asset classes

“I'm always amazed when I see people under age 40 who are CIOs because, let's face it takes a long time to get reasonably good at all those different asset classes.”

“The asset class just gives you a sense for what you own, but I would argue going forward, I actually question how valuable the asset classes really are. If you have a Great implementation is just really thinking about it as one portfolio, and just understandin…”

“If you shifted from an asset allocation approach to a factor approach, And you really wanted to get very clear on what the unique risks are, that if you ended up in a crisis, would tend to not be correlated. Asset classes are. Factors by construction are not.”

“Scale doesn't work in many asset classes, and so The ability to invest small amounts of money, but it will make a big impact on the bottom line is important.”

“This industry doesn't make it easy to shift asset classes, it doesn't make it easy to shift rules when you've become a specialist in something pretty early on and reached a pretty high level pretty early on.”

“These delineations and asset classes don't actually reflect the manager opportunity set.”

“One of my gripes is sometimes people over-diversify. They're not sure, so they end up with Godly number of asset classes, which really doesn't do anything from a performance point of view.”