A new approach to multi-asset investing

Any serious investor will tell you the investment landscape completely changed in 2008. During the past three or four years, investors stumbling from one crisis to another have been subject to unseen volatility and correlations. Macroeconomic factors have so overpowered bottom-up fundamentals that any portfolio following a fixed asset allocation approach has been doomed to extreme volatility and poor returns. Adjusting to the new world The realities of the current situation tell us that these crises are not going to go away any time soon. Most developed world governments remain high...