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...In (very) broad contours, the Yale model is de minimis allocations to boring stuff like fixed income and big allocations to alternative, often illiquid investments like hedge funds, private equity and venture...
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...With about 40 per cent of its assets in fixed-income funds, Franklin could benefit from the peak-rates wave of money coming back into bonds....
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...Dimon’s stature on Wall Street has led to calls last year for him to run for president from the likes of hedge fund billionaire Bill Ackman. He has resisted....
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...the fund and notes from its board meeting....
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...California-based Franklin, with $1.4tn in assets, experienced almost $7bn in net outflows in the latest quarter largely due to underperformance in its Western Core Plus fixed income fund, which was caught...
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...But investors are increasing allocations to global equity funds, an indication that they are seeing opportunities outside of mega-cap stocks....
...Asset managers tend to either love it, and bristle in irritation if you fail to love it as much as they do, or hate it because they pick stocks for a living and index tracking funds are eating their lunch...
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...I believe in passive investing but then attempt my own asset allocation. Madness. I should just decide on my weightings (with automated rebalancing) and walk away....
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