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SPOTLIGHTTAP THE EXPERTSLEARNING RESOURCES

A 60% stock / 40% bond portfolio has been generally accepted as the standard allocation for many decades.  For the most part, it has served the investment community well as solid gains from its widely used benchmarks, the S&P 500 and the Barclays US Aggregate Bond Index (“AGG”), resulted in the 60/40 model outperforming most mutual funds and hedge funds.  However, as we look forward, there are several challenges facing the traditional 60/40 model.  In fact, its risk/return profile is likely to be less attractive than several other portfolio structuresread more

Steve Wachtel, CFA

Portfolio Manager

Portfolio Manager 

Looking Beyond the 60/40 Portfolio

February, 2017

In an environment of rising rates and stock prices, like the one we’re currently in, convertibles help minimize downside risk while participating in the upside of the stock market. SSI’s Portfolio Management team walks investors through the details of convertible strategies and their significant diversification benefits for both stock and bond investorsread more

The Forecast for Interest Rates is Changing. Is it time to add Convertible Bonds?

May, 2017

The outcome of the November 2016 Election reshaped expectations of economic growth, leading to an investor repositioning commonly referred to as “The Trump Trade”. Although US and Global Economic Indicators started to bottom out in the middle of 2016, positioning for an accelerating US economy really gathered momentum after the election. Expectations of a large fiscal stimulus, deregulation and infrastructure spending shifted prospects for economic growth into a higher gear, leading to a sharp steepening of the yield curve (10 year treasury yield –2 year treasury yield) read more

Ravi Malik, CFA

Ravi Malik, CFA

Portfolio Manager, Principal


Portfolio Manager 

The Great Unwinding of “The Trump Trade”

June, 2017

George Douglas, CFA

Chief Investment Officer

As alpha becomes increasingly scarce to find in the hedge fund space, the inclusion of a convertible arbitrage component to a portfolio can help reduce the risk of alpha shortfall.  Here are some elements to help you understand and explain the logical math behind why convertible arbitrage deserves serious consideration for inclusion in portfoliosread more

George Douglas, CFA

The Return Composition of Convertible Arbitrage and why it Matters

July, 2017

CONVERTIBLES: 2017 Mid-Year Review and  Market Outlook

July, 2017

On January 9th, 2018, George M. Douglas, CFA, SSI’s Chief Investment Officer, will be speaking at the Opal Public Funds Summit held in Scottsdale, Arizona. He will be part of the panel discussing Investing in Niche Strategies. Please see some of his remarks and reflections for 2018 here…read more

Ethan Ganz

Ethan Ganz

Associate Portfolio Manager

Ravi Malik, CFA

Ravi Malik, CFA

Portfolio Manager, Principal


Portfolio Manager 

George Douglas, CFA

Chief Investment Officer

SSI Hedged Convertible Opportunity Strategy 2016 Performance & 2017 Outlookread more

George Douglas, CFA

George’s Corner: Reflections on 2018…

December, 2017

Steve Wachtel, CFA

Portfolio Manager

Portfolio Manager 

What Could Go Wrong?

January, 2018

Earnings are accelerating, global economic growth is booming, central banks are still relatively accommodative, and there are no immediate geopolitical risks, but it still pays to be prepared…read more

2017 brought into focus the likely prospects of dramatic corporate tax relief, deregulation and expansionary fiscal policy. Actual progress on deregulation and the tax reform ignited the animal spirits. Against a backdrop of what was a synchronized global acceleration in economic activity, earnings surprises turned strongly positive. Prospects seem likely for three and possibly four additional Fed Funds rate hikes in 2018.  With their unique combination of fixed income and equity attributes, convertibles appear well poised to navigate the market environment ahead and benefit from the imminent volatility read more

Ravi Malik, CFA

Ravi Malik, CFA

Portfolio Manager, Principal


Portfolio Manager 

Convertibles: 2018 Market Outlook

January, 2018

Convertibles may clear the air on what to invest in next considering that high level views are divided on the likelihood and timing of the next recession, and thus recommended portfolio actions are unclear…read more

Ethan Ganz

Portfolio Manager

George Douglas, CFA

Resilience of Convertibles in Economic Recessions

October, 2017

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