While corporations, consumers and governments are trying to get back on their feet following the global recession, continued volatility is pushing investors, especially high-net-worth investors, to pour their money into alternatives, which allow for broader diversification, said Gurinder Ahluwalia, president of Genworth Financial Wealth Management, at a media roundtable on diversification and new asset classes in New York City on Tuesday.
“We are several years into a multi-year de-leveraging process,” said Anne Lester, managing director and senior portfolio manager with J.P. Morgan Asset Management’s Global Multi-Asset Group. “It’s been painful and will continue to be painful.”
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