Research-led Investing

Research is at the heart of what we do. Publishing research ensures discipline, rigour and a philosophy of constant improvement. We believe this helps to deliver attractive risk-adjusted returns for our investors.

Research Notes

Our macroeconomic insights from the investment team in downloadable pdf format

OTC Premia Paper

OTC Premia Paper

April 3, 2019
Paper by Gino Cendese (Fulcrum), Angelo Ranaldo...
Investing in an era of Normalisation

Investing in an era of Normalisation

July 25, 2018
The Discretionary View: Investing in an era...
Fulcrum Research: Mirror, Mirror, On the Wall, Which Bond Is the Fairest of Them All?

Fulcrum Research: Mirror, Mirror, On the Wall, Which Bond Is the Fairest of Them All?

January 8, 2018
European political risk dominated 2017, with the...
Winter is Coming: Turn Up the Central Bank Heat!

Winter is Coming: Turn Up the Central Bank Heat!

October 9, 2017
Government bond 10-year yields in the major...
Half-Year to Go: Beach-Ready Bond Workout!

Half-Year to Go: Beach-Ready Bond Workout!

July 25, 2017
Yields on benchmark 10-year government bonds in...

Research Papers

Fulcrum's whitepaper research, offering detailed and extensive research from our macroeconomic team

Mean reversion in equity markets

Mean reversion in equity markets

April 24, 2019
It is widely held in the equity...
Volatility Risk Premium: Stick, Twist or Fold

Volatility Risk Premium: Stick, Twist or Fold

February 20, 2019
While there is little dispute among investors...
Misconceptions Around The Volatility Risk Premium

Misconceptions Around The Volatility Risk Premium

October 30, 2018
The Volatility Risk Premium (VRP) is one...
Fulcrum Multi Asset Volatility

Fulcrum Multi Asset Volatility

August 28, 2018
The Volatility Risk Premium occupied the headlines in...
The Alternative View – VRP and Credit

The Alternative View – VRP and Credit

May 15, 2018
The VRP as a practical alternative to...
The Alternative View – Trend, Crises and the Cost of Protection

The Alternative View – Trend, Crises and the Cost of Protection

November 8, 2017
Trend-following strategies are widely recognised for providing...
The Alternative View: The Multi-Asset Volatility Risk Premium

The Alternative View: The Multi-Asset Volatility Risk Premium

August 1, 2017
The latest edition of Fulcrum’s Alternative View...