White Papers & Case Studies
The Activist Edge
White Papers & Case Studies
Activists lead a very different style of investing, where they take large buy and hold positions of stocks to exert some external influence on the fundamental management of the companies in which they invest. This means that an activist investor potentially has more control over the outcome of their investment versus making a timing decision. This may have led to historically high batting ratios, which is the percentage of “winning” trades by profit and loss.
Common Pitfalls Advisors Should Avoid
White Papers & Case Studies
With a vast amount of investment products and strategies, it could be particularly tempting to combine together several strategies that look great hypothetically going backwards. While this can make some sense in a traditional “stock” and “bond” portfolio where the academic “non-correlation” of a “zigging” stock and a “zagging” bond becomes a trained assumption, a composition of different strategies and styles can introduce a lot more complexity...
Redwood Tactical High-Yield White Paper
White Papers & Case Studies
"Unique characteristics of the high-yield bond asset class that we believe facilitate a more accurate quantitative approach compared to other asset classes"
The Core Conundrum
White Papers & Case Studies
With the traditional view of core fixed income management quickly becoming antiquated in today's low yield environment, investors must look toward the future of core fixed income management.
Bull and Bear Beta – Analysis of Asymmetric Returns
White Papers & Case Studies
"Not only can beta be strikingly different in bull and bear periods, but employing Bull-beta and Bear-beta analysis can be a better approximation in measuring a tactical manager's sensitivity..."
Rising Rates and Bond Risk Case Study (2018)
White Papers & Case Studies
"On the face of it, a riskier asset class having lower volatility seems counterintuitive, but it can occur..."
ETF vs Mutual Fund Volatility in High Yield Bond Market
White Papers & Case Studies
In the high-yield corporate bond space, open-ended mutual funds have historically provided lower volatility without any sacrifice in return. This piece is intended to illustrate some important characteristics of ETF's and mutual funds in the high-yield corporate bond market.
A Case for Tactical High Yield
White Papers & Case Studies
A quantitative study on the day to day movement of the high-yield corporate bond market.

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