Posts Categorized: Investing

With the flurry of recent political advertisements on TV, Manole Capital Management wanted to write a note outlining our short and long-term perspective on the market

Bank and electric utility stocks fit very well together in a portfolio because they are both sensitive to changes in interest rates, but in opposite ways. More specifically, bank and utility stocks move in opposite directions to changes in interest rates – banks generally respond positively to a rise in interest rates, while utility stocks respond negatively – producing a natural hedge

A bond allocation is like a railroad. Credit is the locomotive that generates high returns, duration the track that keeps the train in line. Take the track away and you risk running your portfolio into the ditch. That’s why duration-hedged credit strategies are dangerous

Capital-raising is a major hurdle for hedge funds and other alternative asset managers. Without AuM, fledgling managers with considerable talent are weighted down by the significant working capital requirements of managing an investment advisory business in an ever-more competitive and highly regulated industry. Yet, amid an increasingly challenging environment, top managers have been able to marshal high expectations of future performance – both in asset management prowess and fundraising ability – to address this problem and secure their best chance at future success by entering into a seed deal