses his international background, his passion for delivering meaningful differences for patients, and his unique approach to driving innovation in uncharted territories. Check out the full interview to learn more about how David operates "into the wild". 👉link in the comments #biotech #healthcare #innovation #sustainability #Boston

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What is Power-to-X and how can it fill the gaps in the renewable energy journey and help technologies extend into new sectors in the future? Read our latest digital article. #nuveeninfra

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[NEW REPORT] We are pleased to share the findings from the third annual CAIS-Mercer Alternative Investment Survey. The report uncovers insights from over 500 financial advisors exploring key themes such as current allocations across key alternative asset classes and expected adjustments over the next few years. Download the full report to discover the latest trends in alternative investing. bit.ly/4gqpUYZ #AlternativeInvestments #investing #WealthManagement #investments

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Please take a look at our timely content releases from Friday focusing on the 2nd order effects of AI and the current case for listed infrastructure. 1) Thank you Anthony Pastore for having me back on UBS Trending to revisit the evolving investment case for AI and the current opportunities in utilities, infrastructure, industrials and nuclear. https://lnkd.in/epRjvJWp 2) James Lydotes, CFA, Deputy-CIO and Lead PM of Newton's Infrastructure strategies, and I walk through the investment opportunity within listed infrastructure which offers instant access to infrastructure securities, liquidity, and pricing transparency, with similar risk-reward to private infrastructure the past decade currently trading at a relative discount. https://bit.ly/4ehhrpq Let me know if you have any questions or would like to discuss any of these topics further: #AI #electrification #deglobalization #utilities #industrials #nuclear #listedinfrastructure

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With over 9,000 ASCs in the U.S. and growing, the shift to outpatient surgery is accelerating. For ASC owners, incorporating high-demand spine procedures can boost profitability, offering significant cost savings and high-quality outcomes. NANISX offers a comprehensive suite of interventional spine procedures, helping ASC owners enhance their offerings and financial performance. #ASC #OutpatientSurgery #Orthopedics #HealthcareGrowth #NANISX #SpineSurgery #InterventionalPain #KICVentures #BackPain

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Investors prioritize outcomes, aiming for quality results while minimizing disappointments. How can we maximize our desired outcomes effectively? In the fixed income sector, the potential upside is known, and current yields offer more potential gains than in recent history. Learn about quality investing from Ben Hayward at TwentyFour Asset Management. Read more: https://bit.ly/3WRn1JB #Vontobel #FixedIncome

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"Conditional Betas": "Changing firm attributes and economic conditions lead to time-variation in betas... We compare several econometric or machine-learning methods...The 'individual LASSO'' method performs [best]." https://lnkd.in/erGHdbbM

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"We analyze the [equity] announcement risk premia on the US market between September 1987 and March 2023 and find that the market index exhibits average excess returns of 8.3 bps for macroeconomic announcement days." https://lnkd.in/ec9nRHxN

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Wellington Management is thrilled to have been named “LDI Manager of the Year” (mega category) by @CIO Magazine as part of their 2024 Industry Innovation Awards program. Director of Corporate Pension Strategies Ryan Randolph was honored to accept on behalf of our LDI team at the Awards ceremony in NYC. Learn more about this accomplishment and the Awards program here: https://lnkd.in/eRfRpwhT Wellington Management did not pay a fee to be considered for this award. Winners were selected by CIO Magazine after reviewing written submissions. The award winners were announced on December 10, 2024, a two-part submission was made on September 19, 2024 and was judged based on written responses about Wellington’s liability-driven investing business. Wellington Management was the only winner in the LDI (mega) category, which was judged based on CIO Magazine’s criteria. The award may not be representative of any one client’s experience. The award is not indicative of Wellington Management’s future performance. Past performance is no guarantee of future results. #LDI #CorporateDB #pensions

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Wellington Management is thrilled to have been named “LDI Manager of the Year” (mega category) by @CIO Magazine as part of their 2024 Industry Innovation Awards program. Director of Corporate Pension Strategies Ryan Randolph was honored to accept on behalf of our LDI team at the Awards ceremony in NYC. Learn more about this accomplishment and the Awards program here: https://lnkd.in/eZhpVE3v Wellington Management did not pay a fee to be considered for this award. Winners were selected by CIO Magazine after reviewing written submissions. The award winners were announced on December 10, 2024, a two-part submission was made on September 19, 2024 and was judged based on written responses about Wellington’s liability-driven investing business. Wellington Management was the only winner in the LDI (mega) category, which was judged based on CIO Magazine’s criteria. The award may not be representative of any one client’s experience. The award is not indicative of Wellington Management’s future performance. Past performance is no guarantee of future results. #LDI #CorporateDB #pensions

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