What is the concept behind Ampersand?

The basic Ampersand concept is that a potentially superior diversified investment portfolio can be built by adding an overlay of diversifiers and hedges on top of a core portfolio rather …

Adding an overlay without increasing risk

The Ampersand overlay consists of two separate parts: a sub-portfolio of diversifying strategies, and a sub-portfolio of equity-hedging strategies. Diversifiers are strategies that have very low correlations to equities, generally …