Navigating a course towards uncorrelated alpha

With a constant flow of new products to assess, the key to multi-management is understanding the rewards and risks in the investment being offered

A multi-manager's job is to identify and invest in the best products from the world's best fund managers. Just as there are many different approaches to equity investing, there are different styles of multi-manager, with differing emphasis on top-down asset allocation, and alternative approaches to fund research and fund selection. But what is common to all multi-managers is that they build their portfolios using products from a range of investment management firms, all of which are keen to lure them with hot new products investing in hot new markets - be it commodities, agriculture or alte...