All bonanzas must come to an end: Where do investors find uncorrelated assets?

Reeling from the end of quantitative easing

The search for uncorrelated assets has now become an even more difficult task, given the continued distortion of valuations due to interest rate management by the central banks.

In 24 years, I have had the good fortune of managing most assets across the risk spectrum. The old adage was that if equity valuations fell, then bonds or property would stymy the fall and provide an appropriate hedge. These days, with the hangover of quantitative easing still distorting the natural order of valuations, these relationships have broken down.  As such, it always amuses me that when the next crisis or economic downturn comes along (such as Brexit), the same old claims are made with regard to diversification and performance.  Demystifying platform lending With inves...