What we’re seeing across allocator demand, manager selection and the changing shape of private wealth in Europe.
For professional clients and eligible counterparties only
Success can cause fragility. Portfolios that appear diversified are often highly concentrated in the same underlying risks: equity beta, growth, liquidity, credit and duration. Preparation, not prediction, is the goal.
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The classic diversified portfolio isn’t as diversified as it used to be. Portable alpha is one way to keep full equity exposure and still add a genuinely independent source of return, if you can tell the managers who deliver it from the ones who don’t.
Read the articleMore perspectives on allocator demand, manager selection and the changing shape of liquid alternatives in Europe are on the way. Get in touch to be notified.