A “fiduciary duty” is the highest standard of care recognized in American law. Among other things it means that you must act solely in the best interest of the client at all times.”

Cliff Asness – Caveat Investor? The “Fiduciary Rule” and Unintended Consequences – (ValueWalk)

 

The well-known “crisis alpha” characteristics of trend-following strategies during equity market weakness have the potential to extend readily to bond markets.

Trend following: equity and bond crisis alpha – (Pensions & Investments)

 

A record Speculator short position in 10-Year futures could fuel a substantial short-covering rally.

A Huge Potential Tailwind For Bonds? – (Dana Lyons)
CalPERS is developing plans to shift as much as $30 billion from external to internal managers as it seeks to reduce fees.

CalPERS may move up to $30 billion in-house to cut fees – (Pensions & Investments)

 

There’s an investing argument that I’ve heard a number of times over the years that I disagree with.

One of My Investing Pet Peeves – (A Wealth of Common Sense)

 

A corner of the oil market has been in a frenzy about potential tax-reform plans favored by House Republicans.

How Trump Crushed Millions of Dollars in Oil Options Trades – (Bloomberg)

 

It’s unwise to think timber alone fills the bucket for commodities,” he said. “That’s analogous to holding 100 shares of I.B.M. and calling that your equity portfolio.”

Forests Are a Treasure. But Are They Good Investments? – (New York Times)

 

But what about those 4 hedge fund managers who ply their wares in the energy sector? How did they do in what turned out to be a difficult year for many hedge fund strategies?

4 Energy Traders you Won’t See on Bloomberg — (RCM’s Attain Alternatives Blog)