Darling Defender
Investors face financial repression and rising inflation Traditional bond and income strategies are not suited for this environment. We...
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Machinations of macro, asset sleeves and allocation by outcomes not benchmarks
In episode 102, Alex Proimos speaks with Mark Beardow, co-chief investment officer, and Andrew Baume, adviser, at Darling Macro. This...
Q2 2021 review: Expectations have caught up with the US economy
Q2 2021 review: Expectations have caught up with the US economy
New sources of portfolio protection
Equities have experienced more regular and deeper negative shocks in the last 5 to 15 years than typical of the last 60 years. At the...
Everything is so expensive
In a follow-up to our last blog on lessons from 2020, Andrew Baume and I discuss some of the challenges for investing when everything is...
Adding to the Investment Strategy platform
The effectiveness of conventional monetary policy has reached certain constraints. We have observed these constraints through the use of...
This time it is different?
Recently I sat down with my colleague Andrew Baume to reflect on 2020 and what lessons can be drawn. As he says, with the dubious benefit...
Q1 2021 review: Inflation or growth shock?
Read Q1 2021 Review Source: Darling Macro. For wholesale investors only.
Inflation shock or growth shock?
Concern about the rising risk of inflation has been pervasive over the last 6 months. In this note we look into Australian inflation...
A new multi-asset strategy with long pedigree
Source: Greg Bright and Investor Strategy | News. For wholesale investors only.
Why is the market testing central banks' policy prescription?
Since November more investors have begun to speculate that interest rates will need to lift earlier than current central bank guidance....
Do low bond yields support high equity valuations?
The consensus is that low rates and bond yields are supporting high equity valuations. As the chart below shows there is a relationship...
Will lower unemployment generate inflation sustainably above 2%?
Markets have consistently overestimated the necessary degree of central bank monetary tightening over the last 25 years. This great chart...
2020 : a real time stress test
2020 provided a real time stress test of the Darling Macro approach. During 2020, the fund successfully protected investors during the...
Defensive equity diversifiers in a low interest rate environment
What does the future of defensive equity diversifiers look like in a (SAA) Strategic Asset Allocation ? Watch how in a low rate...
Can we all be contrarians?
As investors we are not always rational in our portfolio decisions and behavioural factors can explain some of the "irrationality". This...
November 2020 performance charts
A brief review of markets performance and the key performance contributors to the Darling Macro Fund November Narratives that fit stories...
I can't live with you, I can't live without you
I think its uncontroversial to say that equities are the foundation of many portfolios and have generated returns well above cash and...
Darling Macro Fund rated 'Superior' by SQM Research
The Darling Macro Fund has been awarded an inaugural rating of “Superior 4 stars” and its top investment grading of “High Investment...
Diversifying equity risk
Equities are the foundation of many portfolios and have generated returns well above cash and inflation over the long term. However...
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