Diversification is No Free Lunch

In an era of lackluster results from conventional active managers, we rewrite the rules. Our focus deviates from the traditional diversification path to embrace a dynamic approach centered around our managers’ finest insights.

In its most recent article, Gresham’s investment team explains the problems associated with “closet indexing” by some active managers, spotlights the potential benefits of targeted, concentrated investing – when appropriate – and describes our implementation strategy.