We are delighted to announce that our strategy has been recognized as the best performing strategy in its category by the Hedge Fund Journal over 3, 5 and 7 years periods.
The market rally in place over the past 11 months has been impressive by any measure. Once the market absorbs all the positive news related to the unprecedented fiscal and monetary support, we expect a return to fundamentals and the recent move in interest rates is bringing it in our view. For instance, companies with no ability to generate positive earnings and which had an easy access to liquidity may well face difficulties in a world with higher financing costs. The market continues to present attractive opportunities, but it has become very fragmented and extreme for certain segments. Consequently, market gyrations in global liquid financial assets will be part of the investment landscape in the coming months.
The year 2020 has been the most challenging one we have experienced in terms of systematic stock selection since we started RAM AI in 2007. The difficulty in systematic stock selection lies in outliers, in points never witnessed in the distribution before. Some of our alpha engines behave differently in these circumstances than what we have ever witnessed, analyzed (in the last 30 years of data available to us) or predicted. 2020 was marred by these outliers. The market moves on the surge of a global coronavirus pandemic in March, the central banks’ led rotation in June or the November vaccine-led risk-on have all been a large number of standard deviations away from the norm or from anything the markets have witnessed in the three decades.
RAM AI wishes you a Happy Holiday Season and a Prosperous New Year!
We harness opportunity through collaboration. In a diverse world of markets and asset classes. Equity and fixed income. Systematic and Tactical. Disciplined and personal. Our fusion of inquiring minds and entrepreneurial spirit works in sync with technology at the leading edge of innovation. Proudly independent, and consistently focused on returns, we work nimbly and responsively to do one thing – deliver you the highest performance.
