Completion Portfolio vs. Completion Fund points, method, between

DoubleDip

Distinguish between a Completion Portfolio and a Completion fund and specify when it is appropriate to use each method (6 points):

Roflnadal

"Completeness" Fund vs Completion Portfolio?

COMPLETENESS - has to do with getting a Fund back to the risk level if you have a bunch of wild active managers throwing off all kinds of alphas.

COMPLETION - unrelated to COMPLETENESS - its a way to diversify concentrated holdings for individual (start with HIGH concentration stock and add more stocks incrementally - requires access to additional wealth beyond concentration.

thommo77

So how many out of the 6 points do I get?

lcw77

Completion portfolio
You have concentrated position (undiversified, high level of unsystematic risk) you select target portfolio and purchase it with cash or borrow against concentrated position.

Offset losses on portfolio with gains on concentrated position (generate tax alpha) and use proceeds to buy more of target portfolio

Disadvantage: diversification might take long

Unforseen

2-3 points

Mr.Good.Guy Wrote:
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> So how many out of the 6 points do I get?

bodhisattva

Completeness Fund is in SS10 (equity)

infinitybenzo

so it is called Completion portfolio or Completion fund (for diversification purposes)

Chuckrox

COMPLETENESS vs. COMPLETION - NOT BOTH COMPLETION!!!!

mik82

so COMPLETNESS FUND AND COMPLETION PORTFOLIO.

rgr that.

dyga

"Completeness" Fund (V4 p 145) vs Completion Portfolio (V2 - p262-263)