Relative value determines an asset’s value when accounting for the value of similar assets. Relative value is not to be confused with an asset’s absolute value.

The first observation is that in purely absolute terms one does not need much to survive. As long as there are plenty of calories (yes – lots of sugary foods), water to drink and cook, no ...

Our relative value approach hinges on two key factors: 1) Finding pairs of funds holding similar assets and 2) selecting the pairs that are trading at divergent absolute or relative discount ...