The Allocator's Edge

A Modern Guide to Alternative Investments and the Future of Diversification

De: Phil Huber

Narrado por: Warren Sandwell

Duración: 8 h y 4 m

Resumen del Editor

We are entering a golden age of alternative investments.

Alternative asset classes including private equity, hedge funds, catastrophe reinsurance, real assets, non-traditional credit, alternative risk premia, digital assets, collectibles, and other novel assets are now available to investors and their advisors in a way that they never have been before.

The pursuit of diversification is not as straightforward as it once was - and the classic 60/40 portfolio may no longer be sufficient in helping investors achieve their most important financial goals. With the ever-present need for sustainable income and risk management, alternative assets are poised to play a more prominent role in investor portfolios.

Phil Huber is the Chief Investment Officer for a multi-billion dollar wealth management firm and acts as your guide on a journey through the past, present, and future of alternative investments. In this groundbreaking tour de force, he provides detailed coverage across the spectrum of alternative assets: their risk and return characteristics, methods to gain exposure, and how to fit everything into a balanced portfolio.

The three parts of The Allocator’s Edge address:

1. Why the future may present challenges for traditional portfolios; why the adoption of alternatives has remained elusive for many allocators; and why the case for alternatives is more compelling than ever thanks to financial evolution and innovation.

2. A comprehensive survey of the asset classes and strategies that comprise the vast universe of alternative investments.

3. How to build durable and resilient portfolios that harness alternative assets; and how to sharpen the client communication skills needed to establish proper expectations and make the unfamiliar familiar.

The Allocator’s Edge is written with the practitioner in mind, providing financial advisors, institutional allocators, and other professional investors the confidence and courage needed to effectively understand, implement, and translate alternatives for their clients.

Alternative investments are the allocator’s edge for the portfolios of tomorrow - and this is the essential guide for advisors and investors looking to seize the opportunity.

©2021 Harriman House (P)2021 Harriman House

Yikes

Tangential. The word is tangential. Not ‘tan genital.’

The narrator is clearly not familiar with the material at hand, and there are unprofessional pauses and incorrect accentuations scattered throughout. But the king is definitely ‘tan genital.’

great content

I listen to about 100 books a year and am usually let down by the content of books of this nature, but the content is relevant and useful. not just a blanket, you should, or, it depends ask a professional. the author does a great job at giving enough exposure to send the reader off in a good direction.

Timely and Relevant

The overall content is timely and relevant. The book acknowledges and discusses some of the true investment challenges of our current market environment. The clear and cohesive argument was often interrupted by a poor reading of the material. I'm usually one to live and let live, but it is clear that the narrator does not grasp the subject matter and would frequently mispronounce words or misinterpret abbreviations. That is completely fine, but it pulled the focus away from the content. Overall I'm glad I read it, but will likely stick to the written version for future reference.

Great explanation of portfolio structure

The book did a great job describing different market structures, and different portfolio structures. It also highlighted how to construct portfolios with varying sharp ratio.

Need a different reader

Lots of mispronunciations. Distracting. It makes the book difficult to get through. Book content is good.

great overview of alt space and how to implement

this was a great narration and content: will be buying book to have as a reference.

It advances my thinking, and plans

Plenty here is not accessible to me now, as a small ("non-accredited") investor. (Retail markets are extending all the time, though.) Each item here, well described and listenable, DOES help me advance my thinking and consider various strategies and tactics I may wish to adopt (or replicate), in some form. It is also worthwhile to consider how much my own portfolio and thinking has parallels in these other products. The details help to enrich my understanding of all sorts of investments. I am skeptical at this point of the classic 60/40 long portfolio, going forward, and that's where this book starts. I already have been departing from that allocation, dipping in small measures into things further out on the risk-reward curve.

There is, especially later in the second part, some very good forward thinking and context here. The writing predates the current inflation bout (as I write this, early 2022), but anticipates it, and offers some choices.

No .PDF file for the Appendices!

Buyer beware - this version (as of early 2022) does not include a .pdf of the Appendices.

Overall, liked it. The book does a good job explaining different types of alternatives and how they might fit in a portfolio.

However, there are several important appendices missing from this audiobook despite Amazon referring to this as an “unabridged” version.

Dear publisher - this should have an accompanying .pdf or be advertised truthfully. Be less bad at your job, please and thank you.

What everyone already knows

Organized collection of all the common knowledge of investing and investing so called alternatives. Not for the professionals.