Snake oil or diversification? Maybe some of both?

In a momentous decision this week, CALPERS (the California Public Employee Retirement System) announced that it would shed all of its hedge fund holdings. This was the Absolute Return portion of its portfolios and it cited cost and complexity as the leading reasons to...

Run Your Own Race

It is only natural to try to compare to others when considering “how am I doing?”. In the investment world, most Americans compare their portfolio to the S&P 500, an index of 500 large US companies that are publicly traded. If you are underperforming, is it time...