All roads lead to Rome

Jerry 36SouthIn this article Richard 'Jerry' Haworth ex-South African and CEO and CIO of London-based 36 South Capital Advisers LLP puts the case for diversification into alternative asset-types. He says that low interest rates around the world have created a 'super-correlation' between different asset classes, which are now all bound together. Using a gambling formula called the Kelly Criterion, he argues that a possible investment scenario as markets become more volatile is a two-tailed pay-off. He predicts that only those with 'non-traditional diversification of some sort will survive in a meaningful way'. To read more click here.