Spatium Small Companies Fund returned -8.0% for the month of October vs -5.6% for the benchmark.
family offices
Spatium Small Companies Fund update for September 2023
Given the state of the global bond market with yield curves indicating a minor uplift to rates in the US at the next FOMC, it’s plausible that the extended tilt away from small companies segments both domestically and abroad has been overdone.
The case for quant in small caps
Melbourne-based Spatium Capital operates its small-caps fund on a quant basis. The fund manager thinks the case for more quant strategies in small caps is compelling and already in place in US and European investing.
Laureola announces closed-end life settlements fund
Laureola is pleased to announce the launch of a limited partnership in Bermuda which will invest exclusively in life settlements. The closed-end structure is ideal for institutional investors wishing to access this unique asset class.
Bonds not a safe harbour as inflation builds
Investment grade fixed income has historically been seen as a safe haven for investors but the total return on the Bloomberg Investment Grade Corporate Index for 2021 was -1.0% and US junk bonds now yield less than 4% with a projected 9% default rate.
ESG means more than the environment
Monetising a life insurance policy which is no longer needed provides meaningful help to seniors who are struggling financially but not all seniors are aware of their options and of course some policies don’t have a surrender value.
Non-correlated assets are hard to find
Many strategies claim to be non-correlated, but the problem for investors is that it works until it does not work. Sadly, everything seems to go down together in a major market downturn – the very outcome investors try to avoid by investing in alternatives.
Life settlements – part of the alternative fixed-income universe
What are life settlements? Life settlements are life insurance policies which have been sold to an investor who pays the premiums and eventually collects the death benefit.