Welcome to the final issue of AlphaQ for 2016, and to paraphrase a popular song: “Oh, what a year!”
Jittery and jumpy was the prediction for markets in 2016 from our straw poll at the beginning of the year. Who knew exactly how jittery and jumpy that could become with the twin shocks in the polls this year resulting in us leaving 2016 behind with the UK leaving Europe and America braced for a Trump presidency.
We know that our readers can benefit from volatility, whichever direction it takes, but it has been tough to call over this extraordinary year. And looking forward, it looks no calmer. Our cover story features the disrupting Millers, with Gina Miller’s Brexit challenge being debated by the Supreme Court even as we go to press, with a result due in January. We ask the Millers, what drives this desire to get involved and to make a difference.
Our regular columnist, fund manager Randeep Grewal, draws on history, from King Canute onwards, to try and give us a context for contentious trade agreements. He reminds us that as an investor, he tries to consider what the counterparty knows, its experiences and motivations.
This issue of AlphaQ brings you shareholder activism; a look at the Belt & Road Initiative and its importance for ASEAN infrastructure; a fund that aims for hedge fund like returns for low fees; a fund that seeks to produce both income and capital gains and a route to profiting from hedge fund redemptions.
Hopefully, you will get a quieter moment at your desk over the Festive season – do spend it with us.
Happy Holidays,
Beverly Chandler
Managing editor, AlphaQ
Email: beverly.chandler@globalfundmedia.com
