Welcome to Investment CPR: Investing for Consistent Positive Returns, a blog about open-end mutual funds that pursue absolute return strategies, i.e., strategies designed to generate positive returns regardless of overall stock and bond market movements.
In Investment CPR we will:
- Explore ways to invest beyond the world of relative return investing – i.e., beyond the world where alpha, beta, R-squared and style boxes define success.
- Interview managers of mutual funds that are devoted to absolute return strategies, including:
- equity long/short
- market neutral
- beta neutral
- merger arbitrage
- hedged multi strategy
- extension strategies (e.g., 120/20, 130/30)
These interviews are with managers of open end, SEC-registered mutual funds that are generally available to the investing public. Some are well known; others less so. Investment CPR will bring you an inside view of what they do, how they do it and the risks they face in doing it.