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 …
Reducing equity risk while potentially increasing risk adjusted returns – too good to be true?
Ampersand is grounded in Modern Portfolio Theory, which lays out the benefits of portfolio diversification. Ampersand extends the basic principle of diversification by permitting the sum of the portfolio allocations …
The difference between leverage and investment risk
Diversification is often said to be the only “free lunch” in investments, and the Ampersand concept illustrates this by showing how it may be possible to earn a potentially higher …
What are the risks of an Ampersand Portfolio Strategy?
Dr. Dravid explains the potential risks associated with an Ampersand Strategy, provides insight into the dedicated research and portfolio due-diligence that goes into manager selection, and finally the confidence Equinox …
The Ampersand Overlay and Total Return Swap
The “overlay” and “total return swap,” what are they, how do they fit within the context of Ampersand?