Interesting report on the state of the wealth management industry from Russell Reynolds, particularly the hedge fund portion of the report...
Interestingly, if the statement below is true, then investors should take heart and go all-in, risk-on...! Personally, I do not buy it...
"Many investors see current market levels as temporary rather than indicative of a trend, liabilities now significantly outstrip assets and return assumptions far exceed reality. The inflation vs. deflation debate rages on. Indeed, the basis for allocating across a basket of non-correlated assets no longer is an investment cornerstone."
Russell Reynolds 2010 Asset & Wealth Management Trends Report
