TCM has moved beyond inefficient continuous “hedging” with a uniquely efficient risk management strategy to better balance both market decline and hedge expense threats.  While its dramatic potential during rare crisis declines tends to grab the spotlight, subtle but consistent expense management has actually been the major source of the strategy’s value since inception. 

Beyond just “hedging”, TCM’s focus is on risk management- whether from crisis declines or the risk presented by hedges themselves. Hedging restraint in pre-crisis conditions is how TCM outperforms its peers during bull markets like the past six months.

The month’s relatively hawkish FOMC meeting was taken in stride by markets, suggesting increasing reliance on actual economic outcomes rather than monetary stimulus for future gains.

With high yields that are free from traditional fixed income risks, option income funds are changing the investment landscape. Learn how TCM’s Hedged Yield strategy invests in this exciting new space.

While inflation remains and market divergences continue to mount, the “A.I.” narrative powers on.

As the gap between the “haves” and “have nots” widens, future promises like rate cuts or A.I. seem to be the market’s most valuable- and its most heavily mortgaged- asset.

With stocks full steam ahead and rates markets now expecting more cuts in 2024 than the Fed itself has suggested, the road ahead is becoming quite narrow for markets.