Ryan Paterson: When a lack of concentration is a good thing

A large amount of wealth owned by private clients throughout the world is held in the form of concentrated single-asset positions - and there are a number of different types of investor who may find themselves in a situation where they have accumulated a concentrated equity position. Successful entrepreneurs, for example, usually have a significant portion of their net worth tied to a single asset - the company they founded. Business owners, who sell their company and receive a sizeable portion of the proceeds in stock, end up in the same position. Some investors - particularly compan...