Waverly Advisors, LLC is a tactical research and advisory firm focused on capturing absolute returns across the full spectrum of liquid asset classes including equities, commodities, currencies, and fixed income. Our focus is on active portfolio management with a normal investment horizon ranging from several weeks to many months. However, this does not mean that we have a myopic perspective on risk; many of our clients incorporate our work into their own process with intended holding periods measured in quarters or years.

We strive to understand the forces that are driving the financial markets, guided by a disciplined analytical process and core beliefs acquired through real world experience. Though much of our work is focused on market structure and price action, we reject most of the traditional tools of technical analysis. We believe that in order to consistently outperform, it is necessary to recognize paradigm shifts and to apply the right tools to prevailing market environment. While we strive for absolute performance, we also know that no magic formulas exist. Markets change, and so must any successful investment philosophy

Although we are often contrarian in our views, we recognize that mispricings exist and may persist for extended periods of time; market participants can and do make irrational decisions. A purely fundamentally-driven approach is blind to these factors, and accepts many unnecessary risks. We respect the power that sentiment and money flows have over markets, which expresses itself through the tactical elements of price action and market structure.

We also know that superior investment performance is not achievable without accepting risk; risk is an ever-present companion of opportunity. Our first and most important mandate is always risk management—our job is to assume the correct risks at the correct time, and to manage those risks appropriately.

Finally, we believe that objectivity and humility are a necessary part of any effective investment process. Though much is known and quantified, by definition successful investors must always work on the edge of what is be knowable. Intellectual flexibility combined with an iron-clad risk management discipline are essential to long-term success. What we do is straightforward: We work hard every day to face risk objectively, and to seize opportunity when it appears.