Cambridge Associates

Hedge Funds

The last true source of diversification

Stock options are the last source of true diversification, investors were told at the Absolute Returns Conference in Sydney. In a presentation that received close scrutiny and engagement from delegates, Anthony Limbrick, portfolio manager for 36 South, told how growing consensus on diversification was having diminishing returns, in part due to the growing popularity of […]
Investment Strategy

Is equity insurance cheaply priced?

The volatility of equity markets has been low for several years and consequently the cost of put-options that pay out in the event of a market slump are cheaply priced. But is it an appropriate strategy for institutional investors? Three experts give their views. Buy-now Jerry Haworth, chief executive and chief investment officer of 36 […]