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KickinTheBricks Wrote:
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> Completion fund is when you have a portfolio of
> active managers and want to use one more strategy
> to "round out" the risk of the portfolio and fill
> in the blanks to get the desired exposure.


Interesting you describe it like that as this pretty much how I have it drawn on my flashcards. Core + satellites is a smooth core (safe) and spiky satellites (risk) orbiting it, and the completeness fund is drawn as a spiky (risky) center wrapped up in a smooth shell. The shell "rounds out" the rough edges.



Edited 1 time(s). Last edit at Thursday, June 2, 2011 at 08:21AM by mutton.