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

Don’t write off absolute return for diversification

Don’t write off absolute return for diversification

March 16, 2020
Until the sharp movements in equities and...
Designing a Tail Risk Strategy

Designing a Tail Risk Strategy

July 23, 2019
One of the most important and timeless...
How overvalued is the dollar?

How overvalued is the dollar?

June 11, 2019
A simple method to assess currency expected...
Are the Fed and financial markets “out of sync” again?

Are the Fed and financial markets “out of sync” again?

May 3, 2019
The drop in US equities and rise...
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...

Research Papers

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

The Fab Four: Trend, Carry, Volatility and Value

The Fab Four: Trend, Carry, Volatility and Value

November 6, 2019
Why We Think Combining Alternative Risk Premia...
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...