Markets are largely efficient in the short-term. We focus on where expectations are, and where it’s most likely that future events will diverge from the collective forecast.
All things being equal, uncrowded trades are more profitable than crowded ones. We spend a lot of time analyzing where the crowds are, and trying to avoid them.
What’s the difference between long-term Treasury yields and the relative performance of cyclical vs. defensive equities? Not much. Our cross-asset focus lets us spot dislocations across asset classes.
Our investment horizon spans 3-6 months. Why? Because that’s the average duration of individual risk cycles in the post-crisis era.
Of course, markets can stay crowded longer than investors can stay solvent. Our analysis incorporates the catalysts most likely to force price discovery.
US macro data affect European sovereign yields. ECB actions impact Japanese equities. And Chinese policy drives EM currencies. We monitor it all.
“There are a lot more powerful things that move the back end of the treasury curve than a U.S. government shutdown; U.S. government shutdown is neither here nor there for risk.”
Jason Ambrose, CEO and Head of Sales & Distribution, Vanda Securities
We conduct daily, weekly and quarterly risk calls with select clients, providing real time analysis of changing market conditions and tactical trade ideas.
Data focused updates on how positioning data has changed week to week or highlighting an emerging positioning trend.
Investor positioning re-invented by Vanda Securities. An online platform that derives the current positioning environment for any given asset class providing clients with idea generation, risk management and a holistic cross asset view in one platform.
Concise and to-the-point updates on developments that are moving markets right now, helping clients identify the signal amidst the daily noise.
For clients with specific research requests, we’re here to help. By having a research presence in New York, London and Singapore, Vanda can provide analysis through email and Bloomberg chat when you need it most.
Vanda’s flagship weekly research product analyzing market themes and trends that matter to investors – minus the noise. Topics encompass everything from US retail investor behaviors, to BOJ and ECB monetary policy, to the market changing reaction functions towards Chinese economic data.
Weekly compilation of the latest positioning and fund flow data from domestic regulators, local exchanges, options markets, ETF providers and third-party vendors. Updates include a synopsis of the most and least crowded trades, notable weekly changes and areas where upcoming catalysts pose the greatest risk and reward.
The CIO Risk Report
A weekly, high level summary of Vanda’s broad outlook for global markets and trade recommendations.
A data platform that allows investment professionals to efficiently browse thousands of data points using a single portal. It aggregates public and private data to derive the current positioning environment for any given asset class.Learn more