Alternative Exchange
2024 Alternative Exchange Highlights
Session Recap & Replays
Bull vs. Bear: Perspectives from Industry Leaders
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There are always opportunities in both bullish and bearish scenarios, so investors should navigate the market with a balanced approach and thoughtful, proactive investment strategies.
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While the market presents opportunities in a "risk-on" environment, investors should adjust their expectations due to already strong returns and limited valuation support and focus on thoughtful, research-driven investing rather than relying on broad, passive strategies.
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Traditional 60/40 portfolios have been less effective recently due to the increased correlation between stocks and bonds. Investors should consider seeking diversification through dividend growth, value stocks, and less-crowded areas like small and mid-cap stocks, as opposed to relying solely on traditional asset classes.
Navigating the New Geopolitical Landscape: A Conversation with Peter Zeihan
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There are three major factors that shape a nation's possibilities: technology, geography and demographics. These factors—such as advancements in industrialization, access to energy resources, and the balance between different age groups—determine what is achievable for a country or culture.
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The future will require a shift in how we allocate resources and approach industrial and economic strategies.
Building Resilient Portfolios with the Total Portfolio Approach
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Traditional asset allocation models can be rigid, forcing investments into predefined categories, limiting flexibility, and potentially missing opportunities when an investment don't fit specific buckets.
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The Total Portfolio Approach (TPA) offers flexibility, enabling dynamic and timely investment decisions based on current market conditions, rather than being constrained by set allocations.
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In the 40/30/30 framework, alternative investments (30% of the portfolio) are divided into enhancers, diversifiers, and inflation protectors, offering more flexibility and better alignment with the risk-return profile.
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Featured Speakers
Sofia Gertsberg joined HarbourVest in 2016 to lead the Firm’s Quantitative Investment Science team. The team’s objectives are to utilize HarbourVest’s proprietary data set to develop quantitative tools and models to enhance fundamentally-driven investment and portfolio construction process across the firm.
Sofia joined the Firm from State Street Global Advisors, where she was the global head of Fixed Income and Money Market Risk leading the investment risk oversight of assets across active, smart beta, and passive strategies for fixed income, cash, and currency portfolios. Her responsibilities included leading a global team of investment risk managers and analysts, designing and implementing investment risk monitoring framework, setting internal risk limits, and conducting risk management due diligence for outside managers. Sofia was also a voting member of SSGA’s Sub-advisor Oversight and Valuation Committees. Prior to that, she was a market risk manager at State Street Global Markets. She also held a director of analytics role at Debt Exchange.
Sofia received a BS in Economics from the University of Latvia in 2000 and an MBA from Boston University in 2003. She speaks fluent Russian and Latvian.
Andrei Vaduva is Co-Head of the Portfolio Management business unit, based in Zug. He is a member of the Global Investment Committee. He is responsible for the portfolio management of segregated mandates and evergreen programs, primarily for UK and Continental European clients. He has been with Partners Group since 2014 and has 14 years of industry experience. Prior to joining Partners Group, he worked at KPMG and Mercer. He holds a bachelor’s degree in finance from the University of Reading, UK. He is also a CFA charterholder.