Robert Pemberton looks at what lessons we can learn from observing how Harvard and Yale manage investments
The difficulties equity and fixed interest markets have faced over the last year has drawn attention to the merits of diversified, multi-asset investing. In the July edition of the magazine we included an article explaining the mechanics of this approach and some of the common sense principles needed to apply it successfully to long-term retirement portfolios. However, the glut of 'absolute return' funds currently being launched by asset management groups is in danger of misrepresenting this strategy and leading to it being labelled as merely the latest 'fad'. To answer this charge and fu...
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