Diversification benefits returning to the market

Diversification remains a viable strategy for investors, despite high-profile claims to the contrary over the past year, according to Matthias Henny, chief investment officer at AXA Winterthur.

Speaking at the Risk ALM Europe conference in London yesterday, Henny said certain assets, including foreign exchange carry trades, equities, fixed income, commodities and hedge funds, "all fell and recovered together" during certain points of the crisis, which had been taken by many as proof of the failu

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