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…

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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…

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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…

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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…

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SMA 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 –…

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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…

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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…

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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…

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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…

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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…

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