Find out why Balentine typically choose to be passive in efficient asset classes, and how we decide whether active management may be more appropriate.
Last year was a difficult year for active management in general and, outside global macro and trend following strategies, hedge funds in particular. General underperformance combined with CalPERS’ decision to exit hedge funds turned hedge funds into the industry’s scapegoat. A recent New York Times article “As Hedge Fund Returns Falter, Money Continues to Flow […]
Last month, CalPERS, the largest public pension fund in the U.S., made the decision to eliminate hedge funds from its portfolio. “We are always examining the portfolio to ensure that we are efficiently and cost-effectively achieving our risk-adjusted return goals,” said Ted Eliopoulos, CalPERS Chief Investment Officer, in a press release on September 15. “Hedge […]
Academics, economists and thought leaders in our industry agree: diversification across traditional asset classes simply is not enough to grow – or even sustain – assets over the long term. At Balentine, we use a distinctive Building Blocks approach to asset management to help bridge the gap between what is possible in the markets and […]