Between the influence of global central bank policy, the scale of passive investing, and the growing scope of "volatility contingent" strategies, markets today are very different than they were decades ago.

Within our recent paper – Liquidity Cascades: The Coordinated Risk of Uncoordinated Market Participants – we explore how these dynamics work in conjunction to suppress market volatility, push investors into an increasingly crowded and fragile position, and can lead to violent market unwinds.

If you'd like to learn more about how we're incorporating these ideas into our existing mandates – available in mutual fund and separate account format – please reach out to our team.

Newfound Research LLC is a quantitative investment and research firm dedicated to helping investors pro-actively navigate the risks of investing through thought leadership and investment acumen.  To build more resilient portfolios, we seek to diversify across the investment axes of what, how, and when.