Adam Butler is CFA and CEO of ReSolve Asset Management. He co-wrote a book, Adaptive Asset Allocation, with Michael Philbrick and Rodrigo Gordillo.
Adaptive asset allocation is a form of market rotation. The presumption is you have “some sort of edge over the active market participant in selecting which asset is going to under-perform or outperform with a risk adjusted basis over a shorter term horizon”.
The premise is there are long-term anomalies in markets to take advantage of.
Our panel discusses if – and when – it’s appropriate to take these risks.
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