Season Investments



Trading Sardines

A couple weeks ago Realty Income Corp announced it would be acquiring American Realty Capital Trust. Although we understand the reason for the sale, we are disappointed with the terms of the deal.

Pour Some Sugar On Me

QE3 will have no real impact on economic growth since it will not loosen any of the “binding constraints” preventing growth from accelerating. The pop in stocks and commodities following the Fed’s announcement has been referred to over and over again as the “sugar rally”, making it analogous to the surge of nervous energy one gets after indulging in too many sweets.

3 Questions for Alternative Investments

The universe of what is considered an alternative fund is vast and growing. Three primary questions need to be answered when considering a new investment in this space.

We Are All Turning Japanese

We decided to close out our position in the Yen because our thesis for the original investment has been significantly challenged. The tailwinds which have aided the Yen over the past two decades are weakening.