I found many old and new studies using a range of methods to compare inflation
hedging of various assets, sometimes with scant explanation of the methods employed.
Not exact matches
Aside from acceptable «basis» risk between the stocks we hold long and the indices we use to
hedge, and perhaps 1 %
of assets in option time - premium at any given time as a result
of staggering our strikes to provide a stronger defense, we don't consider
various speculative bubbles as threats to our own returns.
For example, while managed futures as an
asset class have generally underperformed stock and bond markets in their current bull market, if one compares the rolling 12 month returns
of various asset classes (bonds,
hedge funds and managed futures) against the S&P 500 from 1994 to 2014, managed futures as an
asset class rose when the S&P 500 declined.
Further, the Bekaert and Wang study attempted to devise ideal inflation
hedging portfolios by combining
various sets
of assets, but they couldn't generate any portfolios that delivered a positive correlation with inflation.
A few
of the alternative
asset classes and associated investment products that are pitched to individual investors include:
various commodities, gold, foreign exchange,
hedge funds in 57 varieties, infrastructure, managed futures, private equity, limited partnerships, and on and on.
Deerfield Capital Management (Rosemont, IL) 11/2006 — 8/2007
Hedge Fund Accountant • Reconciled portfolio holdings and trade activity for
various types
of assets • Validated redemptions, interest / dividend receipts and payments, and subscription wires • Oversaw and reviewed reconciliation activities
of accounting clerks and associates • Prepared GAAP complaint financial statements for
various portfolios • Resolved financial report discrepancies with internal departments and external clientele • Maintained customer financial documents ensuring accurate recordkeeping
According to research by TIAA - CREF Global Real Estate that compares how well
various asset types perform as inflation
hedges, among 5,000 portfolios with five - year holding periods, but with random starting years from 1978 to 2011, the National Council
of Real Estate Investment Fiduciaries Property Index's total returns for commercial real estate beat inflation 84 percent
of the time, and by a huge 698 basis points, on average.