Chronicles: Issue 12, February 2021

Welcome to February’s edition of Chronicles.

A sense of desperation is rising for those investing on both sides of the traditional 60/40 split, as public equities (at least partially spurred by “meme stock” speculation1) continue to set lofty all-time records and as bond yields (while gradually creeping upward2) remain historically low. Amid previous market environments, investors looked toward niche alternatives as risk-on sources of alpha. Today, certain under-the-radar alts asset classes may also fulfill the roles once reserved for traditional fixed income: diversification, cash yields, and capital preservation. In this issue of Chronicles, we feature some of the newer or less adopted alternative asset classes that, if effectively managed, could help satisfy the growing voids in once purely traditional portfolios.


The CAIA Content Team

John L. Bowman, CFA, Senior Managing Director, TwitterLinkedIn

Keith Black, PhD, CFA, CAIA, FDP, Managing Director Content Strategy, TwitterLinkedIn

Guowei Jack Wu, CFA, Content Director, CAIA APAC, TwitterLinkedIn

Aaron Filbeck, CFA, CAIA, CIPM, FDP – Director, Global Content Development, TwitterLinkedIn