How much of your portfolio is really just equity beta?
Updated: 20 hours ago
Alan Dunne, CIO and Founder of Archive Capital Advisors recently appeared on The Blunt Dollar podcast, hosted by Ignacio Ramirez Moreno in a wide-ranging interview.
Listen to the linked podcast or as a YouTube video below to hear why:
Labels are not diversification. Private equity is still equity and private credit is still credit.
Credit spreads widen in every downturn, so it often behaves like equity beta exactly when you need it not to.
Why equities are the offence and bonds the defence, which is now less reliable. Trend following is the midfield, tilting the portfolio as conditions change.
Hear also why:
Risk is not volatility. Volatility is what you can measure from the one version of history we have. Risk is everything else, including what has not happened yet.
Alan's tips for industry newcomers
Alan's take on how much of a portfolio is really just equity beta?
