Rethinking Portfolio Construction
Chris discusses the limitations of traditional portfolio construction methods, particularly mean-variance analysis, in today’s market landscape. He emphasizes the importance of considering certainty of returns over a five-year horizon and suggests incorporating alternative investments like CLO equity. The conversation also touches on the nuances of including esoteric credit and other non-traditional assets in portfolio strategies, highlighting the need for careful evaluation of risk and return profiles.In this clip
From this podcast
Capital Allocators – Inside the Institutional Investment Industry
Chris Acito – Credit Where Credit is Due (Capital Allocators, EP.33)
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