John Husselbee: View from the front row

As deep-rooted bond bears, we have been watching rising yields in the sector with interest. While we still see a role for fixed income within a broad multi-asset portfolio, we have long been underweight the asset class and have balanced out some of this position using so-called alternative funds. Over recent months - as many have come to believe bonds may have finally reached an inflection point - we have taken the opportunity to spring-clean our alternatives allocation to ensure it continues to serve its purpose. Before discussing how we use these funds, it is worth considering the s...