April 14, 2015
Diversification, Never Been Cheaper or More Painful
Asset allocation is the primary driver of return variability across broadly diversified portfolios. Historically, over time, more diversified portfolios have provided higher rates of return and lower portfolio volatility. This has not held true in recent years and concentration, not diversification, has been the game. At Hirtle Callaghan, we believe now, more than ever, more diversification is the right answer.
To understand why, read Tom Cowhey's Invesment Strategy Commentary Diversification, Never Been Cheaper or More Painful. Download the commentary.