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Podcast: Critical thinking
Episode: Hedge funds: the comeback kid?
Description: Opinions expressed are those of the speakers as of the date of publication, are subject to change without notice and do not necessarily reflect Mercer’s opinions.The level of portfolio protection from high-quality debt instruments that generations of investors have relied with the 60/40 portfolio has been challenged. Investors need more tools in the toolkit. Gold and some currencies can protect well, but are subject to idiosyncratic risks and are noncontractual; their protective capacities are essentially market conventions or rules of thumb.Given the need to manage a range of exposures dynamically, we as...