CLT - Before It's Too Late: Using Lumber and Gold to Actively Manage Stocks and Bonds
Michael Gayed will speak on lumber and gold and the effects they can have on stocks and bonds.
In their 2015 NAAIM Wagner award-winning paper, Charlie Bilello and Michael A. Gayed uncover a market anomaly in the relative movement of Lumber to Gold. They show that the relationship between these two commodities provides important information on economic growth and inflation expectations, which gradually diffuses with a lag to stock and bond markets. Bilello and Gayed use Lumber and Gold as a signal to help answer the most critical question for active asset managers: when to take more risk (“play offense”) and when to take less risk (“play defense”) in an investment portfolio – before it’s too late. For more information regarding this presentation, please contact Michael Gayed at [email protected].
Speaker Bio: Michael Gayed, Chief Investment Strategist at Pension Partners, LLC
Michael A. Gayed, CFA, winner of the 2016 Dow Award and 2015 NAAIM Wagner Award, is chief investment strategist and co-portfolio manager at Pension Partners, LLC., an investment advisor which manages mutual funds and separate accounts according to its ATAC strategies. Prior to this role, Gayed served as a portfolio manager for a large international investment group, trading long/short investment ideas in an effort to capture excess returns. From 2004 to 2008, Gayed was a strategist at AmeriCap Advisers LLC, a registered investment advisory firm that managed equity portfolios for large institutional clients. In 2007, he launched his own long/short hedge fund, using various trading strategies focused on taking advantage of stock market anomalies.