At Prometheus, we are committed to equipping our clients with the most granular, high-frequency, and actionable understanding of macro conditions in the industry. We offer our clients a range of research solutions, from big-picture macro themes to actionable trading signals. In the spirit of giving back to the community, we are excited to offer an All-Access week in our Institutional Services. Each day this week, we will unveil one product offering from our extensive Institutional Offering. If you’re interested in institutional access, please contact us at [email protected].
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Alpha Strategies reflects the best parts of our understanding of macro, markets, and portfolio construction. The purpose of Alpha Strategies is simple: to provide durable and consistent return streams independent of beta. These strategies span equities, fixed income, and commodities, combined into a single portfolio accessible exclusively to Prometheus institutional clients.
Over the last year, stocks have risen by 10%, bonds have risen by 2%, and commodities have fallen by -9%. More recently, stocks have risen by 1%, bonds have risen by 7%, and commodities have fallen by -7% over the last quarter.
Relative to this macro backdrop, our fundamental gauges suggest negative and worsening growth pressures, with negative but rising inflationary pressures.
Our market regime monitors show low odds of a rising growth regime and low odds of a rising inflation regime.
In this context, Alpha Strategies is positioned long Stocks (68%), long Bonds (33%), and short Commodities (-57%), with an expected portfolio volatility of 12%.
Finally, we share the performance of the strategy over the last 20 days and it’s drawdown profile.
