Lombard Odier advocates different approach to asset allocation

DIfferent approach to portfolio allocation needed

Traditional asset allocation needs to be challenged and the focus of investments needs to separate alpha and beta creation coupled with strict risk management, says Hubert Keller, managing partner in charge of the asset management part of Lombard Odier Investment Managers (LOIM).

Keller says he has "issues" with the traditional investment model. "A lot of expected return and a lot of the actual return depends on the timing and it's very difficult to pick the timing. We've seen that particularly

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