Chapter 4 - Realigning Highly Diversified Portfolios
Legacy | Wealth | Preservation • 16m
How we can meet our funding obligations when traditional yields are so low...
Points of discussion:
• Rebalancing Premium to generate 3%-5% in excess returns
• The Diversification Ratio and maximally diversified portfolios
• The increased value of maximally diversified commodity sleeves
• Special advantages for non-institutional investors
Up Next in Legacy | Wealth | Preservation
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Chapter 5 - Achieving Target Returns
How we can use the Sharpe Ratio and meet financial goals with a maximally diversified portfolio...
Points of discussion:
• Using leverage in a robust and diversified portfolio
• Preserve diversification while achieving target returns
• Credit is not a distinct asset class and does... -
Chapter 6 - Raising The Stakes
How we can add more bets to maximize diversity...
Points of discussion:
• Style Premium, Factors, Smart Beta
• Efficient negative Sharpe ratios
• Redemptions and “Noise Traders” -
Chapter 7 - Tactical Alpha
How we can move from Factor Beta to Alpha...
Points of discussion:
• Swensen, Yale and aligning incentives
• The cycles of factor investing
• Machine learning, the Bias/Variance trade off and Alpha
• Ensembles
• Sustainable Alpha through continuous Innovation
