Press Release

Alceda and Clark Capital Launch Tactical Fixed Income Fund

May 1, 2014


UCITS vehicle initially launched for investors in Latin America Luxembourg, 20 May 2014 – Alceda Fund Management S.A. (“Alceda”) announces that…

Read More



Fixed Income Total Return Commentary

1Q 2014 — Credit Dominates Again

April 24, 2014


Executive Summary A Good Quarter for Fixed Income: Fixed income benefitted as equities stalled, and credit conditions have remained firm in…

Read More



ADR/International Equity Commentary

1Q 2014 — ADR/International Equity Steady

April 22, 2014


Executive Summary Opportunity in Quality: As of March 31, 2014, the highest quality companies are now trading two standard deviations below…

Read More



U.S. SMID Cap Commentary

1Q 2014 — SMID’s Long-term Overnight Success!

April 22, 2014


Executive Summary Opportunity in Quality: As of March 31, 2014, the highest quality companies are now trading two standard deviations below…

Read More



Taxable and Tax Free Fixed Income Commentary

1Q 2014 — You Can Make Money in Bonds? Who Knew?

April 22, 2014


Executive Summary A surprise to the upside in Q1: The bond market did exactly what it is supposed to do –…

Read More



U.S. Small Cap Commentary

1Q 2014 — Small Cap Almost Even

April 22, 2014


Executive Summary Opportunity in Quality: As of March 31, 2014, the highest quality companies are now trading two standard deviations below…

Read More



Global ETF Commentary

1Q 2014 — Stuck in the Mud

April 22, 2014


Executive Summary First Quarter Drivers of the Market: Consolidation of 2013 market gains, geopolitical concerns about Russia, Fed policy and leadership…

Read More



Global ETF Hedged Commentary

4Q 2013 — Stuck in the Mud

April 22, 2014


Executive Summary First Quarter Drivers of the Market: Consolidation of 2013 market gains, geopolitical concerns about Russia, Fed policy and leadership…

Read More



U.S. All Cap Commentary

1Q 2014 — All Cap Shines

April 22, 2014


Executive Summary Opportunity in Quality: As of March 31, 2014, the highest quality companies are now trading two standard deviations below…

Read More



High Dividend Equity Commentary

1Q 2014 — Dividend and Earnings Growth

April 22, 2014


Executive Summary Rotation to Dividend Payers: In March, a rotation away from lower dividend or non-dividend paying stocks into dividend paying…

Read More