Heavyweight Welton Investment Corp. (1/2 a billion under mgmt., 13% comp. ROR, -12% Max DD) was nice enough to let us post their excellent research piece on the error prone current asset allocation method of diversifying, in our newsletter last night.
You can read the full piece here: Diversification, Often Discussed, but Frequently Misunderstood – by Welton
The best part of the piece, besides the cool graphics, is the stat that 8 out of 10 hedge fund categories (which are supposedly not correlated to equity markets) actually fall into the equity cluster in terms of correlation over the past 10 years.
Read the full piece: click here
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