Alpha Exchange

The S&P 500 can be near its highs, credit spreads can remain tight, and the headline economic numbers can look reasonably healthy. But what if those indicators are telling us less and less about the financial condition of a large portion of American households? What if the consumer we see in bank earnings reports is simply not representative of the consumer who is struggl...

My guest today on the Alpha Exchange is Bruce Darringer, Founder of BSD Strategic Advisors and former Partner and Chief Operating Officer of King Street Capital Management.

Our conversation is about risk management, but not simply the risk of prices moving against you. As Bruce makes clear, an investment firm is a complex institution, and market stress has a way...

On this episode of the Alpha Exchange, I’m joined by Lori Calvasina, Head of U.S. Equity Strategy at RBC Capital Markets, for a discussion on the forces shaping the equity market and the framework she uses to assess where the S&P 500 should trade.

A central theme of our conversation is the strength of corporate earnings. Lori contrasts today’s market with 20...

Private equity has become an increasingly important part of institutional portfolios. Investors are attracted to its long-term return potential, the ability to influence portfolio companies and, perhaps less explicitly, the relatively smooth performance that comes from periodic rather than daily valuations. But what exactly are investors being compensated for? And how much of...