Reply #25: Here is a ink that might help explain what has happened ... [View All]

[BansheeDem]

I have to make a presumption that your fund manager(s) have made some poor choices using the portable Alpha investment strategy. I say this because the time-frame seems about right.

I'm not a huge fan of this strategy and wouldn't rely on a manager who proposed it. Long-term funds should be placed in widely diversified Beta class investments (in my opinion) - Treasury Bonds, ,mid-cap stocks, and non-speculative real estate. Looking at such things as distressed securities, hedge funds, and the global bond markets is a risky business and should be avoided.

For anyone familiar with the markets (and terminology) this is an interesting take by Stanley-Morgan. Well worth a look. Note: requires Adobe reader.

http://www.morganstanley.com/im/resources/mkinsights/pdfs/portable_alpha.pdf