noel

Working in private wealth, 40/40/20 is a model allocation for us. We take the "core" portfoio and allocate 100, 80/20, 60/40, 50/50, 40/60 and have a satelitte portfolio of 20-30% AIs depending on liquidity needs, risk tolerance, client constraints. That 30% includes hedge funds. We're thinking of increasing to our "cap" on AIs from 20-30% to pick up more hedge fund exposure.