Back to school

The chief investment officer for Morgan Stanley’s private wealth management business is telling his clients that they can learn something from the major US college endowment funds – alternative investing. By Matthew Crabbe

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David Darst, chief investment officer at Morgan Stanley’s private client wealth management division, takes an enthusiastic and thoroughapproach to the opportunities for wealth creation – useful traits in theseuncertain times. Darst is telling his clients that it’s time to diversifyand become more opportunistic, and also that it’s time to think about riskmanagement and correlations within portfolios. “We want to help peoplethink about their assets working in concert with one another,” he says

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