Superior Equity Portfolios

Constructing Superior Equity Portfolios

Constructing Superior Equity Portfolios by Cambridge Associates
Executive Summary

  • A common perception among investors that employ active equity management is that the “donut” structure—an all-active manager structure often composed of four or more high conviction managers—is more aggressive, more expensive, and riskier than the “coresatellite” structure—which blends active and passive management by adding a large passive core component to the donut—because of the donut structure’s heavier reliance on concentrated, high tracking error, high fee managers. In contrast, the large passive . . .

    SORRY!

    This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

    If you are subscribed and having an account error please clear cache and then cookies if that does not work email support@valuewalk.com or click chat button and we will get back to you as quick as humanly possible


Subscribe to our mailing list

* indicates required

Opt out of occasional 3rd party offers


0