While market commentators spent Q1 2025 debating the implications of Trump's first 100 days in office, MFERM was measuring their actual impact on equity markets.

As macro volatility dominated and equity managers struggled to generate alpha, traditional risk models offered little insight into what was driving performance.
MFERM revealed the complete picture: SPY returns were 85% macro-driven, with high yield credit spreads providing real-time signals of the rising risk premium.

This granular analysis separated the true market drivers from the noise, giving portfolio managers and risk officers the clarity they needed to distinguish between genuine alpha generation and macro-driven performance. In an environment where most firms were still guessing which macro forces mattered, MFERM provided quantifiable answers, transforming uncertainty into actionable intelligence for investment decision-making.

Watch #4 in our video series in Partnership with Omega Point

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