Over the last several years, sophisticated institutional investors have increasingly begun to recognize the benefits of complementing their private real estate allocations with strategic, long-term allocations to listed real estate.
Learn MoreOne of the key performance drivers for the quarter was duration, with long duration assets posting the best performance among risk assets. Over the course of the first quarter, the 2-year yield dropped 40bp, the 10-year yield was down 41bp and the 30-year yield declined 31bp.
Learn MoreThe Russell 3000 Value Index rose by a modest 0.9% in the first quarter of 2023. Returns by sector reveal more upheaval. A 5% decline in Financials, Health Care and Energy – which together represent over 45% of the Index – was partially offset by a high-teens increase in Communications Services and Information Technology – together just 15% of the Index.
Learn MoreThe Easterly Hedged Equity Fund in Q1 generated a 4.40% return vs. 7.48% in the S&P 500, for a 59% capture. The narrative of the quarter, similar to the end of 2022, was the market’s forecasting of a less hawkish Federal Reserve in connection with some evidence that softening inflation data signaled a coming end to interest rate hikes.
Learn MoreThe thoughts and opinions expressed in the articles are solely those of the author. The discussion of individual companies should not be considered a recommendation of such companies by the Fund's investment adviser. The discussion is designed to provide a reader with an understanding of how the Fund's investment adviser manages the Fund's portfolio.
