We provide detailed descriptions, including over 550 mathematical formulas, for over 150
trading strategies across a host of asset classes (and trading styles). This includes stocks …

Investors have a natural urge to protect their portfolios from sudden crashes. The authors
argue that investors should instead focus on bad outcomes that unfold over longer periods …

The use of options by individual investors has grown dramatically in recent years. The
authors evaluate several popular options strategies, including portfolio insurance, life cycle …

The majority of multiasset investment portfolios allocate most of their assets to a mix of
stocks and bonds, ostensibly relying on the observed negative correlation between the two …

Research has shown that tail risk hedging using explicit option purchases and trend-
following effectively mitigate equity tail risk. This paper demonstrates that these defensive …

In a low-rate environment, government bonds may not mitigate equity risk as well as they
have in the past. This structural shift has profound implications for asset allocation …

This paper examines the historical risk-adjusted returns of two hedging strategies designed
to minimize downside market risk: Protective-puts and covered-calls. Using US market data …

Defensive strategies have been in high demand since the Global Financial Crisis. For
almost a decade, investors mainly had two traditional strategies from which to choose …

In this article, the author uses a common framework to evaluate and compare various equity
downside protection strategies including constant proportion portfolio insurance, volatility …

Contrary to the intuition that the standard risk-return tradeoff should lead to
underperformance of a portfolio that scales down exposure during volatile periods a recent …