Investors often conclude that they would have performed better by simply investing in the S&P 500 index rather than a well-diversified portfolio.
Karen Karniol-Tambour is the Co-CIO for Sustainability and the former Head of Research at Bridgewater Associates, the world’s largest hedge fund. Bridgewater is highly respected for its macroeconomic perspectives and understanding of how the economic machine works. Alex Shahidi, the Co-CIO of Evoke Advisors, one of the largest RIAs in the country, has been working with Bridgewater for nearly two decades.
ARIS describes key themes in the current global economic and market environment
Tax cuts in the US have led to an acceleration in US economic growth this year. In September, US unemployment reached its lowest level (3.7%) in almost 50 years. We expect this acceleration to be temporary as the fiscal stimulus begins to fade over the coming year.
We will describe why the conventional, instinctive approach to making investment manager choices generally leads to poor outcomes and how investors can be fooled by manager returns.
