Cumberland has utilized separately managed accounts (SMAs) to execute its fixed-income strategy since the company’s inception in 1973, long before SMAs were popularized in the early 2000s. The reasons for managing money in this fashion are the same today as they were then:

I would like to thank Byron Callan and Capital Alpha Partners (https://capalphadc.com) for permission to shar

This Sunday we feature the replay of Part 3 in the “Ukraine: What’s Next?” five-part series: “Cyber Security Analysis” (

​During the first week of June, we gain access to a number of important reports on the US labor market to go along with the inflation data for April. The FOMC, which meets June 13–14, will have one more observation on CPI inflation but will not receive the May PCE until April 30, after the…

“The Great Recalibration”

We've witnessed the trillion-dollar crypto meltdown in prices of various cryptocurrency assets. To be more precise, the crypto market cap peak was about $2.7 trillion and now is about $1.1 trillion.

“Investing and politics don’t mix” concluded a recent Barry Ritholtz Sunday morning column. Here’s the link and citation for readers who are interested: “Dangers of Mixing Business with Politics,” https://ritholtz.com/2018/03/dangers-mixing-business-politics/.

We agree with Barry and…

Dear Clients & Friends,

Several readers have asked about the Covid surge in Florida.  For Cumberland‘s office status, if you are planning a visit, please call for the most current status and office protocols. We are open with a blended schedule of in-person and some work-from-home.

In April, business activity in China slowed dramatically, following a contraction in March. This development is of global importance to policymakers and investors. The Chinese economy is the world’s second largest, behind only the US economy.