Persistent turbulence and episodes of market-wide drawdowns have led to increased demand for absolute return solutions including hedge funds. However, one portfolio manager believes such strategies are, by no means, all-weather solutions, due to their ability to destroy value over time. “I have covered the hedge fund space for more than 15 years and I am convinced that tactical short-term asset…
Short-term asset allocation destroys value: PineBridge
9 May 2016
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