Hedge fund investors have implemented the prescription of diversification in many ways. Institutional investors and funds of hedge funds diversify across asset classes, strategies, geographic focus, and other dimensions. Such investors often attempt to achieve diversification across these dimensions by allocating to 30 or more single hedge funds. But such broad diversification in hedge funds portfolio.
Roger Hamilton has designed the Wealth Spectrum concept through three prisms, which can give the reader a better understanding on the levels of wealth. The three prisms are Alchemy prism, Enterprise prism and the Foundation prism. He further breaks down these three prisms into three levels each, forming nine levels where every individual can place them in one or the other level. The alchemy prism comprises of the legend, the composer and the trustee. The enterprise prism constitutes of the conductor, the performer and the player. The first level from the bottom … Read More