Dennis Rodman, Portfolio Optimization

Chasing Yield Into Low Quality Will End In Tears – Artemis

Dennis Rodman And The Art Of Portfolio Optimization by Artemis Capital Management

Prudent diversification has long been part of the dogma of Modern Portfolio Theory (“MPT”). The failure of diversification to protect investors during the financial crash of 2008, followed by the historic reflation of financial assets at the hands of central banks (with little regard to fundamentals), has challenged the legitimacy of textbook MPT. Many institutions claim to understand the benefits of anti-correlation, but any empirical knowledge gained during the Great Recession has been long forgotten, chasing yield into the depths of low quality assets, illiquidity . . .


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