INSIGHTS
Education, not predictions.
Explanations of the mechanics behind structural-alpha investing: how the instruments work, how the analysis is built, and where the risks live. Nothing here is investment advice or a recommendation.
YIELD-TO-WORST
Understanding SPAC Yield-to-Worst
How trust value, redemption rights, and time to contractual outcome combine into a conservative underwriting estimate—and why realized results can be lower.
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EVENT-DRIVEN
Why Time Matters in Event-Driven Investing
Fixed catalysts, shortening horizons, and annualized return—how the passage of time shapes event-driven opportunity and risk.
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STRUCTURAL ALPHA
Structural Alpha Versus Market Direction
What distinguishes structural inefficiency from directional prediction, and why structural trades still carry market risk.
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Articles are provided for educational purposes only and do not constitute investment advice, a recommendation, or an offer or solicitation with respect to any security.