Alternative Quarterly Commentary – Q4 2023
During the fourth quarter of 2023, the MacNicol Investment Team continued to observe a widening gap between the inflation expectations of market participants and both voting and non-voting central bank officials. Catalyzing our concerns that financial markets may have “jumped to conclusions” when it comes to interest rates and a labor market that stands 200 basis points below its long-term (ex-COVID) average and fiscal profligacy that underpins a situation where government spending is leading to unsustainable levels of debt and deficit.
Alternative Quarterly Commentary – Q3 2023
Alternative Trust Update: The goals of the Alternative Trust are to generate attractive risk-adjusted returns using private investment opportunities so investors can reduce their dependence on public market investments. During the third quarter of 2023 the trust was higher by approximately 1.4%. Returns from private real estate and hedge funds were higher during the quarter, and strong enough to offset mixed results in private equity.
Alternative Quarterly Commentary – Q2 2023
Alternative Trust Update: The goals of the Alternative Trust are to generate attractive risk-adjusted returns and help alleviate investor reliance on public market investments. During the second quarter of 2023 trust was higher by approximately 1.9% in an environment defined as coping
Alternative Quarterly Commentary – Q1 2023
Alternative Trust Update: The goals of the Alternative Trust are to generate attractive risk-adjusted returns and help alleviate investor reliance on public market investments.
Alternative Quarterly Commentary – Q4 2022
MacNicol’s The Alternative Asset Trust Quarterly Commentary- January 2023 (Click here) The MacNicol Alternative Asset Trust is a multi-strategy, alternative investment platform designed to generate returns that are positive [...]
Alternative Quarterly Commentary – Q3 2022
MacNicol’s The Alternative Asset Trust Quarterly Commentary- October 2022 The MacNicol Alternative Asset Trust is a multi-strategy, alternative investment platform designed to generate returns that are positive and uncorrelated with [...]
Alternative Quarterly Commentary – Q2 2022
MacNicol’s The Alternative Asset Trust Quarterly Commentary- July 2022 The MacNicol Alternative Asset Trust is a multi-strategy, alternative investment platform designed to generate returns that are positive and uncorrelated with [...]
The Alternative Quarterly Commentary – Q1 2022
MacNicol’s The Alternative Asset Trust Quarterly Commentary- April 2022 The MacNicol Alternative Asset Trust is a multi-strategy, alternative investment platform designed to generate returns that are positive and uncorrelated with [...]
The Q1 Commentary 2022
MacNicol’s Quarterly Commentary - April 2022 With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snapshots of metrics, a section [...]