Asset allocation: Hold or fold?

John Husselbee, chief investment officer of North Investment Partners, on whether investors are better off sticking to last year’s winning asset classes or changing their strategy.

clock • 3 min read

John Husselbee, chief investment officer of North Investment Partners, on whether investors are better off sticking to last year's winning asset classes or changing their strategy.

Country & Western is not my genre, but the lyrics to Kenny Rogers' classic hit "The Gambler" provide good advice for portfolio managers: "You've got to know when to hold ‘em, know when to fold ‘em,Know when to walk away and know when to run. You never count your money when you're sittin' at the table. There'll be time enough for counting when the dealin's done." Regular reviewing It frustrates me that many investors seem to believe that having bought into a fund and therefore delegated the task of taking care of their investments to the fund manager, this represents "job done. This can...

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