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Alternative Income

Income Opportunities Q1 2022 Commentary

The Fed’s aggressive shift from dependable monetary accommodation to panicked tightening that aims to quell inflation has led to a combination of rapidly rising rates, flattening yield curve and wider credit spreads, which have pummeled bondholders.

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Global Real Estate Q1 2022 Commentary

Global real estate stocks posted losses in the first quarter of 2022, with macroeconomic uncertainty exacerbated by geopolitical tension driving a sell-off in listed real estate prices. The FTSE EPRA Nareit Developed Index (the “Index”) had a total return of -3.77% for the quarter, while the Easterly Global Real Estate Fund generated a total return of -3.15%, outperforming the Index by 62 basis points.

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Long/ Short Opportunity Fund Q1 2022 Commentary

Throughout the first quarter of 2022, media headlines and investor sentiment were as volatile as the markets themselves. 2022 began with the end of the pandemic and its restrictions in clear sight, strong backlogs across multiple sectors, optimistic business sentiment, low interest rates, pent-up consumer demand, and healthy corporate and consumer balance sheets.

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Income Opportunities Q4 2021 Commentary

Market Summary: Spurred by record corporate profits, a booming economy with healthy wage gains and $2.7 trillion of excess savings amassed during the pandemic, risk assets had a strong finish to 2021 as they successfully navigated a “wall of worry”, including a Federal Reserve that is becoming less accommodative. The S&P 500 posted an 11.0%…

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Global Real Estate Q4 2021 Fund and Market Commentary

Download PDF Review of Q4 2021 Market and Fund Performance Global real estate stocks posted strong gains in the fourth quarter of 2021 with healthy economic signals offsetting concerns regarding the spread of the Omicron variant, rising inflation and the transition to tighter monetary policy. The FTSE EPRA Nareit Developed Index (the “Index”) had a…

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2021 Year in Review

Summary 2021 ended much like it began, with rising levels of COVID cases across the country. Vaccine rollout and economic reopening led to a rebound in the labor market Housing market boom Unprecedented spike in demand for goods, disrupts world supply chains and contributes to inflation Equity markets continued reaching new highs as the bond…

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Structured Credit Value Fund Q3 2021 Fund and Market Commentary

Macro: The performance of most risk assets moderated during the third quarter. Entering the fourth quarter, stretched valuations, stagflation concerns, the Fed’s impending tapering of Treasury and Agency MBS purchases and potential Evergrande spillover effects have dampened what has otherwise been a continuous equity rally since last year’s presidential election.  Corporate credit posted a positive…

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