Return Stacking™: A Thread of Threads
Return Stacking™️ is a concept that has been gaining traction in the financial world. This thread of threads will explore the concept in depth, including the difference between Return Stacking™️ and "portable alpha", capital efficiency, tax implications, variance drain, and more.
Corey Hoffstein 🏴☠️
CIO @ Newfound Research. 🥞 Return Stacking // 🌊 Liquidity Cascades // 📆 Rebalance Timing Luck. Risk cannot be destroyed, only transformed.
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What's worse than a twitter thread? A thread of threads.
— Corey Hoffstein 🏴☠️ (@choffstein) April 18, 2023
Here's my 🧵² on Return Stacking™️
(i.e. threads you may have missed) -
1/ What is Return Stacking™️?https://t.co/59hX7dwuJd
— Corey Hoffstein 🏴☠️ (@choffstein) April 18, 2023 -
2/ What's the difference between Return Stacking™️ and "portable alpha"?https://t.co/8I8bbWrJun
— Corey Hoffstein 🏴☠️ (@choffstein) April 18, 2023 -
3/ What are the tax implications?https://t.co/UY1OKkUglV
— Corey Hoffstein 🏴☠️ (@choffstein) April 18, 2023 -
4/ How does capital efficiency work under the hood?https://t.co/lKBMovnJzo
— Corey Hoffstein 🏴☠️ (@choffstein) April 18, 2023 -
5/ A deeper dive on margin maintenancehttps://t.co/UNbmf2LX3Y
— Corey Hoffstein 🏴☠️ (@choffstein) April 18, 2023 -
6/ What about variance drain / volatility drag?https://t.co/MJyw3iVpiB
— Corey Hoffstein 🏴☠️ (@choffstein) April 18, 2023