ARTICLE | 4 MIN | OXFORD MAN INSTITUTE AND ACADEMIC PARTNERSHIPS

The Best of Strategies for the Worst of Times

July 1, 2019

What steps can an investor take to mitigate the impact of a large equity correction?

In the late stage of a bull market, it is prudent for investors to plan for a drawdown that might be accompanied by a recession. We analyse a number of passive and active strategies and detail the effectiveness of these strategies across various crises. However, investors need to be careful in defining ‘best’ when selecting the best of strategies in the worst of times. It is essential to understand not just the performance but the overall cost of implementing various protective measures.

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Authors

Campbell R. Harvey Investment Strategy Advisor, Man Group
Edward Hoyle Partner and Senior Researcher, Man AHL
Daniel Taylor, CFA CIO, Man Numeric
Otto van Hemert, PhD Director of Core Strategies, Man AHL

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