Send a Message

[contact-form-7 id="2362" title="Send a Message"]
DRS Solutions
GBU Newsletter
Performance
Research
Entire Library

About Marc Odo

As Director of Investment Solutions, Marc is responsible for helping clients and prospects gain a detailed understanding of Swan’s Defined Risk Strategy, including how it fits into an overall investment strategy. Formerly Marc was the Director of Research for 11 years at Zephyr Associates.

DRS vs. Liquid Alternatives — Strategy Comparison Series

Examine the differences between the goals, track records and drivers of success between the Swan DRS and liquid alternative strategies.

By | March 2nd, 2017|Blog|Comments Off on DRS vs. Liquid Alternatives — Strategy Comparison Series

Where Does Hedged Equity Fit?

"So where does the DRS fit in a portfolio?" We field this question often. Simple, yet effective investment approach behind the the Defined Risk Strategy (DRS) appeals to many as it can serve different roles within a portfolio. This paper dives into the DRS allocation question, examines the impacts of adding the DRS in incrementally larger proportions to an existing balanced portfolio and analyzes the impact on portfolio risk and return metrics, as well as, examines the various ways the DRS can fit in a portfolio to accomplish various goals.

By | February 20th, 2017|DOCUMENTS, Research|Comments Off on Where Does Hedged Equity Fit?

Greek Lessons: Vega Explained

The volatility of an option’s underlying asset is one of the major factors in determining the value of that option. An option’s sensitivity to volatility is known as “vega” and is one of the so-called “Greeks” that are used to determine an option’s value.

By | February 2nd, 2017|Blog|Comments Off on Greek Lessons: Vega Explained

The Target Return Band

What Return Are You Targeting? Are you focused on a 1yr, 3yr, 5yr return versus some benchmark? Is that best for the investor? We believe achieving returns within our Target Return Band year after year can lead to long-term success. Learn why and ways to address investor myopia.

By | January 9th, 2017|Blog|Comments Off on The Target Return Band

The Importance of Distribution of Returns

When Normal isn't Good. Do you really want to achieve 'market returns'? Actual market returns over time often do not fit a nice, clean, symmetric layout of a 'normal distribution' curve. As such, investors may not realize that striving for market returns might not be in their best interests over time. However, narrowing their distribution of returns is!

By | December 1st, 2016|Blog|Comments Off on The Importance of Distribution of Returns

Simple, Straight Talk on Options

Hedging Your Bets - Conventional wisdom suggests that “hedging your bets” is prudent. This is especially true in situations where the biggest risks lie outside your control. Considering stock markets are trading near all-time highs, investors might wonder how to “hedge your bets” in their portfolios.

By | November 17th, 2016|Blog|Comments Off on Simple, Straight Talk on Options

The Importance of Consistency of Returns

Consistency is King, both in Sports and Investing Consistency of returns is an important driver of overall investment results, just like in sports and other areas of our lives.

By | October 27th, 2016|Blog|Comments Off on The Importance of Consistency of Returns

Portfolio Construction & Systematic Risk

Virtually every portfolio manager claims to invest in a risk-controlled manner. However, investors looking at their monthly statements during the credit crisis of 2007-08 were probably wondering what happened to those risk controls as their wealth plummeted. How were these losses possible? One explanation is that there are different ways to think of and define risk.

By | October 15th, 2016|Blog|Comments Off on Portfolio Construction & Systematic Risk

Volatility is a Drag

If bear markets can be described as a rare but catastrophic flood for a portfolio, then everyday volatility drag can be seen as water damage slowly that erodes away the foundations of your house (investment returns).

By | September 27th, 2016|Blog|Comments Off on Volatility is a Drag

DRS vs. Tactical Asset Allocation –Strategy Comparison Series

Examine the differences between the goals, track records and drivers of success between the Swan DRS and tactical asset allocation strategies.

By | September 13th, 2016|Blog|Comments Off on DRS vs. Tactical Asset Allocation –Strategy Comparison Series

The Importance of Avoiding Large Losses

The Best Way to Make Money, Is to Not Lose It - This post examines the claim that minimizing losses is more important to the ultimate success of an investment plan than maximizing gains.

By | August 10th, 2016|Blog|Comments Off on The Importance of Avoiding Large Losses

Is the 60/40 Portfolio Broken? If So, Then Fix It!

Is the 60/40 Portfolio Broken? And if so, what are you doing about it? Download in PDF For decades the standard representation for a balanced portfolio has been the “60/40”- 60% equities, [...]

By | July 21st, 2016|Blog|Comments Off on Is the 60/40 Portfolio Broken? If So, Then Fix It!

Growth Creates Growth- Applying the Power of Compound Growth

Albert Einstein supposedly once said that the most powerful force in the universe is compound interest. Naturally investors seek compound growth, but often fail to capture it’s full benefit.

By | June 28th, 2016|Blog|Comments Off on Growth Creates Growth- Applying the Power of Compound Growth

The Pain Ratio — A Better Risk/Return Measure

Download in PDF   Pain Ratio vs. Standard Deviation In a previous post we discussed the pain index as a better measure of risk. Now we'll explore the concept further, to consider return [...]

By | May 26th, 2016|Blog|Comments Off on The Pain Ratio — A Better Risk/Return Measure

Greek Lessons: Delta Explained

Delta - A Driving Force Behind Options Pricing Download in PDF Summary Delta is a measure of the sensitivity of price changes in the option relative to price changes in the underlying asset. [...]

By | May 5th, 2016|Blog|Comments Off on Greek Lessons: Delta Explained

Capturing the American Dynamism in US Small Cap Equities

Early Mover Advantage in Small Cap Equities Download in PDF “Families are always rising and falling in America.” - Nathaniel Hawthorne, The House of Seven Gables What Hawthorne said about American families can [...]

By | March 29th, 2016|Blog|Comments Off on Capturing the American Dynamism in US Small Cap Equities

Changing the Game in Emerging Markets Investing

Strategy for Emerging Markets Investing Investing in a Volatile Asset Class Download in PDF In a world of low yields and sluggish growth in most of the developed world, many consider emerging markets [...]

By | February 24th, 2016|Blog|Comments Off on Changing the Game in Emerging Markets Investing

The Retirement Multiplier Effect

The Retirement Multiplier Effect - Addressing the Combination of Withdrawals, Inflation, and Timing Download in PDF In two previous blog posts we discussed the impact of “curveballs” upon retirement planning. The first curveball [...]

By | February 10th, 2016|Blog|Comments Off on The Retirement Multiplier Effect

Examining Effectiveness of Target Date Funds

Target Date Funds: Easy Does It. Or Easy Doesn’t Do It? Download in PDF It’s fair to say that most people like when complicated concepts or difficult tasks are ‘made easy’. It’s also [...]

By | January 26th, 2016|Blog|Comments Off on Examining Effectiveness of Target Date Funds

Expanding the Opportunity Set

Download in PDF A Unique Strategy to Invest Across Multiple Asset Classes When people discuss “the market”, what exactly are they referring to? Thankfully, the Dow Jones Industrial 30 average, with its numerous [...]

By | January 19th, 2016|Blog|Comments Off on Expanding the Opportunity Set

The Mathematics of Diversification

The Mathematics of Diversification Download in PDF In a previous blog post, we discussed the key role that correlations play in the success or failure of a diversification strategy. In this post, we [...]

By | December 15th, 2015|Blog|Comments Off on The Mathematics of Diversification

Suffering from Withdrawals?

Is Your Portfolio Suffering from Withdrawals? Download in PDF When analyzing the performance of money managers, the industry standard assumes a single investment is made at the start of period and that no [...]

By | November 19th, 2015|Blog|Comments Off on Suffering from Withdrawals?

Timing is Everything, Or is It?

When it Comes to Outcomes, Investment Timing is Everything. Or is it? Download in PDF It’s often said that “timing is everything.” Given the volatile state of the equity markets over the last few [...]

By | October 22nd, 2015|Blog|Comments Off on Timing is Everything, Or is It?

Chasing Investment Yield — Seeing the Forest for the Trees

Chasing Investment Yield or Total Return Which is More Prudent in a Low Yield World? Download in PDF As investors prepare for the gradual “lift-off” in interest rates, it is worth reviewing the impact of [...]

By | October 13th, 2015|Blog|Comments Off on Chasing Investment Yield — Seeing the Forest for the Trees

Summer Squall or the Start of Hurricane Season?

Long Term Strategy Designed to Weather the Big Storms   Following the sharp drawdown of August 20-25, the market has hovered around correction levels, defined as a drop-off of more than 10% from its highs in May. [...]

By | September 1st, 2015|Blog|Comments Off on Summer Squall or the Start of Hurricane Season?

Serving Up Diversification

The Importance of Correlations to Diversification Strategy For decades the financial industry has promoted diversification as the most logical, prudent way to maximize returns and minimize risk. However, in order to truly reap the benefits [...]

By | July 29th, 2015|Blog|Comments Off on Serving Up Diversification

The Future of Fixed Income and Capital Preservation

Can Fixed Income Continue to Provide Both Income and Capital Preservation? Download in PDF Fixed income investments historically served a dual role in a portfolio, to provide both fixed income and capital preservation. Can [...]

By | July 1st, 2015|Blog|Comments Off on The Future of Fixed Income and Capital Preservation

Greek Lessons: Theta Explained

Theta & the Nature of Time Decay in Options Contracts There is a common the phrase, 'some things in life are all about timing'. In regards to options contracts, timing is an extremely important variable in determining [...]

By | June 16th, 2015|Blog|Comments Off on Greek Lessons: Theta Explained

The Pain Index as a Better Measure of Risk

Pain Index vs. Standard Deviation Developed by Dr. Thomas Becker and Aaron Moore of Zephyr Associates, The Pain Index is similar to other measures of risk like standard deviation, beta, tracking error, etc. Where it [...]

By | May 29th, 2015|Blog|Comments Off on The Pain Index as a Better Measure of Risk

Unique Approach to Hedging Emerging Market Currencies

Emerging Market Currencies - To Hedge or Not to Hedge? At Swan Global Investments we are quite excited about the prospects of our newest investment offering, the Swan Defined Risk placed on Emerging Markets (EM). [...]

By | May 14th, 2015|Blog|Comments Off on Unique Approach to Hedging Emerging Market Currencies