Many investors have grown accustomed to the bull run, but the past few weeks have been a crude reminder of what can happen if the markets take a turn for the worse. How do multi-managers adjust their portfolios for a bear market? asks Christopher Salih
The recent stock market upheaval has left a lot of advisers wishing there was another solution. Who wouldn't rather be without phonecalls from anxious clients worrying about their equity portfolios? Yet, equities can seem a necessary evil. You have to invest. Cash is boring, bonds are over-valued. The multi-manager that can find funds to produce returns in a bear market is a valuable commodity indeed. The investment compass has swung away from benchmark-focused investing. Managers have become accustomed to running vehicles with a more aggressive approach. And the past three years have bee...
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